Stories Tagged as
Oil
OPEC+ will extend supply cuts — but that doesn't appear to be raising prices
Jun 4, 2024
The petroleum-producing cartel is trying to push global oil prices higher, but Americans aren't seeing an increase at the gas pump.
A fraction of oil and gas profits would fund methane emissions cuts, global energy agency says
by
Lily Jamali
Aug 7, 2023
IEA advises investing in facilities to reduce the potent greenhouse gas. The U.S. government is already funding such programs.
Why the U.S. is a spoiler for OPEC's plan to raise oil prices
by
Lily Jamali
Jul 10, 2023
OPEC is trying to cut production among its members in a bid to push up the price of oil, but it hasn't gone according to plan.
Oil refiners have added capacity. That should reduce the risk of sticker shock at the gas pump.
by
Lily Jamali
Jun 29, 2023
Last year's price spike was largely the result of a shortage of refining capacity.
To stay atop the oil market, OPEC became OPEC+. But keeping the cartel in sync isn't easy.
by
Lily Jamali
Jun 28, 2023
The Saudis invited the Russians to the table and rolled out the red carpet. But the Russians haven't always done what the Saudis want.
Saudis are trying to prop up oil prices by lashing out at short sellers
by
Lily Jamali
May 24, 2023
And if it doesn't work, they'll cut production.
Oil tanker costs climb as Russia ties up system with longer routes
by
Lily Jamali
Apr 13, 2023
The cost to ship fuel has more than doubled since February.
For public good, not for profit.
Home heating oil prices have dropped from record highs
Feb 10, 2023
A milder winter is one reason why. But it's still a significant expense, and applications for assistance are up.
Red Texas is flush, blue California has a deficit, but it's more about economics than politics
by
Matt Levin
Jan 11, 2023
Fewer tech millionaires were minted in 2022, hurting California's bottom line, while in Texas, the oil and gas industry boomed.
Big oil had one of its biggest years ever in 2022
by
Lily Jamali
Jan 3, 2023
Both Exxon Mobil and Chevron reported their most profitable quarters of all time during the calendar year. Sustaining that growth is more complicated.