OPEC says oil industry unjustly vilified ahead of COP28
OPEC has refused to switch to bigger output increases as group sources have cited a lack of spare capacity among members to add more barrels as well as the need …
Oil and Gas
UAE reportedly planned to use COP28 to lobby for oil deals
The president of the upcoming COP28 climate change Sultan Ahmed al-Jaber speaks during the Abu Dhabi International Petroleum Exhibition at ADNEC Exhibition Center October 2, 2023. Jaber told an Abu …
Oil and gas industry needs to let go of carbon capture as solution to climate change, IEA says
The Gorgon liquefied natural gas (LNG) and carbon capture and storage (CCS) facility, operated by Chevron Corp., on Barrow Island, Australia, on Monday, July 24, 2023. Bloomberg | Bloomberg | …
Oil group OPEC and its allies delay policy-setting meeting
Opec logo displayed on a smart phone with Opec seen in the background, in this photo illustration. On 10 September 2023. In Brussels, Belgium. (Photo illustration by Jonathan Raa/NurPhoto via …
U.S. gas prices are falling and could hit the cheapest Thanksgiving day price since 2020
Gas prices at a Chevron gas station in Newhall, CA. Monday, September 18, 2023. The average price of a gallon of regular gas in Los Angeles County rose 4.8 cents …
Coal use needs to be cut faster to meet emissions target, analysis
A coal-fired power plant in Indonesia. Aditya Aji | AFP | Getty Images Efforts to restrict global warming to 1.5 degrees Celsius are failing “across the board” — and major …
With oil under pressure, Cramer says now is the time to buy Coterra
Oil and natural gas prices tumbled further Thursday, dragging down Club holding Coterra Energy (CTRA) and other energy stocks along the way. And that’s created a prime opportunity to do …
Treasury hunt for Russian oil sanction violators on seas intensifies
A Russian-chartered oil tanker in the sea off Morocco in an area identified by maritime technology company Windward as a hub for smuggling oil. Europa Press | Getty Images The …
U.S. crude prices fall nearly 4% as inventories rise amid demand worries
An aerial view of a crude oil storage facility is seen on May 4, 2020 in Cushing, Oklahoma. Johannes Eisele | Afp | Getty Images U.S. crude prices fell nearly …
Moody’s downgrade won’t dent the Treasury market
Visitors outside the US Treasury building in Washington, DC, US, on Tuesday, Aug. 15, 2023. Nathan Howard | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, …