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The divergence has surprised some on Wall Street, as sputtering crude prices threaten to undermine producersโ profits.
The divergence has surprised some on Wall Street, as sputtering crude prices threaten to undermine producersโ profits.
More than a dozen massive oil tankers are stuck near the exit to the Black Sea, the first noticeable disruption to global energy markets after the West imposed a price cap on Russian crude.
A draft of the proposal released by Gov. Gavin Newsom laid out a framework that would set an annual maximum profit margin for oil refiners.
Patient investors can see patterns common to previous traumatic markets, and be rewarded for doing so
Two substations were disabled by gunfire Saturday night in a targeted act of vandalism. Authorities donโt have any suspects and havenโt determined a motive for the attack.
Major indexes fell after new readings on service-sector activity and factory output suggested the economy remains resilient.
The West imposed sanctions on Russian crude, pitching the energy conflict with Moscow into an unpredictable new phase that could inject further volatility into global oil markets.
After Russia throttled gas to the nation, washcloth wipe-downs and unheated pools; turning down the Christmas lights
High prices, renewable-fuel credits and new tax breaks have energy companies racing to turn landfill emissions into fuel.
In contrast to the U.S., retail sales in Europe fell sharply as consumers were hit by significantly higher heating and electricity bills.
Whether the worldโs biggest crude exporter succeeds in skirting new harsh sanctions starting Monday depends on a non-Western aligned fleet.
The constant repairs to damage caused by Russian strikes have led to a critical shortage of everything from transformers to cables.
A low ceiling on the price of Russian oil could encourage the Kremlin to disrupt energy markets further.
The worldโs tiny fleet of floating storage and regasification vessels is suddenly in high demand as the EU rushes to import more LNG.
Secretary of State Antony Blinken said Western countries would step up support for Ukraineโs power sector and remain united against efforts by Russian President Vladimir Putin to divide Europe over energy supplies.
Gasoline prices have receded, but heating costs will be the next source of sticker shock, depending on where you live.
The 13-member group and other big oil producers are likely to decide to keep output levels flat at their meeting Sunday, the groupโs delegates said.
French President Macronโs visit to the U.S. is likely to focus on trade and geopolitical concerns, as European officials have started to express frustration at their increasing reliance on the U.S. for security and economic stability.
Thousands of containers have been detained by U.S. Customs and more have been held back or diverted from U.S. ports due to a new law targeting labor abuses in China.
It is the latest move by a major oil and gas company to push into renewable fuels.
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