U.S. delivers angry rebuke of massive OPEC+ production cut

OPEC and non-OPEC allies agreed to reduce oil production by 2 million barrels per day from November. The move is designed to spur a recovery in oil prices, which had fallen to roughly $80 a barrel...

U.S. delivers angry rebuke of massive OPEC+ production cut

Energy analysts believe the deep production cuts could yet backfire for OPEC kingpin and U.S. ally Saudi Arabia.

U.S. delivers angry rebuke of massive OPEC+ production cut

OPEC and non-OPEC allies agreed on Wednesday to reduce oil production by 2 million barrels per day from November. The move is designed to spur a recovery in oil prices, which had fallen to roughly...

Americans should prepare for gas prices to keep rising, analysts warn

American consumers should expect gasoline prices to keep surging as a result of various domestic and global factors, according to energy analysts who spoke with FOX Business. Major petroleum...

Grim winter looms as wartime Ukraine braces for infrastructure attacks

By Tom Balmforth and Pavel Polityuk KHARKIV, Ukraine - In an abandoned tower block damaged by Russian shelling in Ukraine's second city, Olga Kobzar plans to tough out winter for as long as she...

Energy experts sound alarm on Europe's energy crisis as warning for America

FIRST ON FOX: A group of energy and environment experts are sounding the alarm on U.S. climate policy and pointing to Europe's crisis as an example of "blindly" abandoning energy security. In a...

As Ian slams Fla., Biden issues warning to oil companies

WASHINGTON — President Joe Biden on Wednesday warned oil and gas companies against increasing prices for consumers as Hurricane Ian neared landfall along Florida’s southwest coast. “Do not, let...

Biden to oil industry: Don't raise prices as hurricane nears

WASHINGTON (AP) — President Joe Biden on Wednesday warned oil and gas companies against increasing prices for consumers as Hurricane Ian neared landfall along Florida’s southwest coast.“Do not,...

Hydrogen could ‘nearly double’ cost of heating a home compared with gas

Using hydrogen would add about 70% to home energy bills, according to a report by a renewable energy charityMinisters’ plans to pin the UK’s energy hopes on hydrogen could nearly double the cost...

What Price Is Right? Why Capping Russian Oil Is Complicated

The Group of 7 countries formally backed the price cap concept this month. They are deliberating how much Russia should be allowed to charge for its oil. It has emerged as a central question that...

Oil producer group OPEC+ surprises energy markets with a small production cut

OPEC and non-OPEC partners decide to cut production targets by about 100,000 barrels per day from October. Energy analysts had broadly expected the group to stay the course with its production...

Oil producer group OPEC+ surprises energy markets with a small production cut

OPEC and non-OPEC partners decide to cut production targets by about 100,000 barrels per day from October. Energy analysts had broadly expected the group to stay the course with its production...

Gas prices: Why they're finally plummeting

Gas prices have now fallen for more than 50 days straight. They are on track to sink by about 20 percent from June’s $5.02-per-gallon peak. Joe Biden is relieved, as are Americans, at least to...

Futures Movers: Oil rout deepens as U.S. crude benchmark falls below $90 a barrel

U.S. crude drops to its first finish below the $90-a-barrel threshold since February. Fears rise over a global economic slowdown that could dent demand. October Brent crude settles with a loss of...

OPEC+ to decide on oil output policy as U.S. considers unprecedented release of reserves

Oil prices have rallied to a near all-time high on concerns about Russia supply disruptions. Energy analysts expect OPEC+ to stick to its strategy of gradually reopening the taps. The U.S. is...

OPEC+ to decide on output policy as oil prices spike and Russia supply fears intensify

Sanctions imposed on Russia over its invasion of Ukraine have so far been carefully constructed to avoid directly hitting the country's exports. But there are signs the measures are inadvertently...

Oil could vault as high as $150 a barrel, veteran analyst warns, as undersupply meets surging demand

Money is pouring into investments in oil-related stocks, and international oil companies are raking in record profits. Brent surpassing $100 a barrel is almost a given at this point, many energy...

What if Russia turns off the gas? Europe assesses its options as fears mount over Ukraine crisis

As tensions reach a fever pitch between Russia, Ukraine and the West, energy analysts are deeply concerned about the risk of full supply disruption to the EU.

Planet-warming emissions rebounded faster in the US than expected in 2021, analysts say

US greenhouse emissions rebounded from a pandemic slump faster in 2021 than the overall economy. Energy analysts had expected to see a rebound of planet-warming emissions in 2021. "There weren't...

OPEC+ expected to stick to planned oil output hike as omicron Covid cases soar

OPEC and its non-OPEC allies, known collectively as OPEC+, are scheduled to hold a videoconference from 1 p.m. London time. OPEC+ has raised its output target each month since August by 400,00...

U.S. energy envoy says Biden stands ready to release even more oil reserves to cool markets

Amos Hochstein: "This is a tool that was available to us and will be available again" Comments come as energy analysts assess the effectiveness of a U.S.-led pledge to release millions of barrels...

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