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Saudi Arabia and Russia Are at Loggerheads Again, But OPEC Meeting ‘Unlikely to Ruin the Oil Party'
Analysts broadly expect OPEC+ to hike output from current levels, but questions remain over how much exactly and which countries will be affected.
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Crown Prince's Actions in Khashoggi Killing Leave Saudi Fund Vulnerable, Ex-Obama Official Says
The Saudi crown prince’s actions in the killing of Khashoggi might have left the kingdom’s sovereign wealth fund vulnerable to consequences.
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Biden Stresses Human Rights in Call With Saudi King Before Report on Khashoggi Killing Released
The U.S. is preparing to release an intelligence assessment that will reportedly implicate Saudi Crown Prince MBS in the killing of Jamal Khashoggi.
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Chevron CEO on Modern Leadership: You Can't Be Afraid to Make Yourself Heard
Investing in a cleaner future “is not a cliff that will occur abruptly,” Chevron’s Mike Wirth told CNBC. “This will be an evolution more than a revolution.”
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The Texas Winter Storm May Drive Up Gasoline Prices Across the Country
The Texas freeze is expected to push gasoline prices up across the U.S. by about 10 cents per gallon within the next couple of days.
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Oil Hits Pandemic High as Winter Storm Pushes Demand and Poses Production Risk
Freezing weather sparked another rally in energy and put oil on pace to settle above $60 for the first time since the early days of the Covid-19 pandemic.
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After Oil Hits 13-Month High, Energy Analyst Warns Prices May Be ‘Too Frothy'
After a 23% rally so far this year, one top energy expert warns the commodity may have gotten ahead of itself.
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Oil Giant Shell Says Its Carbon Emissions and Oil Production Have Peaked
It comes at a time when the oil and gas industry is under immense pressure to dramatically speed up its plans to pivot away from fossil fuels.
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The Gulf Blockade's End Offers an Economic Boost for Middle East, But Recovery Will Be Uneven: IMF
Recovery will be varied and based largely on countries’ investments and strategies for vaccine distribution, the IMF’s Jihad Azour told CNBC.
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Big Oil CEO Says Going Green ‘Will Have a Cost for Everybody' — and Governments Need to Explain That
His comments come at a time when the global oil and gas industry is under immense pressure to pivot away from the burning of fossil fuels.
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An Industry ‘Operating on Borrowed Time': Energy Experts on the Increasing Risks Ahead for Big Oil
It comes as oil and gas supermajors seek to reassure investors about a return to profitability in the coming months.
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BP Reports Its First Full-Year Loss in a Decade After ‘Brutal' Year
The firm’s results come as energy companies attempt to prove to investors that they have gained a more stable footing on stronger commodity prices.
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Chevron and Exxon Discussed Merger Last Year After Covid Pandemic Devastated Oil Prices, Reports Say
The CEOs of Chevron and ExxonMobil last year discussed the possibility of merging the two companies, The Wall Street Journal reported Sunday.
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Biden: ‘We Can't Wait Any Longer' to Address Climate Crisis
President Joe Biden says “we can’t wait any longer″ to address the climate crisis, and that’s driving his ambitious effort to stave off the worst effects of global warming
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Biden Signs Executive Orders to Tackle Climate Crisis
President Joe Biden on Wednesday signed executive orders aimed at combatting the climate crisis. They include suspending new leases for natural gas and oil development on federal lands and creating a commission focused on green jobs. “We can’t wait any longer,” Biden said. “We see it with our own eyes, we know it. We feel it in our bones.”
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Oil Companies Lock in Drilling, Challenging Biden on Climate
In the closing months of the Trump administration, energy companies stockpiled enough drilling permits for western public lands to keep pumping oil for years
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Oil Prices Expected to Struggle Despite Saudi Cuts, But Goldman Is More Bullish Than Most
Goldman Sachs sees demand rebounding by March, with the arrival of warmer weather and increased vaccinations.
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Saudi Arabia Hires New Crop of Lobbyists With Joe Biden Poised to Roll Back Trump-Era Relationship
Saudi Arabia is on a hiring spree for lobbyists as Joe Biden, who has signaled that he will take a tougher stance with the nation, prepares to take office.
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OPEC and Allies Agree to Gradually Increase Production After Days of Discussions
OPEC and its oil-producing allies agreed to increase production by 500,000 barrels per day beginning in January.
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The U.S. and China Are Spiraling Into an ‘Alarming' Power Play, Says Oil Expert Dan Yergin
It is worrying that the U.S. and China remain locked in a wrestle for power, instead of working on engagement and collaboration, oil expert Dan Yergin told CNBC.