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...
natural gas
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...
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...
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...
EU Support Grows for Russia Oil Ban Over Ukraine War
Support for a European Union-wide ban on the purchase of Russian oil is growing inside the bloc, according to diplomats...
Oil Industry Contemplates World Without Russian Crude
As oil prices shoot to levels unseen since before the 2008 financial crisis, the energy industry is asking a previously...
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...
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...
U.S., EU Sanctions on Russia Could Ensnarl Western Oil Companies
LONDON—Some of the West’s biggest oil companies could find themselves in the crosshairs of sanctions now being drafted by their...
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...
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...
