Category: Oil (Petroleum) and Gasoline

Exxon and Chevron Rack Up Giant Profits

The New York Times – Business:
Exxon Mobil and Chevron reported another round of strong profits. But they face political fire over gasoline prices, even as they fear a new downturn.
Saudis Find Sympathetic U.S. Ears at ‘Davos in the Desert’

The New York Times – Business:
A Saudi decision to support a cut in oil output infuriated Washington. But at an investment conference in Riyadh, there was plenty of praise for the kingdom.
Exxon and Chevron Rack Up Giant Profits

The New York Times – Business:
A fourth straight quarter of robust results came on the back of high oil and natural gas prices.
Shell Reports Earnings of $9.45 Billion, Its Second-Highest Profit

The New York Times – Business:
The two European companies reported earnings totaling nearly $20 billion, partly on higher energy prices as Russia’s war in Ukraine continues.
A Secret, Failed Oil Deal: How the U.S.-Saudi Relationship Ruptured

The New York Times – Business:
Ahead of President Biden’s trip to Saudi Arabia this summer, his administration thought it had secured pledges of increases in oil production throughout the year. The opposite happened.
Why the Price of Gas Has Such Power Over Us

The New York Times – Business:
“When prices go up, we have this feeling of oppression that we can’t do everything we want.”
US Executives Are Flocking to Saudi Davos in the Desert

The New York Times – Business:
Some top American business leaders are headed to the Saudi business conference. But Biden administration officials, angry over the kingdom’s stance on oil production and ties with Russia, are staying away.
How Finnair’s Huge Bet on Faster Flights to Asia Suddenly Came Undone

The New York Times – Business:
When Russia closed its airspace, it upended the decades-long strategy for making Finland a European travel hub to and from the East.
Biden Expands Effort to Lower Gas Prices and Secure Energy Independence

The New York Times – Business:
Draining of emergency oil reserves draws criticism that the White House is trying to lower gas prices with midterm election politics in mind.
U.S. to Release Millions More Barrels of Oil to Contain Gas Prices

The New York Times – Business:
The Department of Energy will release 15 million more barrels from the Strategic Petroleum Reserve and plans additional releases this winter.
In the Netherlands, Balancing Energy Security Against Climate Concerns

The New York Times – Business:
A central location and web of gas pipelines are helping boost gas imports in the country even as it tries to stick to its clean energy goals.
Tens of Thousands March in Paris to Protest Rising Living Costs

The New York Times – Business:
The demonstration occurred on the heels of strikes at oil refineries, adding to a tense political atmosphere.