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 […]
Production
Trending topics and news from the Production category
Back to news homeFord Slashes Price of Electric F-150 Lightning as Demand Weakens
Ford Motor on Monday reduced prices of its F-150 Lightning electric pickup truck by between $6,000 and nearly $10,000, the latest sign of sluggish demand for electric vehicles.The price cuts […]
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 […]
Falling Lithium Prices Are Making Electric Cars More Affordable
Lithium, the common ingredient in almost all electric-car batteries, has become so precious that it is often called white gold. But something surprising has happened recently: The metal’s price has […]
Why Russia Has Such a Strong Grip on Europe’s Nuclear Power
The pinched cylinders of Russian-built nuclear power plants that dot Europe’s landscape are visible reminders of the crucial role that Russia still plays in the continent’s energy supply.Europe moved with […]
Russia to Cut Oil Output in Response to Western Sanctions
Oil prices rose on Friday after Russia’s deputy prime minister, Alexander Novak, said that his country would cut production in March by 500,000 barrels a day — or about 5 […]
Saudi Arabia and Russia May Find Their Oil Pricing Power Limited
“Not that big a deal,” said Rusty Braziel, executive chairman of RBN Energy, another Houston consulting firm. But, he added, “an OPEC Plus cut will definitely impact the market, just […]
OPEC Plus Considering Major Production Cut to Prop Up Oil Prices
OPEC Plus, the oil producers’ group, is considering announcing a major cut in production when it meets on Wednesday, according to a person familiar with the thinking of Saudi Arabia, […]
An Israel-Lebanon Border Deal Could Increase Natural Gas Supplies
Israel and Lebanon have been at war since 1948, but the countries are close to an agreement that could increase production of natural gas, helping energy-starved Europe.Officials from the two […]