oil

Burning fossil fuels is the chief driver of the climate crisis, and yet the world’s fossil fuel dependency is expected to get even worse in the coming decades.

Congressional Democrats are calling top executives at ExxonMobil and other oil giants to testify about what lawmakers say is a long-running, industry-wide campaign to spread disinformation about the role of fossil fuels in causing global warming.

Hurricane Ida temporarily shut a critical swath of U.S. oil production and refining operations, and that should keep crude and retail gasoline prices elevated.

A recent crossover in oil’s weekly chart suggests it could be setting up for a bounce, Miller Tabak’s Matt Maley says.

It comes at a time when oil and gas companies are raking in their highest profits since the onset of the coronavirus pandemic.

U.S. oil firms led by Occidental are tackling carbon. ExxonMobil and Chevron have invested in renewable energy. But it’s on the margins, and may stay that way.

Matt Maley of Miller Tabak and John Petrides of Tocqueville Asset Management discuss their outlook on the oil and energy sectors.

Oil prices moved lower after CNBC reported that the White House said that OPEC+ needs to increase production.

Aramco said its dividend would stay at the “normal level” for the quarter, but it would “advise later” as to whether it would stick to the current payout plan. 

Halliburton stands to benefit from the demand-supply imbalance in energy markets, says BK Asset Management’s Boris Schlossberg.

Oil and gas giant BP beat second-quarter earnings expectations on Tuesday, while expanding its dividend and share buyback program.

Competition between the two major Arab economies “is bound to intensify in the days to come,” one Gulf academic told CNBC.

Shell boosted its dividend for the second consecutive quarter and announced the launch of a $2 billion share buyback program.

The fatal floods in Germany in recent weeks have put the impacts of climate change firmly in the spotlight again.

Oil and gas majors are likely to report bumper second-quarter earnings in the coming days, energy analysts have told CNBC.

Iran on Thursday opened its first oil terminal in the Gulf of Oman, a move aimed at making Tehran less dependent on the Strait of Hormuz.

Crude oil held below $70, a key psychological level, on Tuesday. The volatility is just a “hiccup,” says Boris Schlossberg of BK Asset Management.

The drop was a rude awakening for oil bulls who’d been enjoying the commodities’ highest prices in 2½ years.

Climate researchers, campaigners and environmental advocacy groups argue that carbon capture technology is not a solution to the world’s’ climate challenge.

OPEC and allied nations have agreed to eventually raise the production limits imposed on five countries, ending an earlier dispute sparked by the United Arab Emirates that roiled global energy prices.