Policies

It is thought that the EU’s forthcoming embargo on Russian petroleum products will be both more complex and more disruptive than what has come before.

Sanctions imposed on Russian crude oil have so far have “failed completely” and new price caps could prove immaterial as well, analysts told CNBC.

A combined 13,652 claims are asking Shell to take responsibility for the loss of their livelihoods.

The extraordinary scale of the industry’s earnings has renewed criticism and sparked calls for a Big Oil windfall profit tax.

Analysts say companies with pricing power are a safer bet than tech, given that inflation is expected to stay high and the uncertainty around a Fed “pivot.”

The Biden administration has 30 days to issue a final decision on whether to approve the Willow oil drilling project in Alaska.

Big Oil companies led by ExxonMobil and Chevron are paying shareholders bigger buybacks and dividends, evidence their outlook on oil prices is confident.

A technical committee of the influential OPEC+ oil producers’ coalition has made no recommendation to change the group’s existing production policy in its latest meeting, according to three delegates.  

Norway’s sovereign wealth fund on Tuesday reported a record loss of 1.64 trillion kroner ($164 billion) in 2022.

The Strategic Production Response Act requires agencies to lease federal land for oil and gas drilling to offset draws from the SPR. It’s unlikely to become law