Clifford Krauss
Posts
Oil Prices Slide as Investors Worry Energy Demand Is Slowing
The U.S. benchmark oil price fell below $80 a barrel on Friday, and gasoline prices in some states are now close to $3 a gallon.
Price of Diesel, Which Powers the Economy, Is Still Climbing
Russia’s invasion of Ukraine is one reason that the fuel is scarce. Another is a series of yearslong, intertwined events that cover the globe.
Exxon and Chevron Rack Up Giant Profits
Exxon Mobil and Chevron reported another round of strong profits. But they face political fire over gasoline prices, even as they fear a new downturn.
Exxon and Chevron Rack Up Giant Profits
A fourth straight quarter of robust results came on the back of high oil and natural gas prices.
Saudi Arabia and Russia May Find Their Oil Pricing Power Limited
Reduced global demand may offset any supply cut by OPEC and its allies.
Even as Oil Prices Ease, U.S. Keeps Tapping Strategic Reserve
The administration’s move has brought down gasoline prices. Some experts say continued withdrawals could test the nation’s energy security.
An Israel-Lebanon Border Deal Could Increase Natural Gas Supplies
Offshore gas fields in the Mediterranean could become one of several new energy sources for European countries as they seek independence from Russia.
Oil Prices Tumble to Their Lowest Level Since January
The U.S. benchmark oil price fell below $80 a barrel for the first time since the start of the year.
Ostracized by the West, Russia Finds a Partner in Saudi Arabia
The two oil-producing countries have extended their partnership even as the United States and Europe have sought to punish and isolate Russia for invading Ukraine.
Berkshire Hathaway cleared to buy up to 50% of Occidental Petroleum.
The Federal Energy Regulatory Commission approved a request from Warren Buffett’s company to take a bigger stake in the oil company.