Oil futures lost ground Tuesday as investors remained uncertain about the outlook for crude demand from China. Price action West Texas Intermediate crude for December delivery CL00, -1.02% CL.1, -1.02% Read more
Tag: Oil
Al Gore at COP27: ‘Choose life over death’ by ending oil and gas reliance
“Leaders must ‘choose life over death’ and end the use of fossil fuels.” That’s former U.S. vice president and onetime presidential hopeful Al Gore, whose nearly two-decade focus on combating Read more
U.S.’s Kerry wants to tap companies to fund developing world’s fossil fuel exit
The U.S. reportedly wants to launch a carbon credit program to tap the might of the world’s largest companies to fund a transition off coal, especially, but also oil and Read more
Oil ticks lower as hopes fade for China’s relaxation of COVID restrictions
Oil futures ticked lower early Monday, with weakness tied in part to fading hopes China would relax curbs aimed at curtailing the spread of COVID-19. Price action West Texas Intermediate Read more
U.S. oil benchmark tops $90 a barrel on China reopening hopes
Oil futures rose early Friday, on track for weekly gains, as market bulls looked for signs China may soon move to ease COVID restrictions and allow economic growth to revive. Read more
Oil slumps as fears rise Fed rate hikes will crimp crude demand, dollar jumps
Oil fell Thursday, losing ground on fears aggressive tightening by the Federal Reserve will tip the economy into recession, while the U.S. dollar rose sharply. Price action West Texas Intermediate Read more
This oil company is America’s hottest stock. Why won’t its CEO pump more oil?
Vicki Hollub’s Occidental Petroleum controls the biggest piece of the most important area for oil production in the United States. Not so long ago, an oilman in a position like Read more
This oil company is America’s hottest stock. Why won’t its CEO pump more oil?
Vicki Hollub’s Occidental Petroleum controls the biggest piece of the most important area for oil production in the United States. Not so long ago, an oilman in a position like Read more
Opinion: Oil companies can’t just ‘drill baby drill’ at will. Here’s what it really takes to ramp up energy production.
As energy prices rage, President Biden and Republicans have urged companies to increase drilling to lower oil and gasoline prices from 14-year highs. But it’s not that simple. Even after Read more
Oil rises as dollar softens, traders eye China COVID policy
Oil futures rose Tuesday, looking to build on an October gain, as the U.S. dollar pulled back and unconfirmed rumors circulated that China may ease COVID curbs. Price action West Read more