U.S. officials have been in talks with oil-producing countries in an effort to prevent global oil prices from rising sharply.
Tag: Production
An Israel-Lebanon Border Deal Could Increase Natural Gas Supplies
Offshore gas fields in the Mediterranean could become one of several new energy sources for European countries as they seek independence from Russia.
Europe’s Energy Crisis Forces Factories to Go Dark
Manufacturers are furloughing workers and shutting down lines because they can’t pay the gas and electric charges.
Will a Renewed Iran Nuclear Deal Cut Energy Prices?
A successful deal to restrain Iran’s nuclear program would mean that Washington lifts tough sanctions on Iran’s oil and gas exports. But it may already be too late for that to help this winter.
Can an Iconic Italian Wool Survive a Changing Economy?
Casentino cloth has been finished for centuries by workers in a remote Tuscan valley. Today they are threatened by eviction.
Stellantis Stops Car Shipments to and From Russia
The automaker has been making delivery vans in Russia, but its chief has said production is likely to halt because of a lack of parts.
Iraqi Minister Says High Oil Prices Could Speed the Shift to E.V.s
Whatever the short-term benefits for producers, the market upheaval could accelerate the transition away from oil, he says.
Russia’s Moves in Ukraine Unsettle Energy Companies and Prices
Oil and gas prices are up, and Western energy giants with operations and investments in Russia could find it harder to keep doing business there.
OPEC and Allies Agree to Raise Oil Output Amid Lagging Production
The group called OPEC Plus decided to increase oil output by 400,000 barrels a day, but its members have lately been falling short of production quotas.
As Western Oil Giants Cut Production, State-Owned Companies Step Up
In the Middle East, Africa and Latin America, government-owned energy companies are increasing oil and natural gas production as U.S. and European companies pare supply because of climate concerns.