Oil and Gas

OPEC+ has been slowly returning the nearly 10 million barrels per day it agreed to pull from the market in April 2020.Mazen Mahdi | Afp | Getty ImagesA group of some of the world's most…

TotalEnergies has announced a discount on fuel prices at highway stations in France for the summer holiday season.Picture Alliance | Picture Alliance | Getty ImagesFrench oil major…

This photo taken on October 24, 2021 shows coal being loaded on a cargo ship in Jiujiang, in China's central Jiangxi province.STR | AFP | Getty ImagesRussia's coal shipments to China have…

A drilling rig at a gas processing facility, operated by Gazprom.Maxim Shemetov | ReutersThe European Union's best shot at replacing Russian gas imports this year is likely to miss the…

Who may qualify for 'inflation relief' checksThose with up to $75,000 in income, or $150,000 if married and filing jointly, will receive up to $350 per tax filer, plus $350 if they have…

Russian President Vladimir Putin makes a toast as he takes part in the XIV BRICS summit in virtual format via a video call, in Moscow on June 23, 2022.Mikhail Metzel | AFP | Getty…

Exxon Mobil CEO Darren Woods warns that an abrupt transition to renewable energy will cause society to "pay a high price."The national average price for a gallon of gasoline is currently…

Even Exxon Mobil thinks electric vehicles are the future.The oil giant is predicting that by 2040, every new passenger car sold in the world will be electric, CEO Darren Woods told CNBC's…

President Joe Biden remarks on efforts to lower high gas prices at the Eisenhower Executive Office Building in Washington, D.C. on June 22, 2022.Jim Watson | AFP | Getty ImagesPresident…

Exxon Mobil CEO Darren Woods would like the U.S. government to help incentivize some of the clean energy innovations his company is developing, like biofuels and direct air capture of…