Frackers Push Into Once-Dead Shale Patches as Oil Nears $100 a Barrel
Spurred by the highest oil prices in years, shale companies are moving drilling rigs back into oil fields that were...
Commodity Markets
Why High Gasoline Prices Could Stick Around for a While
Americans are paying about twice as much for gasoline now as they were early in the Covid-19 pandemic. And the...
Starbucks Sales Rise as Cost Pressures Increase at the Coffee Chain
Starbucks Corp. SBUX 0.45% said rising costs of supplies and wages will continue to weigh on the coffee giant’s profit...
Chevron Rakes in $15.6 Billion in Annual Profits as Oil Prices Climb
Chevron Corp. had its most profitable year since 2014, reporting Friday that it earned $15.6 billion in net income in...
Europe’s Industrial Firms Flash Warning on Energy Costs
Steelmakers, glass manufacturers and other energy-hungry businesses in Europe are calling on governments to take action to stop record gas...
EPA Trims Ethanol Mandate for Gasoline as Biofuel Pressures Pump Prices
WASHINGTON—The Environmental Protection Agency on Tuesday proposed reducing the amount of ethanol and other biofuels that must be blended into...
Demand for Oil, Gas to Remain Robust for Years, Energy Leaders Say
The leaders of the world’s largest oil companies said Monday that demand for the products they make will remain robust...
OPEC, Russia Agree to Keep Boosting Oil Output, Jolting Prices
OPEC and a group of Russia-led oil producers agreed to continue pumping more crude, sticking to their long-term plan despite...
U.S. Joins With China, Other Nations in Tapping Oil Reserves
WASHINGTON—The U.S. and five other countries including China will tap their national strategic petroleum reserves in an attempt to bring...
Biden Asks FTC to Examine Oil, Gas Companies’ Role in High Gasoline Prices
WASHINGTON—President Biden called on the Federal Trade Commission to investigate whether oil-and-gas companies are participating in illegal conduct aimed at...
Consumers Trade Rib-eye for Ground Beef as Grocery Prices Rise
Americans are cutting back on steak as rising grocery prices squeeze spending. Supermarkets say shoppers are buying more store-brand meat...
Oil Prices Have Topped $80. But Don’t Expect a Spending Bonanza from Shale Drillers
Shale companies are on track to spend a little more money pumping oil next year, but most aren’t opening up...
Iraqi Lawmakers Call for Probe Into GE, Siemens Electricity Contracts
Members of an Iraqi parliamentary commission are calling for an investigation into large power-generation contracts struck with General Electric Co....
Summer Road Trips, Falling Crude Prices Pump Up Refiners’ Profits
Summer road trips and a pullback in crude prices have pumped up refineries’ profits, offering brighter prospects for one part...
A Gold Mine Takeover Highlights Increasing Mining-Sector Risk
Canada’s Centerra Gold Inc. invested more than $3 billion over nearly three decades to turn a remote gold prospect in...
Starbucks, Facing Higher Costs, Pushes Upscale Coffee
Starbucks Corp. said higher labor and supply costs are likely to linger for months, adding that it is promoting higher-end...
The World’s Biggest Miner Picks Profit Over Production
SYDNEY— BHP Group Ltd. BHP -2.74% ’s chief executive earlier this year reminded investors that mining companies that bet big...
How China Is Helping to Damp Global Inflation
HONG KONG—As China’s factory-gate prices soared this year, investors worried the country would become a new source of inflation for...
