Europe is set to ramp up its oil war against Russia — and markets are bracing for more disruption
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.
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.
Sanctions on Russian crude oil have ‘failed completely,’ oil analyst says Read More »
A combined 13,652 claims are asking Shell to take responsibility for the loss of their livelihoods.
More than 13,000 Nigerian residents take Shell to court over oil spills Read More »
The extraordinary scale of the industry’s earnings has renewed criticism and sparked calls for a Big Oil windfall profit tax.
Oil giant Shell posts highest-ever annual profit of nearly $40 billion Read More »
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.”
Beware of tech stocks — these cash-rich names are a better bet, analysts say Read More »
The Biden administration has 30 days to issue a final decision on whether to approve the Willow oil drilling project in Alaska.
Biden administration moves toward approval for major Alaska oil drilling project Read More »
Big Oil companies led by ExxonMobil and Chevron are paying shareholders bigger buybacks and dividends, evidence their outlook on oil prices is confident.
ExxonMobil, Chevron’s big cash shows cheap gas isn’t coming back Read More »
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.
OPEC+ committee recommends no change in oil output policy at virtual meeting Read More »
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
House Republicans pass bill to limit drawdowns on Strategic Petroleum Reserve Read More »
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