oil

Analysts broadly expect OPEC+ to hike output from current levels, but questions remain over how much exactly and which countries will be affected.

The Saudi crown prince’s actions in the killing of Khashoggi might have left the kingdom’s sovereign wealth fund vulnerable to consequences.

The U.S. is preparing to release an intelligence assessment that will reportedly implicate Saudi Crown Prince MBS in the killing of Jamal Khashoggi.

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.”

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.

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.

After a 23% rally so far this year, one top energy expert warns the commodity may have gotten ahead of itself.

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.

Recovery will be varied and based largely on countries’ investments and strategies for vaccine distribution, the IMF’s Jihad Azour told CNBC.

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.

It comes as oil and gas supermajors seek to reassure investors about a return to profitability in the coming months.

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.

The CEOs of Chevron and ExxonMobil last year discussed the possibility of merging the two companies, The Wall Street Journal reported Sunday.

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

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.”

In the closing months of the Trump administration, energy companies stockpiled enough drilling permits for western public lands to keep pumping oil for years

Goldman Sachs sees demand rebounding by March, with the arrival of warmer weather and increased vaccinations.

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.

OPEC and its oil-producing allies agreed to increase production by 500,000 barrels per day beginning in January.

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.