OPEC+ Meeting Delayed Amid Dispute Over Output Quotas for African Members
The OPEC+ coalition, comprising 23 oil-producing nations, has postponed a meeting to finalize output levels for 2024 by four days to November 30.
Oil Prices Retreat as OPEC+ Meeting Looms Amid Supply Cut Speculations
Oil prices dipped ahead of the scheduled OPEC+ meeting where discussions about potential supply cuts were expected.
Oil Industry Flourishes Post-Paris Agreement Despite Climate Efforts
Eight years after the Paris Agreement, the oil industry is thriving, with rising profits and record production levels, especially in the United States.
Sinopec Breaks Record with Deepest Onshore Well in Asia, Boosting China's Energy Exploration
China Petroleum & Chemical Corporation (Sinopec) has achieved the first oil and gas flows from Asia's deepest onshore well, the Yuejin 3-3XC well in the Tarim Basin, Xinjiang Uygur autonomous region.
Iraq's Support for OPEC+ Cuts Boosts Oil Prices, but Weekly Declines Continue Amid Demand Concerns
Oil prices rose by approximately 2% as Iraq expressed support for OPEC+'s oil production cuts ahead of an upcoming meeting.
Fossil Fuel Giants on Track to Double Production, Exceed Climate Thresholds, UN-Backed Report Warns
A United Nations-backed report reveals that major fossil fuel-producing countries, including the United States, Russia, and Saudi Arabia, are on course to produce twice the amount of fossil fuels that exceed critical global warming thresholds by the end of this decade.
Warren Buffett Boosts Occidental Petroleum Stake Despite Anticipated Q3 Profit Plunge
Warren Buffett-backed Occidental Petroleum (OXY) is set to report its third-quarter earnings, with analysts expecting a more than 60% drop in quarterly profit.
Intensive Search Underway for Trapped Man in Collapsed Kentucky Coal Building
Rescuers are intensively searching for a man trapped beneath the debris of a collapsed coal processing building in rural Kentucky, with hopes of finding him alive, despite one worker being declared dead in the incident.
Fatal Collapse at Eastern Kentucky Coal Plant Leaves One Worker Dead, Another Trapped
Tragedy strikes as at least one worker has died and another remains trapped in the collapsed coal preparation plant in Eastern Kentucky.
Chevron's Stock Decline Shrinks Value of Hess Acquisition Offer by $6.5 Billion
Chevron's stock decline following an earnings miss has reduced the value of its all-stock acquisition offer for Hess Corp. by approximately $6.5 billion.
Chevron and Exxon Bet Big on Oil and Gas With Multi-Billion-Dollar Acquisitions
Chevron and Exxon are making significant acquisitions in the oil and gas industry despite growing global momentum toward clean energy.
Chevron Acquires Hess in $53 Billion Deal, Gaining Access to Guyana's Oil Reserves
Chevron has agreed to purchase U.S. oil and gas producer Hess in an all-stock deal valued at $53 billion.
Biden Administration Proposes Gulf of Mexico Oil and Gas Lease Sales Amid Climate Balancing Act
The Biden administration has proposed up to three oil and gas lease sales in the Gulf of Mexico but none in Alaska, aiming to strike a balance between energy production and climate concerns.
Gasoline Prices Soar in California Due to Crude Oil Costs and Refinery Disruptions
Gasoline prices in California have surged to an average of $6.08 per gallon, up 15% from a month ago, largely due to a spike in crude oil costs and refinery output disruptions.
UK Approves Equinor's Rosebank Oil Project Amid Environmental Concerns
The UK has given the green light for Equinor's North Sea Rosebank oil and gas project, emphasizing energy security despite opposition from environmentalists.
Seismic Evidence Unveils Further Details of Nord Stream Pipeline Attack, Pointing to Potential Ukrainian Involvement
Seismic evidence has revealed new details about the explosions linked to the attack on the Nord Stream pipelines.
’Dark' Ships Deceive Locations to Move Billions in Oil Globally
A growing number of ships are manipulating their reported locations for illicit activities, potentially involving goods worth billions of dollars.
Rising Oil Prices Push Up Gas Costs for US Drivers, Aiding Russia's War Effort
Rising oil prices are impacting consumers, complicating the global fight against inflation, and contributing to Russia's war chest.
From Outlaw to Efficiency Expert: Joel Morrow's Journey to Fuel Savings in Trucking
Joel Morrow, a truck driver, transitioned from being a "quintessential outlaw" in the trucking industry to becoming one of the foremost efficiency experts, achieving impressive fuel efficiency.
Europe's Alarming Air Pollution Crisis: 98% Exposed to Dangerous Levels
Europe is grappling with a severe public health crisis as nearly everyone on the continent resides in areas plagued by dangerous air pollution levels, according to an investigation by The Guardian.