crude oil
Oil prices jump on extension of production cuts by Saudi Arabia and Russia
The move reflected renewed efforts by the two major exporters to bolster the price of crude.
New Utah oil railroad by Colorado River raises health and climate fears
The proposed railway is forecast to quadruple crude oil production in the Uinta Basin and will damage Biden’s climate credentials, campaigners say.
www.wsj.com
Biden announces restrictions on methane emissions at COP27
The president touted U.S. plans to cut methane emissions and boost climate funding to developing countries in an address that sought to reclaim the mantle of global leadership on efforts to limit climate change.
www.wsj.com
How a CEO Rescued a Big Bet on Big Oil; ‘There Were a Lot of Doubters’ - WSJ
Occidental Petroleum’s Vicki Hollub fended off a shareholder revolt led by Carl Icahn. Lifted by rising crude prices, she now has the confidence of Warren Buffett.
Three things that can go wrong at an illegal oil refinery in Nigeria
Years of government neglect and unemployment in Nigeria’s Niger Delta region have given rise to a widespread industry of illegally refining stolen oil.
China to boost renewable power, balance with oil and gas to 2025
China aims to increase renewable power, maintain crude oil output and boost natural gas production, as it seeks to balance energy security and achieve its climate change goals.
U.S. oil industry prepares to boost production — but with a giant warning
A jump in gasoline prices above $4 has oil companies eyeing crude oil output hikes, but pain at the pump will linger as shaky oil markets shun Russian cargoes.
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