[ad_1] Russia’s invasion of Ukraine triggered global condemnation and harsh sanctions aimed at crushing Moscow’s war chest. Still, revenue from fossil fuels, Russia’s largest export by far, rose to recordRead More
Tag: Oil
Oil Giant Shell to Sell Renewable Energy to Texans
[ad_1] HOUSTON — Shell said on Tuesday it will begin selling electricity generated from renewable sources to residents and businesses in Texas, in a move that brings the European oilRead More
Biden Has ‘Only Bad Options’ To Drive Oil Prices
[ad_1] HOUSTON — When President Biden meets with Crown Prince Mohammed bin Salman in Saudi Arabia, he will follow in the footsteps of presidents like Jimmy Carter, who flew toRead More
Biden Administration Cancels Oil Drilling Sales in Alaska and Gulf
[ad_1] WASHINGTON — The Biden administration has canceled oil drilling lease sales in the Gulf of Mexico and Cook Inlet in Alaska, triggering angry backlash from accusing Republicans. President Biden’energyRead More
US Gas Prices Rise, But Oil Market May Signal Relief
[ad_1] As the summer driving season approaches, the national average price for regular gasoline rose to a nominal record $4.37 per gallon on Tuesday. But relief may be on theRead More
Oil Giants Sell Dirty Wells To Buyers With Loose Climate Goals, Study
[ad_1] When Royal Dutch Shell sold its stake in Nigeria’s Umuechem oil field last year, it was on paper a step forward for the company’s climate goals: It could cleanRead More
Oil Profits Rise, But The Industry’s Path Forward Remains Uncertain
[ad_1] The war in Ukraine has been good for oil companies. Look no further than Shell’s first-quarter earnings. It made record profits in the first three months of the year:Read More
Why Are Americans More Sensitive to Oil Price Surges?
[ad_1] More than a decade ago, when Americans faced rising prices at the pump, policymakers developed a vision to discourage people from gas and oil: more efficient cars, more compactRead More
Why Aren’t US Oil Companies Starting to Save Europe?
[ad_1] “The model has completely changed,” he said. Oil executives also argue that they spend a lot of money on new oil and gas production, but inflation undermines their efforts.Read More
Oil executives blamed for high gas prices
[ad_1] Executives of six major oil and gas companies will testify before a House committee that will ask tough questions about whether they are exploiting Russia’s invasion of Ukraine toRead More