Category: Oil (Petroleum) and Gasoline

David Lipton, Economic Diplomat, Will Step Down From Treasury

Mr. Lipton, who served in senior roles in the Clinton and Obama administrations and at the I.M.F., is retiring.
Ukraine Is Biden’s Defining Issue, and His Biggest Economic Challenge

The shape of the war, and its effects on global markets, in the months and years to come could determine the president’s political fate.
Chinese Unrest Over Lockdowns Upends Global Economic Outlook

Growing protests in the world’s biggest manufacturing nation add a new element of uncertainty atop the Ukraine war, an energy crisis and inflation.
Giant Wind Farms Arise Off Scotland, Easing the Pain of Oil’s Decline

Oil and gas workers, losing their jobs as fossil fuel investment wanes, find work in the wind energy business.
U.S. Allows Chevron to Expand Energy Operations in Venezuela

The license, limited in scope, was issued amid the resumption of talks between the Venezuelan government and opposition, and comes as President Nicolás Maduro desperately needs to improve the economy.
Ukraine’s Allies Struggle to Agree on Plan to Curb Russia’s Oil Revenue

The policy must be in place before an E.U. embargo on Russian oil imports kicks in on Dec. 5. The talks are set to resume next week.
Ukraine’s Allies Struggle to Agree on Plan to Curb Russia’s Oil Revenue

The policy must be in place before an E.U. embargo on Russian oil imports kicks in on Dec. 5. The talks are set to resume next week.
EU Nears Cap on the Price of Russian Oil

E.U. diplomats aim to agree on a price this week, clearing the way to enforce the measure before a Dec. 5 deadline.
Oil Prices Slide as Investors Worry Energy Demand Is Slowing

The U.S. benchmark oil price fell below $80 a barrel on Friday, and gasoline prices in some states are now close to $3 a gallon.
Will Taxing the Windfall Profits of Oil Giants Fix Countries’ Economies?

Britain is raising a tax on gas and oil producers, and adding a levy on companies that supply electricity — a similar approach to that of other governments chasing revenue.
A Parade of Tankers Has Eased Europe’s Energy Crisis

Chilled gas from the United States has helped replace fuel from Russia, upending European energy markets.
Electric Vehicles Start to Enter the Car Buying Mainstream

While sales are still skewed toward affluent buyers, more people are choosing electric vehicles to save money.