EU Sees Economic Contraction if Russian Gas Supplies Are Halted
The European Union’s economy would likely contract during the remainder of this year if supplies of natural gas from Russia...
Energy
Saudi Aramco Posts Record Quarterly Profit on Surging Oil Prices
DUBAI—Saudi Aramco posted a record quarterly profit on Sunday, as the oil giant benefits from surging oil prices following Russia’s...
Oil Prices Top $100, Yet Some Big U.S. Frackers Let Their Production Fall
Oil prices are at their highest in years and politicians want companies to pump more. But most large American frackers...
EU Proposes Ban on Russian Oil Imports
BRUSSELS—The European Union proposed a ban on imports of Russian crude oil within six months and on refined oil products...
BP Takes $25.5 Billion Hit From Russia Exit
BP BP 0.49% PLC took a $25.5 billion pretax accounting charge related to its decision to exit its Russia holdings,...
EU Prepares Ban on Russian Oil
The European Union is likely to propose ending purchases of Russian crude oil by the 27-country bloc before the end...
Tariff Probe Casts Shadow on U.S. Solar Build-Out
American utilities are anticipating a significant slowdown in the build-out of new solar farms amid a U.S. probe into Asian...
Exxon and Chevron, Buoyed by High Oil Prices, Shower Investors With Cash
Big oil companies are continuing to reap the benefits of high commodity prices but aren’t backing off plans to reward...
Consumer Brands Push for Clean-Energy Tax Credits
More than 40 companies, including consumer brands such as Airbnb Inc., ABNB 1.47% Lyft Inc., LYFT 2.26% Sierra Nevada Brewing...
Greenpeace activists tried to block a Russian oil tanker heading to Norway
The Ust Luga — loaded with Russian jet fuel worth $116 million — was on its way to Slagentangen port,...
A Different Kind of Solar Power Attracts Attention
When you think of solar energy, you probably picture the photovoltaic panels that capture sunlight to be converted to electricity....
How Goldman Sachs Is Encouraging Companies to Disclose Emissions Data
Companies are facing more stringent environmental, social and governance requirements leading into proxy season.The Securities and Exchange Commission recently proposed...
Biden Administration Restores Stricter Environmental Reviews
WASHINGTON—The Biden administration is restoring stricter environmental standards for approving new pipelines, highways, power plants and other construction projects, including...
Biden Administration Resumes Oil Leases on Federal Land
WASHINGTON—The Biden administration announced lease sales for oil and gas drilling on federal land Friday, but said it would sharply...
Amazon is adding a 5% fuel and inflation surcharge
The e-commerce giant said the new fee will begin April 28 and is being imposed because inflation has worsened significantly...
More oil, nuclear power and wind: How the UK plans to tackle the energy crisis
Unveiling its new Energy Security Strategy on Wednesday, the government set out plans to generate 95% of Britain's electricity from...
Europe Faces Pressure to Dial Up Sanctions on Russia Over Ukraine Deaths
BERLIN—French President Emmanuel Macron’s call Monday for sanctions banning imports of Russian oil and coal into the European Union following...
Biden to Draw Down Oil Reserves in Bid to Ease Gas Prices
WASHINGTON—President Biden will tap up to 180 million barrels of government oil reserves to help tamp down near-record high fuel...
How High Energy Prices Could Help Both the Climate and the U.S.
The surge in global energy prices triggered by Russia’s invasion of Ukraine sure doesn’t seem like any sort of blessing....
Gas prices are high. Oil CEOs reveal why they’re not drilling more
Fifty-nine percent of oil executives said investor pressure to maintain capital discipline is the primary reason publicly traded oil producers...
