President Trump spared Russia from the tariffs he had imposed on 180 other nations in a bid to reshape global trade. But that did not exempt the country from the ensuing economic havoc. The price of oil, the lifeline of…
Tag: Oil (Petroleum) and Gasoline
A Hit in Alberta, Poilievre’s Populism Falters Elsewhere in Canada
Back home for the first time since the start of the campaign, Pierre Poilievre, the Conservative leader seeking to become Canada’s next prime minister, fired up his most ardent supporters with his greatest hits. Thousands had come to a cavernous…
Oil Prices Tumble Further as Trump’s Tariffs Weigh on Economic Outlook
U.S. oil prices fell sharply, briefly dipping below $60 a barrel on Sunday — their lowest level in almost four years — as the economic fallout from President Trump’s latest round of tariffs reverberated around the world. Crude oil now…
Marco Rubio Warns Venezuela Against Attacking Guyana Over ExxonMobil Deal
Secretary of State Marco Rubio said on Thursday that there would be “consequences” if Venezuela used forceful actions in asserting claims to resource-rich territories that are under the control of neighboring Guyana. Mr. Rubio said at a news conference in…
E.P.A. Investigations of Severe Pollution Look Increasingly at Risk
A refinery in New Mexico that the federal government has accused of some of the worst air pollution in the country. A chemical plant in Louisiana being investigated for leaking gas from storage tanks. Idaho ranchers accused of polluting wetlands.…
Russian Energy Sites Burn as Kyiv and Moscow Trade Blame
As Ukraine and Russia prepare for talks that would place a temporary halt on strikes on energy infrastructure, each side has continued to accuse the other of fresh attacks on the power grid, underscoring the deep mistrust between them. Overnight…
Greenpeace Is Ordered to Pay Energy Transfer, a Pipeline Company, $660 Million
A North Dakota jury on Wednesday awarded damages totaling more than $660 million to the Texas-based pipeline company Energy Transfer, which had sued Greenpeace over its role in protests nearly a decade ago against the Dakota Access Pipeline. The verdict…
Energy Infrastructure Attacks Have Inflicted Pain on Both Russia and Ukraine
Russia has said it would agree to a limited cease-fire that would stop attacks on energy infrastructure, a proposal Kyiv has signaled it is open to but has yet to officially approve. An agreement would be the first significant step…
Want Cheap Power, Fast? Solar and Wind Firms Have a Suggestion.
As President Trump works to blunt the growth of wind and solar power and expand fossil fuel production in the United States, the renewable energy industry is making a new pitch: You need us. Wind and solar developers are increasingly…
U.S. Energy Secretary Pledges to Reverse Focus on Climate Change
Before a packed crowd of oil and gas executives on Monday, Chris Wright, the new U.S. energy secretary, delivered a scathing critique of the Biden administration’s energy policies and efforts to fight climate change and promised a “180 degree pivot.”…