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...
Energy
China is joining the US and other countries in tapping emergency oil reserves
The White House announced Tuesday that the United States would release about 50 million barrels from its Strategic Petroleum Reserve,...
SoftBank Suffers $54 Billion Bruise From China’s Tech Crackdown
TOKYO— SoftBank Group Corp. took a more than $50 billion beating from Beijing’s tech crackdown, but its leader said he...
BHP to Sell Controlling Stake in Two Coal Mines for Up to $1.35 Billion
ADELAIDE, Australia— BHP Group Ltd. said it would sell its controlling interest in two metallurgical coal mines to Stanmore Resources...
Wind Manufacturers Blown Off Course
Wind turbine makers continue to struggle due to supply-chain woes and uncertainty over the future of federal tax credits, so...
WSJ News Exclusive | Rivian Automotive Targets IPO Valuation Just Above $60 Billion
Rivian Automotive Inc. is seeking a valuation in a range just above $60 billion in its initial public offering next...
Carbon Offsets Are Used by Companies Seeking ‘Net Zero,’ but Concerns Persist
Companies are snapping up carbon offsets, but the patchwork of informal markets serving that appetite lack consistent standards and oversight,...
California Scrambles to Find Electricity to Offset Plant Closures
California is racing to secure large amounts of power in the next few years to make up for the impending...
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...
BHP Considers Sale of $15 Billion-Valued Petroleum Business
SYDNEY— BHP Group Ltd. , the world’s biggest mining company, said it is considering the sale of its petroleum business,...
Behind the Rise of U.S. Solar Power, a Mountain of Chinese Coal
Solar panel installations are surging in the U.S. and Europe as Western countries seek to cut their reliance on fossil...
Exxon, Chevron Report Billions in Profits but Plan to Keep Spending Tight
Big oil companies are raking in their highest profits since the onset of the coronavirus pandemic, but they plan to...
Chevron Foe Steven Donziger Found Guilty of Contempt in Ecuador Saga
Disbarred attorney Steven Donziger was found guilty of six counts of criminal contempt of court, the latest twist in a...
Apple, Amazon, Tesla Among the Giants Set to Post Results
Corporate giants from Apple Inc. to Visa Inc. are expected to report their financial results over the coming week, giving...
Tesla CEO Elon Musk Says He Personally Owns Bitcoin—and So Does SpaceX
Elon Musk didn’t specify the size of his personal bitcoin holding or that of SpaceX. Photo: Samuel Corum/Bloomberg News Tesla...
SEC Wants More Climate Disclosures. Businesses Are Preparing for a Fight.
WASHINGTON—The Securities and Exchange Commission is preparing to require public companies to disclose more information about how they respond to...
Federal Judge Stops Biden Administration From Blocking New Oil and Gas Leases
A federal judge in Louisiana issued a preliminary injunction blocking the Biden administration from pausing new oil and gas leases...
Chinese Nuclear Plant Flags Performance Issue, French Part Owner Says
French power giant Électricité de France SA said it had requested an extraordinary board meeting with Chinese managers of a...
