U.S., IEA Agree to Release 60 Million Barrels From Oil Stockpiles Amid Ukraine Turmoil
The U.S. and other major oil-consuming nations said Tuesday they would release 60 million barrels of oil from their emergency...
Energy Markets
The West’s Sanctions Barrage Severs Russia’s Economy From Much of the World
Western nations dropped economic sanctions of historic scale on Russia that are hobbling its financial system and effectively reversing 30...
Russia Sanctions Over Ukraine Largely Spare Energy Sector, Vital to Europe
The West is rolling out increasingly tough sanctions on Russia but it is going out of its way to preserve...
Truckers Face Further Fuel Price Increases on Crude Markets Volatility
Trucking companies already coping with higher fuel costs are bracing for further increases in prices for diesel as Russia’s invasion...
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...
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...
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...
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...
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...
