OPEC Plus will extend its cuts until at least December. Demand has weakened, and other countries, including the United States, are expected to continue to increase production.
Tag: Oil (Petroleum) and Gasoline
Russians Bomb Kharkiv, Ukraine Says, After Russia Reports Wave of Attacks
Ukraine said Russia struck the country’s second-largest city with missiles and bombs. Russian state media and local officials earlier reported that Ukraine attacked power plants and refineries with drones.
Why Oil Prices Remain Subdued
Despite war in the Middle East and political turmoil in Libya, investors are focusing on what look like ample global supplies.
An Oil Tanker Is Stuck in the Red Sea After a Houthi Rebel Attack: What to Know
The MV Delta Sounion was carrying a million barrels of crude oil when it was attacked by Houthi rebels. On fire and crewless, it now poses an environmental risk.
Mexico’s President Bet Big on Oil. His Successor Will Be Stuck With the Tab.
Mexico’s next leader, Claudia Sheinbaum, is a climate scientist who has signaled a clean energy pivot. But a huge wager on fossil fuels by her political mentor stands in her way.
Crew Rescued, but Oil Tanker Attacked in Red Sea Is ‘Environmental Hazard’
The incident appeared to be the most serious in weeks involving commercial shipping off Yemen’s coast. It was not clear whether any oil was leaking.
Inside Azerbaijan, Host of COP29
In Azerbaijan, the causes and effects of climate change are on vivid display and the painful trade-offs needed to fight it are acutely felt.
Fact-Checking the Republican National Convention on Energy Claims
Several speakers focused on the sharp rise in gas and electricity prices under President Biden. We scrutinized their statements.
J.D. Vance Is an Oil Booster and Doubter of Human-Caused Climate Change
He once said society had a climate problem but changed his position sharply while seeking Donald Trump’s endorsement in his Senate race.
Climate Activists in New York Protest Citibank and Other Backers of Big Oil
Amid soaring temperatures, hundreds of activists are staging boisterous blockades and solemn marches at banks and insurers that support fossil fuel projects.