Kuwait announced last month that it planned to invest more than $6 billion in exploration over the next five years to increase production to four million barrels a day, from […]
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Back to news homeColonial Pipeline Hack Shows Risk to US Energy Independence
HOUSTON — When OPEC barred oil exports to the United States in 1973, creating long gasoline lines, President Richard Nixon pledged an effort that would combine the spirit of the […]
Why $4-a-Gallon Gas May Be Coming Your Way This Summer
HOUSTON — Even as oil and gasoline prices rise, industry executives are resisting their usual impulse to pump more oil out of the ground, which could keep energy prices moving […]
‘Is Exxon a Survivor?’ The Oil Giant Is at a Crossroads.
HOUSTON — Over the last 135 years, Exxon Mobil has survived hostile governments, ill-fated investments and the catastrophic Exxon Valdez oil spill. Through it all, the oil company made bundles […]
Oil Industry Expresses Concern, Not Alarm, About Biden Comments
HOUSTON — Joseph R. Biden Jr.’s promise that he would “transition” the country away from oil and natural gas might hurt him politically in Texas and Pennsylvania, but it did […]