Here is what car buyers need to know about the Biden administration’s proposal to push the auto industry to sell more electric cars.
Category: Oil (Petroleum) and Gasoline
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The Week in Business: Cuts to Oil Production
Job growth last month continued at a steady, but slower pace. The Biden administration unveiled its plans for the I.R.S. And a new inflation reading comes out.
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Oil Prices Jump After Surprise OPEC Production Cut
The New York Times – Business:Adding to global economic uncertainties, oil prices rose about 5 percent on Monday after Saudi Arabia and other major producers announced a surprise cut in crude production.
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In Surprise, OPEC Plus Announces Cut in Oil Production
The New York Times – Business:Oil prices soared 7 percent on Sunday night after the group’s move to cut 1.2 million barrels a day.
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In Surprise, OPEC Plus Announces Cut in Oil Production
The New York Times – Business:The move is an apparent effort to boost prices. Still, its significance may be slight, especially if the global economy slows.
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A ‘Rocking Chair Rebellion’: Seniors Call On Banks to Dump Big Oil
The New York Times – Business:Older climate activists gathered in cities around the country for a day of action targeting banks that finance fossil fuel projects.
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The Head Spinning Reality of Venezuela’s Economy
The New York Times – Business:After years of extreme scarcity, some Venezuelans lead lives of luxury as others scrape by. The nation of grinding scarcity has increasingly become one of haves and have-nots.
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Saudi Aramco Reports Record Profit as Fossil Fuels Remain ‘Essential’
The New York Times – Business:Saudi Arabia’s national oil company earned $161 billion last year, a nearly 50 percent jump over 2021, and said demand for oil would continue.
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As Oil Companies Stay Lean, Workers Move to Renewable Energy
The New York Times – Business:Solar, wind, geothermal, battery and other alternative-energy businesses are adding workers from fossil fuel companies, where employment has fallen.
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Europe Has Weathered an Energy Crisis, for Now
The New York Times – Business:Worries about gas and oil supplies have greatly eased. But reverberations from the war in Ukraine continue to cloud longer-term forecasts.
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Pay and Plug: Federal Funds Spur Cleanup of Lost Oil Wells
The New York Times – Business:The National Park Service has started closing orphaned wells using money provided under legislation signed by President Biden.