Oil
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News
Oil Projects Must Consider Full Climate Impact, Top U.K. Court Rules
Previously, local council and planning groups in Britain had to weigh only the planet-warming emissions from their own operations.
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Business
OPEC Plans a Gradual Unwinding of Production Cuts
The group announced after its meeting on Sunday that it would be extending production cuts into 2025 and laid out…
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Business
OPEC to Meet Amid Signs of Waning Influence on Oil Prices
Major producers, including Saudi Arabia and Russia, are set to gather virtually on Sunday. They are expected to maintain production…
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Business
ConocoPhillips to Acquire Marathon Oil in $22.5 Billion Deal
The takeover is the latest in a wave of consolidation sweeping the oil industry, with the biggest players rushing to…
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Business
Another Big Oil Deal Despite Regulatory Pushback and Market Volatility
ConocoPhillips has agreed to buy Marathon Oil for $22.5 billion, as consolidation in the U.S. energy sector shows little sign…
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Business
Russia’s War Machine Revs Up as the West’s Plan to Cap Oil Revenues Sputters
Russia has largely evaded attempts by the U.S. and Europe to keep it from profiting from its energy exports.
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News
Ukraine Strikes More Russian Oil Facilities in a Bid to Disrupt Military Logistics
Analysts say Ukraine is trying to disrupt the Russian military’s logistical routes and combat operations by targeting the facilities that…
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Business
Oil Companies Expand Offshore Drilling, Pointing to Energy Needs
Shell and others say they plan to drill for oil and gas in the Gulf of Mexico in part because…
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Business
F.T.C. Clears Exxon Mobil’s Acquisition of Pioneer Natural Resources
The Federal Trade Commission will bar Pioneer’s chief executive, Scott Sheffield, from joining Exxon’s board, saying he colluded with OPEC…
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Business
ExxonMobil and Chevron Report Lower Earnings
Profits for the two oil giants, which are locked in a standoff over drilling off the coast of Guyana, were…