Category: Oil (Petroleum) and Gasoline

European Natural Gas Price Falls to Lowest Level Since 2021

The New York Times – Business:
Europe may have avoided the worst-case economic scenario envisioned after the invasion of Ukraine, thanks to a dramatic drop in energy prices.
Oil Prices Rise on Talk of Russian Output Cut

The New York Times – Business:
Russia’s deputy prime minister said the country would reduce its oil production by about 5 percent to counter Western sanctions.
BP, in a Reversal, Says It Will Produce More Oil and Gas

The New York Times – Business:
The company said global concerns about energy security prompted the change, as it reported record profits for 2022.
How Russia Is Surviving the Tightening Grip on Its Oil Revenue

The New York Times – Business:
Europe’s and America’s gradual restrictions on Russian oil trade are raising stakes in a protracted economic standoff that is reshaping the global energy market.
How Markets Have Redefined Value and Growth Stocks

The New York Times – Business:
With the exception of Apple, eight tech giants are no longer “pure growth” stocks, while Exxon and Chevron are, a new study says. Our columnist says: Buyer, beware.
Shell’s Profit Soared to $42 Billion in 2022

The New York Times – Business:
The record haul, pushed by high energy prices and a hunger for liquefied natural gas, came as a new chief signaled a more “balanced approach” to renewable energy.
Russian Diesel Is Europe’s New Embargo Target

The New York Times – Business:
The coming ban on Russian exports of refined oil products could strain energy markets and crimp Russia’s output.
Oil Giants, After Surge in Profits, Are Wary About Spending

The New York Times – Business:
Economic and military uncertainty clouds the outlook for Exxon, Chevron and other energy companies, whose bonanza from high prices is already fading.
Russia Sidesteps Western Punishments, With Help From Friends

The New York Times – Business:
A surge in trade by Russia’s neighbors and allies hints at one reason its economy remains so resilient after sweeping sanctions.
IMF Upgrades Global Economic Outlook as Inflation Eases

The New York Times – Business:
The International Monetary Fund said the world economy was poised for a rebound as inflation eases.
China’s Oil and Gas Use Fell in 2022 for First Time in Decades

The New York Times – Business:
Pandemic lockdowns curbed Chinese energy demand, but the International Energy Agency expects a rebound this year.
A United Europe Weathers Crises, but Deeper Challenges Remain

The New York Times – Business:
Differences on NATO and E.U. enlargement, energy and climate, and relationships with the United States, China, Russia and Ukraine will prime Davos talks.