Business U.S. Oil Boom Blunts OPEC’s Pricing Power Nick J Adam Jul 7, 2023 U.S. petroleum production is on pace for a record-breaking year, helping to keep energy prices stable despite the… Read More...
Business Exxon, Chevron Profits Are Robust Even as Oil Prices Drop Nick J Adam Apr 29, 2023 Exxon Mobil Corp. and Chevron Corp. collectively posted $18 billion in first-quarter profits, showing… Read More...
Business Saudi-Led Oil Cuts Risk Fueling Inflation and Harming Global Economy, IEA Says Nick J Adam Apr 15, 2023 The oil market will fall into a far larger oil deficit sooner than expected following surprise production cuts… Read More...
Business Saudi Aramco Posts Record $161 Billion Profit for 2022 Nick J Adam Mar 13, 2023 Saudi Arabia’s national oil company reported record annual profit of $161 billion for 2022, the largest ever by an… Read More...
Business War in Ukraine Drives New Surge of U.S. Oil Exports to Europe Nick J Adam Feb 27, 2023 A year of war in Ukraine is revitalizing U.S. oil exports as a source of financial influence and geopolitical power. As… Read More...
Business Group of Seven Agrees to Expand Sanctions on Russian Oil Industry Nick J Adam Feb 4, 2023 The U.S. and its allies agreed to cap the sales price of premium Russian petroleum products such as diesel at $100 a… Read More...
Business Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit Nick J Adam Jan 28, 2023 Chevron Corp. CVX -4.44% banked historic profit last year as the… Read More...
Business Oil Demand to Hit Record Level This Year as China Reopens, IEA Says Nick J Adam Jan 18, 2023 China’s rapid shift to reopen its economy following lengthy Covid-19 lockdowns should help oil… Read More...
Technology China’s EV Sales Broke Record in 2022 as Overall Auto Market Stalled Kevin Colleran Jan 10, 2023 HONG KONG—Sales of new-energy vehicles almost doubled in China last year, even as overall car sales remained sluggish… Read More...
Health Asian shares slip after tech stock slump on Wall St James Pereira Dec 8, 2022 BANGKOK (AP) — Shares are mostly lower in Asia after Wall Street sagged under weakness in tech… Read More...