OPEC+ sticks with planned oil production hike as supply concerns weigh on energy markets
OPEC+ has been slowly returning the nearly 10 million barrels per day it agreed to pull from the market in April 2020.
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French oil major ramps up discount on gasoline prices for millions of motorists
French oil major TotalEnergies on Thursday announced a discount on fuel prices at nationwide highway stations for the summer holiday season.
China continues to snap up Russian coal at steep discounts
Shipments of Russian coal to China continued to rise in May and June compared to last year, new data from S&P Global Market Intelligence showed.
Europe's plans to replace Russian gas are deemed 'wildly optimistic' — and could hammer its economy
Europe's best shot at replacing Russian gas imports this year is expected to miss the mark.
California plans to send 'inflation relief' payments of up to $1,050. Will other states follow?
Millions of California residents may receive checks of up to $1,050 under a new plan. But don't count on other states to take Sacramento's lead.
Total shutdown of Russian gas pipelines to Europe 'is not inconceivable'
As pressure mounts on Russia, Europe is facing “a very tight situation,” says Jeffrey Schott analyst at the Peterson Institute for International Economics.
Exxon Mobil CEO Darren Woods concerned abrupt energy transition will raise gas prices
The CEO of Exxon Mobil cautions against an abrupt energy transition, warning underinvestment will lead to high gas prices.
Every new passenger car sold in the world will be electric by 2040, says Exxon Mobil CEO Darren Woods
Exxon Mobil is planning for all new passenger vehicles sold to be electric by 2040.
How much money gas tax holidays save drivers: What we know based on 3 states' efforts
State gas tax holidays resulted in savings that were “mostly passed on to consumers,” research finds. Experts say the results of a federal plan may be limited.
Exxon Mobil CEO Darren Woods calls for a higher price on carbon
The CEO of Exxon Mobil would like the government to increase the carbon price to encourage renewable energy innovation.
