Oil

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US points to $400 billion in climate subsidies US unveils rules to cut own methane output Major fossil firms pledge to cut emissions from own operations 56 countries commit to accelerating decarbonisation of industry

An oil pump jack is seen in the Loco Hills region, New Mexico, U.S., April 6, 2023. REUTERS/Liz Hampton/File Photo Acquire Licensing Rights Dec 2 . . .

Russian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights

OPEC is facing growing challenges in its efforts to boost oil prices amid record output outside the alliance, particularly in the U.S., raising questions about how long the alliance can maintain its deep production cuts. OPEC and its allies, OPEC+, failed to reach a unanimous agreement Thursday on cuts, even after delaying the meeting by […]

U.S. Secretary of Energy Jennifer Granholm, flanked by U.S. Rep. Garret Graves (LA-06), U.S. Rep. Troy Carter (LA-02) and Governor of Louisiana John Bel Edwards, speaks during a news conference at the Strategic Petroleum Reserve site at Bayou Choctaw, Louisiana, U.S. May 24, 2022. REUTERS/Jonathan Bachman/File Photo

American oil fields are gushing again. Only three years after U.S. oil production collapsed during the pandemic, energy companies are cranking out a record 13.2 million barrels a day, more than Russia or Saudi Arabia. The flow of oil has grown by roughly 800,000 barrels a day since early 2022 and analysts expect the industry […]

Earnings Beat Sends Salesforce Shares Soaring in Extended Trading 2 minutes ago Shares of Salesforce (CRM) jumped in extended trading after the enterprise software company’s

A work brigade sponsored by Venezuelan state-run oil company PDVSA, which critics blame for the oil spills, use shovels and rakes to remove congealed petroleum from a Lake Maracaibo beach. John Otis for NPR hide caption toggle caption John Otis for NPR A work brigade sponsored by Venezuelan state-run oil company PDVSA, which critics blame […]

An oil and gas industry worker walks during operations of a drilling rig at Zhetybay field in the Mangystau region, Kazakhstan, November 13, 2023. REUTERS/Turar Kazangapov/File Photo Acquire Licensing Rights

A general view of the Phillips 66 Company’s Los Angeles Refinery, which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, in Carson, California, U.S., March 11, 2022. Picture taken March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan/File Photo


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