Oil and Gas

A pump jack on an oil discipline owned by Bashneft firm close to the village of Nikolo-Berezovka, northwest from Ufa, Bashkortostan, Russia, in 2015. The Group of Seven's value cap of $60 for Russian seaborne oil and a ban on Russian…

Led by Saudi Arabia and Russia, OPEC+ agreed in early October to cut back manufacturing by 2 million barrels per day from November.Vladimir Simicek | Afp | Getty PhotosAn influential alliance of oil producers on Sunday agreed to remain…

The workplace of Ukrainian President Volodymyr Zelenskyy known as Saturday for a cheaper price cap on Russian oil than the one agreed to by Ukraine's Western supporters, whereas Russian authorities known as the $60-per-barrel cap…

Russia's President Vladimir PutinContributor | Getty Photos Information | Getty PhotosThe European Union on Friday agreed to cap Russian seaborne oil costs at $60 a barrel, after a number of days of intense negotiations over an…

European oil sanctions are as a consequence of kick in on December 5. The thought is to scale back oil revenues for Russia given its warfare in Ukraine.Andrey Rudakov | Bloomberg | Getty PhotosUpcoming sanctions on Russian oil are set to…

Flames from a flaring pit close to a nicely within the Bakken Oil Discipline. The first part of pure gasoline is methane, which is odorless when it comes straight out of the gasoline nicely. Along with methane, pure gasoline usually…

Oil was one of many largest market headwinds earlier this yr however even because it turns right into a tailwind, it presents a key lesson for buyers, based on Fundstrat's Tom Lee. "For a few years, our shoppers thought power was a…

A gaggle of a few of the world's strongest oil producers is extremely more likely to take additional measures to stem a value decline and attempt to stability the market, in line with Goldman Sachs.OPEC and non-OPEC producers, an…

An indication is posted in entrance of a Chevron gasoline station on July 31, 2020 in Novato, California.Justin Sullivan | Getty PicturesChevron on Saturday acquired an expanded U.S. license permitting the second-largest U.S. oil firm to…

Talking late final month, U.S. President Joe Biden threatened to pursue increased taxes on oil firm income if trade giants don't work to chop fuel costs.Brandon Bell | Getty PicturesOxfam on Monday filed shareholder resolutions towards…