FRANKFURT, Germany — Major Western measures to limit Russia’s oil profits over the war in Ukraine took effect Monday, bringing with them uncertainty about how much crude could be lost to the world and whether […]
WASHINGTON, D.C. — President Joe Biden on Monday accused oil companies of “war profiteering” as he raised the possibility of imposing a windfall tax on energy companies if they don’t boost domestic production. Biden in […]
WASHINGTON, D.C. — Treasury Secretary Janet Yellen on Wednesday warned that a failure to place a price cap on Russian oil would hurt the global economy. “Without a price cap, we face the threat of […]
OMAHA, Neb. — Warren Buffett’s company has bought up more than $11 billion worth of Occidental Petroleum stock this year, giving Berkshire Hathaway control of more than 20% of the oil producer. Occidental’s stock rose […]
WASHINGTON, D.C. — President Joe Biden asked India’s Narendra Modi on Monday not to accelerate the buying of Russian oil as the U.S. and other nations try to cut off Moscow’s energy income following the […]
RICHMOND, California — More than 500 workers at a Chevron Corp. refinery in the San Francisco Bay Area went on strike early Monday over safety concerns and to demand a salary increase to keep up […]
NEW YORK — Anyone who’s bought food, paid rent or looked for a used car recently has come up against the billowing inflation that has engulfed the U.S. economy. And, with surging oil prices keeping […]
ALBUQUERQUE, N.M. — Exxon Mobil says it has a plan for cutting greenhouse gas emissions from its operations in one of the most prolific oilfields in the United States, saying it hopes to achieve its […]
In an economy upended by the coronavirus, shortages and price spikes have hit everything from lumber to computer chips. Not even toilet paper escaped. Now, they’re cutting into one of the humblest yet most vital […]
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