Oil Market Takes Russian Price Cap in Stride

[ad_1] Markets Commodities Oil Markets It is too soon to say whether the cap will succeed in stifling Russian oil revenue, but so far sanctions have avoided causing a surge…

Opinion | How Progressives Enrich Oil Companies

[ad_1] Net-zero goals will remain unrealistic absent permit reform. [ad_2] Source link

The Five-Year Engineering Feat Germany Pulled Off in Months

[ad_1] WILHELMSHAVEN, Germany—In March, the German government asked energy companies to weigh a seemingly impossible engineering task. Could a new liquefied natural gas import terminal, which normally takes at least…

High Oil Prices Lift Saudi Arabia, Bolster Prince’s Economic Plans

[ad_1] World Middle East A bonanza of extra revenue shows how high crude prices are benefiting the Persian Gulf’s resource-rich economies [ad_2] Source link

Oil Price Cap Triggers Tanker Traffic Jam in Turkish Straits

[ad_1] More than a dozen massive oil tankers are stuck near the exit to the Black Sea, the first noticeable disruption to global energy markets after the West imposed a…

Oil Prices and Energy Stocks Are Headed in Different Directions. What Gives?

[ad_1] Markets Finance The divergence has surprised some on Wall Street, as sputtering crude prices threaten to undermine producers’ profits [ad_2] Source link

Opinion | Pursuit of Power Unites China’s Xi and Saudi Arabia’s MBS

[ad_1] Both men think American decline gives them the chance to play a leading role in world affairs. [ad_2] Source link

OPEC+ to cut oil production by 2m barrels a day to ‘boost prices’

[ad_1] The OPEC+ alliance of oil-exporting countries decided Wednesday to sharply reduce its oil production in an attempt to “boost prices”. Energy ministers cut production by a larger-than-expected two million…

Ukraine war: What more could the US do to tighten sanctions on Russia?

[ad_1] The United States has imposed several rafts of sanctions on Russia over its invasion of Ukraine in February, targeting its central bank, major lenders, oligarchs, and Russian president Vladimir…

OPEC and Russia oil cut deals promise to address supply glut

[ad_1] Faced with a supply glut that has dramatically pushed down prices, oil producing countries from around the world have pledged to cut output and to “rebalance the market”. It…