Saudi Arabia and Russia, in coordinated statements, said on Tuesday they would extend their cuts in oil supplies through for the rest of 2023. The moves helped push up oil […]
Oil (Petroleum) and Gasoline
Trending topics and news from the Oil (Petroleum) and Gasoline category
Back to news homeWill Inflation Keep Slowing? The Key Areas to Watch
President Biden has openly celebrated recent inflation reports, and Federal Reserve officials have also breathed a sigh of relief as rapid price gains show signs of losing steam.But the pressing […]
Inflation Rose to 3.2%, but Overall Price Trends Are Encouraging
Fresh inflation data offered the latest evidence that price increases were meaningfully cooling, good news for consumers and policymakers alike more than a year into the Federal Reserve’s campaign to […]
Saudi Aramco Reports $30 Billion in Profit for Latest Quarter
The Numbers: Profits that rise and fall with oil prices.Major energy companies have been reporting reduced profits, largely because the price of oil has fallen since last year. In the […]
BP Reports Sharply Lower Earnings as Oil Prices Slide
Behind the NumbersThe sharp drop was largely due to lower prices for the oil and natural gas that the company produces and sells. Energy prices soared in the previous spring […]
Exxon Reports Leaner Earnings in Second Quarter
The NumbersExxon’s revenue declined in the latest quarter, to $82.9 billion from $115.7 billion a year earlier. The company reported earnings per share of $1.94, compared with $4.21 in the […]
North Sea Sees Potential Shift from Oil and Gas to Renewable Energies
The North Sea has long been host to some of the world’s busiest shipping lanes and hundreds of rigs for producing oil and natural gas. Now, if European leaders have […]
Russia and Saudi Arabia’s Oil Partnership Shows Strain
For most of the last six years, the leaders of Russia and Saudi Arabia worked with each other to control the global oil market during times of war, pandemic and […]
Gasoline Prices, a Source of Pain Last Year, Have Come Way Down
Americans who fill up their cars this Memorial Day weekend will catch a break — at least compared with a year ago, when gasoline prices were soaring.The national average price […]
Vary Energy Leans on Manure to Provide a Greener Future
Every day dozens of tanker trucks, many laden with pig manure and other kinds of agricultural waste, rumble through the gateway of an imposing steel-and-concrete plant in northeast Netherlands.This pungent […]