Stanley Reed
Posts
Shell to Sell Its Nigeria Oil Business for $1.3 Billion
The energy company’s exit from onshore petroleum drilling in Nigeria is aimed to reduce risks, while it continues to produce oil and gas offshore.
Red Sea Attacks Menace Energy Tankers but Don’t Stop Them
Some oil tanker traffic continues to go through the Suez Canal, while plentiful global reserves keep crude prices steady.
Angola to Quit OPEC in Dispute Over Oil Production Levels
Officials have been unhappy after the oil cartel, led by Saudi Arabia, pushed Angola and other countries to accept lower production ceilings.
What Does the Red Sea Crisis Mean for Oil Prices?
Many energy and shipping firms have begun rerouting tankers, adding delays and extra costs to journeys that would put upward pressure on oil prices.
BP Takes Tough Line With Former C.E.O. Over Relationships With Colleagues
The oil giant said Bernard Looney had “knowingly misled the board” about the relationships and was not entitled to $40 million.
Oil Producers Back Climate Deal Despite Fossil Fuel Language
At the United Nations climate conference, the final statement included elements that pleased oil and gas producers.
E.U. Relaxes Trade Rules on Electric Cars From Britain
The British and European car industries had lobbied for a delay in a measure that would have added costly tariffs to many electric vehicles.
E.U. Relaxes Trade Rules on Electric Cars from Britain
The British and European car industries had lobbied for a delay in a measure that would have added costly tariffs to many electric vehicles.
Oil Producers Fail to Agree on More Production Cuts
Oil prices fell after OPEC Plus’s year-end gathering failed to produce substantial cuts in output. But the group said Brazil, an oil giant, was expected...
In a Shaky Oil Market, OPEC Has Bitter Decisions to Make
Anticipating a drop in demand for 2024, major producers, led by Saudi Arabia, are trying to reduce supply.