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oil

Will California voters believe Big Oil or Jane Fonda?

by Akin Smith
Will California voters believe Big Oil or Jane Fonda?

When Hiram Johnson and the California Progressives adopted the referendum, ballot initiative and recall process just over a century ago, they had a fairly specific goal in mind. They sought to reserve …

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Gas prices will fall in 2024 and Americans will spend $32 billion less on fuel, GasBuddy predicts

by Vera Ward
Gas prices will fall in 2024 and Americans will spend  billion less on fuel, GasBuddy predicts

By Matt Egan | CNN New York — Gas prices will fall in 2024 for the second year in a row, according to GasBuddy projections shared exclusively with CNN. GasBuddy, …

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Angola leaving Opec oil cartel after dispute over production cuts

by Walter Watson
Angola leaving Opec oil cartel after dispute over production cuts

Angola announced on Thursday that it is leaving the Opec oil producers cartel, coming after it battled with the group over lower production quotas this year. Diamantino de Azevedo, the …

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US producing more oil than any country in history

by Vera Ward
US producing more oil than any country in history

By Matt Egan | CNN As the world grapples with the existential crisis of climate change, environmental activists want President Joe Biden to phase out the oil industry, and Republicans …

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EU adopts new sanctions against Russia, focusing on diamonds

by Walter Watson
EU adopts new sanctions against Russia, focusing on diamonds

The European Union Council has adopted a 12th package of sanctions against Russia, the European Commission said in a statement on Monday, after Austria gave its final approval over the …

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Chevron slashes California spending on ‘adversarial’ fossil-fuel policies

by Vera Ward
Chevron slashes California spending on ‘adversarial’ fossil-fuel policies

By Kevin Crowley and Chunzi Xu | Bloomberg Chevron Corp. is slashing oil-refinery investments in California because of “adversarial” policies toward fossil fuels, a move that may boost what already …

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COP28 delegates agree to transition away from fossil fuels

by Vera Ward
COP28 delegates agree to transition away from fossil fuels

By Seth Borenstein, David Keyton, Jamey Keaten and Sibi Arasu | Associated Press DUBAI, United Arab Emirates — Nearly 200 countries agreed Wednesday to move away from planet-warming fossil fuels …

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Guyana-Venezuela border tensions soar over disputed oil-rich Essequibo region

by Walter Watson
Guyana-Venezuela border tensions soar over disputed oil-rich Essequibo region

But Washington provoked an angry response from Caracas by announcing via the embassy in Georgetown it would hold joint “flight operations within Guyana” as part of “routine engagement and operations …

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Russia’s Putin meets Saudi Crown Prince Mohammed bin Salman on whirlwind Gulf visit

by Walter Watson
Russia’s Putin meets Saudi Crown Prince Mohammed bin Salman on whirlwind Gulf visit

In introductory remarks shown on Russian television, Putin thanked the crown prince for his invitation, saying he had originally expected MBS to visit Moscow, “but there were changes to plans”. …

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Why Saudi Arabia’s World Expo ‘coming out party’ is a pivotal moment for crown prince MBS

by Walter Watson
Why Saudi Arabia’s World Expo ‘coming out party’ is a pivotal moment for crown prince MBS

The year 2030 “obviously has enormous significance to Saudi leadership”, given the prominent role of Vision 2030, said Robert Mogielnicki, a senior resident scholar of The Arab Gulf States Institute …

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