Oil

Business

OPEC Plans a Gradual Unwinding of Production Cuts

The group announced after its meeting on Sunday that it would be extending production cuts into 2025 and laid out…

Business

ConocoPhillips to Acquire Marathon Oil in $22.5 Billion Deal

The takeover is the latest in a wave of consolidation sweeping the oil industry, with the biggest players rushing to…

Business

Another Big Oil Deal Despite Regulatory Pushback and Market Volatility

ConocoPhillips has agreed to buy Marathon Oil for $22.5 billion, as consolidation in the U.S. energy sector shows little sign…

Business

Russia’s War Machine Revs Up as the West’s Plan to Cap Oil Revenues Sputters

Russia has largely evaded attempts by the U.S. and Europe to keep it from profiting from its energy exports.

World

Ukraine Strikes More Russian Oil Facilities in a Bid to Disrupt Military Logistics

Analysts say Ukraine is trying to disrupt the Russian military’s logistical routes and combat operations by targeting the facilities that…

Business

Oil Companies Expand Offshore Drilling, Pointing to Energy Needs

Shell and others say they plan to drill for oil and gas in the Gulf of Mexico in part because…

Business

F.T.C. Clears Exxon Mobil’s Acquisition of Pioneer Natural Resources

The Federal Trade Commission will bar Pioneer’s chief executive, Scott Sheffield, from joining Exxon’s board, saying he colluded with OPEC…

Business

ExxonMobil and Chevron Report Lower Earnings

Profits for the two oil giants, which are locked in a standoff over drilling off the coast of Guyana, were…

Business

Why Oil Prices Have Been Rising Recently

The increase this year, prompted by geopolitical worries and supply constraints, has sent gasoline prices higher and could hamper efforts…

Business

Rising Oil Prices Reignite Inflation Fears

The price of Brent crude rose to a six-month high on Friday, a potential dose of bad news for central…

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