OPEC+ Boosts Oil Output by Slower Pace Than Previous Months
The OPEC oil cartel and its allies decided Aug. 3 to boost production in September by a much slower pace than in previous months at a time of high gasoline prices and unstable energy supplies exacerbated by Russia’s war in Ukraine.
August 3, 2022Major Oil Drillers Saw Unprecedented Profit as Prices Soared
NEW YORK — Oil companies swam in record profits over the last few months at a time when Americans struggled to pay for gasoline, food and other basic necessities.
July 29, 2022Sky-High Diesel Prices Squeeze Truckers, Farmers, Consumers
NEW YORK — When longhaul trucker Deb LaBree sets out on the road to deliver pharmaceuticals, she has strategies to hold down costs. She avoids the West Coast and the Northeast, where diesel prices are highest. She organizes her delivery route to minimize “deadheading” — driving an empty truck in between deliveries.
July 20, 2022OPEC+ Oil Boost Unlikely to Ease Fuel Prices
NEW YORK — The OPEC oil cartel and allied producing nations decided June 30 to boost production of crude by an amount that will likely do little to relieve high gasoline prices at the pump and energy-fueled inflation plaguing the global economy.
June 30, 2022Exxon Profits Surge
NEW YORK — Exxon Mobil reported $5.48 billion in net income during the first quarter as oil and gas prices rose steadily, more than doubling its profits compared with the same quarter last year.
April 29, 2022Exxon Posts $4.7 Billion in Q2 Profit as Fuel Demand Rebounds
NEW YORK — ExxonMobil swung back to a profit and topped expectations on profit and revenue during the second quarter as demand for fuel recovered from lows reached earlier in the pandemic.
July 30, 2021Exxon Posts $2.7 Billion Quarterly Profit After Unprecedented Year
NEW YORK — ExxonMobil reported profits of $2.73 billion in the first quarter, after a tumultuous year led to major spending reductions.
April 30, 2021Biden Releases Money in Push to Modernize US Electric Grid
The federal government said April 27 it was making more than $8 billion available to build and improve the nation’s transmission lines as part of its efforts to improve America’s aging electric grid and meet President Joe Biden’s ambitious clean-energy goals.
April 28, 2021Exxon Profits Drop as Most of World Stays Home
NEW YORK — Profits fell at ExxonMobil as the global pandemic began to erode oil demand.
May 1, 2020Exxon Outlines Steps to Reduce Harmful Methane Emissions
NEW YORK — ExxonMobil on March 3 outlined how it is reducing the methane its operations release into the atmosphere, detailing its efforts as governments around the globe write new rules to regulate the harmful greenhouse gas.
March 3, 2020