Indiscrete comments made by an ExxonMobil lobbyist to undercover activists may figure prominently in upcoming congressional hearings about the role of oil companies in the battle against climate change.Read More
Oil prices have risen sharply over the last few months. Normally, that's a recipe for a drilling frenzy from U.S. oil producers. But something strange is happening, or rather, not happening.Read More
OPEC and its allies said Thursday they are keeping oil production largely steady, even as crude prices stage a remarkable recovery, betting that a restrained approach will lay the groundwork for prices to climb even more.Read More
Set aside the pandemic. Ignore the collapse in demand. Forget about the time oil prices went negative. Look at everything else that happened this year, and — Well. Oil still had a pretty terrible year.Read More
When the price of oil crashes, oil companies often merge and big oil gets even bigger. So this crisis could be an opportunity for companies, but it comes with a tremendous amount of uncertainty. Read More
Gasoline prices have been dropping steadily for months; they're averaging right around $2.25 per gallon nationally. Enjoy, but don't get used to them, analysts say.Read More
Fishing groups in California and Oregon joined the legal fray by filing suit against 30 companies, mainly oil producers. The Pacific Coast Federation of Fishermen's Associations, the plaintiff, contends that the fossil fuel industry is at fault for recent warming-related damages to the West Coast's prized Dungeness crab fishery.Read More
