American oil production is hitting record levels, delivering economic and foreign policy benefits but putting environmental goals further out of reach.
Tag: Prices (Fares, Fees and Rates)
In a Shaky Oil Market, OPEC Has Bitter Decisions to Make
Anticipating a drop in demand for 2024, major producers, led by Saudi Arabia, are trying to reduce supply.
Meta Will Charge up to €12.99 for Ad-Free Versions of Facebook and Instagram in Europe
Starting in November, subscriptions will cost between 9.99 euros and 12.99 euros per month, the company said.
Middle East War Could Cause Oil Price Shock, World Bank Warns
A new report outlined how a major escalation of the conflict between Israel and Hamas could fuel a new bout of inflation.
Biden Seeks to Tame Oil Prices if Mideast Conflict Sends Them Soaring
The president has previously drawn down the Strategic Petroleum Reserve to ease price pressures, but that could be more difficult now
Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns
Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.
U.S. Clamps Down on Russian Oil Sales With New Sanctions
Finance ministers from the Group of 7 pledged more support for Ukraine and condemned Hamas.
Fragile Global Economy Faces New Crisis in Israel-Gaza War
A war in the Middle East could complicate efforts to contain inflation at a time when world output is “limping along.”
Former Americans Who Gave Up Their Citizenship Want Their Money Back
Former U.S. citizens who live abroad have filed a class-action lawsuit saying the $2,350 fee to relinquish their nationality was exorbitant.
Russia’s Interest Rate Hike Highlights Economic Struggle Amid Ukraine War
With the third-largest interest rate increase in a decade to shore up the ruble, Moscow’s policymakers are pursuing the conflicting goals of paying for the war against Ukraine and taming inflation.