The U.S. benchmark oil price fell to about $80 a barrel on Friday, and gasoline prices in some states are now close to $3 a gallon.
Tag: Oil (Petroleum) and Gasoline
What to Expect From the U.K.’s Budget Proposals Today
Tax increases and spending cuts are expected as the government tries to stabilize its finances and reassure financial markets.
A Clash at Climate Talks: Should Nations Keep the 1.5-Degree Goal?
The mantra has been: Limit global warming to 1.5 degrees Celsius or risk climate catastrophe. But at COP27, there are concerns about backsliding.
A Clash Over Degrees: How Hot Should Nations Allow the Earth to Get?
The mantra has been: Limit global warming to 1.5 degrees Celsius or risk climate catastrophe. But at COP27, there are hints of backsliding.
In Colombia, Drilling Pays the Bills. The Country’s Leaders Want to Quit Oil.
The president says oil is his economy’s worst addiction. Phasing it out would be a global first for a major oil producer.
Countries Made Bold Climate Promises Last Year. How Are They Doing?
At last year’s U.N. climate summit in Glasgow, world leaders pledged to halt deforestation, phase out fossil fuel subsidies and offer up more climate aid. Following through has been tough.
Even as Challenges Mount, Europeans Stick by Ukraine
Inflation and anxiety over nuclear weapons may be eating into some popular support for the war, but key governments remain insulated from the pressures for now.
Five Ways Sanctions Are Hitting Russia
Russia’s economy and residents have taken a battering, but the government continues to reap big revenues from energy sales. A partial European embargo on oil takes effect in December.
Can a Nation Replace Its Oil Wealth With Trees?
Gabon knows its oil won’t last forever, so officials are turning to the Central African nation’s rainforest for revenue — while also promising to preserve it.
Will One Tuscan Port Stall Italy’s Drive for Energy Independence?
The residents of tiny Piombino understand the need to replace Russian gas imports. They just want a huge regasification vessel anchored somewhere else.