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FILE - President Joe Biden speaks on April 12, 2024, in Washington. A temporary fix allowing President Biden to appear on this fall's ballot cleared the Ohio House during a rare special session Thursday, May 30, along with a ban on foreign nationals contributing to state ballot campaigns that representatives said was demanded in exchange by the Ohio Senate. (AP Photo/Alex Brandon, File)
FuelIndustryNewsOilPolitics

Justice Department called to prosecute alleged oil price-fixing

The Democrats said a Federal Trade Commission investigation into a high-profile merger uncovered evidence of price-fixing by oil executives.

By Matthew Daly30 May 2024The Associated Press
The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. REUTERS/Benoit Tessier
BusinessFinanceFuelNewsOil

Saudi Arabia sets up new Aramco share sale that could raise $13.1B

Saudi Arabia's government on Thursday filed papers to sell a new stake in state oil giant Aramco that could raise as much as...

By Hadeel Al Sayegh, Maha El Dahan and Yousef Saba30 May 2024Reuters
The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. REUTERS/Adrees Latif/File Photo
BusinessFuelNewsOil

Oil dips on concerns about demand, U.S stockpiles data awaited

Oil prices eased after resilient U.S. economic activity pointed to borrowing costs staying higher for longer in a potential blow to demand.

By Shariq Khan29 May 2024Reuters
BusinessFuelNewsOil

Oil steadies after weekly decline on U.S. interest rate prospects

Muted trading on oil follows downbeat week coinciding with public holidays in Britain and the US, with next month set to bring OPEC+...

By Natalie Grover27 May 2024Reuters
FILE PHOTO: OPEC logo is seen in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/File Photo
AnalysisEconomyIn-DepthOilPoliticsTrade

What is OPEC+ and how does it affect oil prices?

There have been some challenges to OPEC's influence over the years, often resulting in internal divisions. More recently, the global push towards cleaner...

By Reuters24 May 2024Reuters
FILE PHOTO: A tug boat pushes an oil barge through New York Harbor in New York City, U.S., May 24, 2022. REUTERS/Brendan McDermid/File Photo
BusinessFuelNewsOil

Oil flat as firming US gasoline demand offsets rate jitters

Oil prices rose about 1%, but fell for the week on worries that strong U.S. economic data would keep interest rates elevated for...

By Arathy Somasekhar23 May 2024Reuters
Miniatures of oil barrels and a rising stock graph are seen in this illustration taken January 15, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
FuelNewsOilPoliticsTrade

Global oil markets weaken as sluggish demand leaves overhang

Global crude oil markets are weakening because of soft refinery demand and ample supply, could spell further weakness for crude futures

By Robert Harvey and Natalie Grover20 May 2024Reuters
FILE PHOTO: A Marathon Oil well site is seen, as oil and gas activity dips in the Eagle Ford Shale oil field due to the coronavirus disease (COVID-19) pandemic and the drop in demand for oil globally, in Texas, U.S., May 18, 2020. REUTERS/Jennifer Hiller//File Photo
NewsOil

Oil set for weekly gain on signs of improving demand

Oil prices are edging higher, with global benchmark Brent heading for its first weekly gain in three weeks

By Nicole Jao16 May 2024Reuters
FILE PHOTO: An oil tanker sails on Lake Maracaibo, in Cabimas, Venezuela October 14, 2022. REUTERS/Issac Urrutia/File Photo
BusinessNewsOilPoliticsTrade

US to favor existing investors for Venezuela oil licenses: sources

The move appears designed to encourage companies that have projects frozen because of U.S. sanctions, such as Italy's Eni and Spain's Repsol, to...

By Marianna Parraga and Daphne Psaledakis16 May 2024Reuters
FILE PHOTO: The International Energy Agency chief Fatih Birol poses during an interview with Reuters in Paris, France, December 15, 2023. REUTERS/Sarah Meyssonnier/File Photo
ClimateNewsPolitics

A second Trump term would target IEA’s green focus, advisers say

Donald Trump would likely push to replace the head of the International Energy Agency if he wins the U.S. presidential election

By Valerie Volcovici16 May 2024Reuters

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FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump and Ukraine's President Volodymyr Zelenskiy meet at Trump Tower in New York City, U.S., September 27, 2024. REUTERS/Shannon Stapleton//File Photo

Trump says US ‘pretty close’ to minerals deal with Ukraine

22 Feb 2025Reuters
FILE PHOTO: European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo

EU to pare back sustainability rules for companies, draft shows

22 Feb 2025Reuters
FILE PHOTO: A BMW logo is seen on media day at the 2024 Paris Auto Show in Paris, France, October 14, 2024. REUTERS/Benoit Tessier/File Photo

BMW says it will review timing of electric Mini production in UK

22 Feb 2025Reuters
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China’s EV maker XPeng eyes doubling global presence by year’s end

22 Feb 2025Agence France-Presse

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FILE PHOTO: Oil pumpjacks and tanks are pictured in a farmer's field near Kindersley, Saskatchewan, Canada September 5, 2024. REUTERS/Todd Korol/File Photo

US oil imports from Canada hit record ahead of tariff threat, EIA data shows

8 Jan 2025Reuters
dian oil and gas stocks climbed Monday as the country's energy sector absorbed the news of Prime Minister Justin Trudeau's resignation. Pumpjacks draw out oil and gas from wells near Calgary on Monday, Sept. 18, 2023. THE CANADIAN PRESS/Jeff McIntosh

Canadian oil stocks climb as industry absorbs news of Trudeau resignation

6 Jan 2025The Canadian Press

Australia needs better ways of storing renewable electricity for later. That’s where ‘flow batteries’ can help

4 Jan 2025The Conversation
Solar car port generating green electricity with cars parked at a parkade at the Telus Science Center in Calgary, Alta., on Oct. 30, 2024. (Ramon Cliff/Alamy via Reuters)

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