OPEC Secretary General Mohammad Barkindo dies at age 63
Mohammad Barkindo, a Nigerian politician and the secretary-general of oil group OPEC, has died at the age of 63.
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Oil tumbles more than 8%, breaks below $100 as recession fears mount
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Russia is set to switch off the gas for work on a key pipeline — and Germany fears the worst
Russia is poised to temporarily shut down the European Union's single biggest piece of gas import infrastructure.
High U.S. gasoline prices weigh on demand as consumers start to feel the pinch, says analyst
Gasoline prices have been surging and close to an average $5 per gallon across the U.S., with consumers feeling the pain in the pump.
Biden opens the possibility of more offshore oil drilling in the Gulf of Mexico
Interior's oil-drilling proposal could allow 11 lease sales over the next five years, but includes an option for the administration to conduct no sales.
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.
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.
