Tag: Oil (Petroleum) and Gasoline

6 People Killed in Fiery Crash on Florida Highway, Authorities Say

At least six people were killed and several injured on Thursday afternoon in a fiery crash in northern Florida in which two tractor-trailers, a van and a car collided, the authorities said. The crash occurred on I-75 near Gainesville, Fla., at about 3:40 p.m., according to a news release from […]

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Interior Dept. Moves Toward Selling Oil Leases in Arctic Refuge

Want climate news in your inbox? Sign up here for Climate Fwd:, our email newsletter. The Interior Department on Thursday took a key step toward allowing oil and gas drilling in a pristine wildlife refuge in Arctic Alaska, putting forth proposals it said would protect the animals there but that […]

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Stocks Rise Ahead of Fed Decision That Could Signal Slowdown in Interest Rate Hikes

And now, the wait Stocks were modestly higher on Wednesday as investors awaited the outcome of the latest meeting of Federal Reserve policymakers. It is widely expected that the Fed will raise interest rates again, by a quarter-point, following a two-day meeting of the Federal Open Market Committee. But policymakers […]

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Ryan Zinke, Into the Sunset

Ryan Zinke, the secretary of the Interior Department, is the second devoted cheerleader for President Trump’s ill-conceived strategy of “energy dominance” to be ushered out the door. The first was Scott Pruitt, the administrator of the Environmental Protection Agency. Like Mr. Pruitt, Mr. Zinke leaves under a cloud of possible […]

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Why Is Qatar Leaving OPEC?

The surprising declaration by Qatar about leaving OPEC on Jan. 1 is a strategic response by the country to a changing energy landscape and the 18-month old ongoing boycott of Qatar by Saudi Arabia, United Arab Emirates, Bahrain and Egypt. Qatar’s decision to move away from a regionwide consensus among […]

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OPEC and Allies, Defying Trump, Agree to Cut Oil Output to Prop Up Prices

VIENNA — OPEC and its oil-producing allies, moving to prop up falling prices, agreed on Friday to cut production levels by 1.2 million barrels a day despite pressure from President Trump to maintain output at current levels for the benefit of American consumers. Saudi Arabia, OPEC’s de facto leader, will […]

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Saudis to Press OPEC for a Million-Barrel Cut in Oil Production

VIENNA — Saudi Arabia is poised to advocate that OPEC cut oil production by about a million barrels a day — roughly 1 percent of the global oil supply — as the group begins discussions on Thursday on ways to keep supply and demand in balance. Khalid al-Falih, the Saudi […]

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Greenhouse Gas Emissions Rise Like a ‘Speeding Freight Train’ in 2018

Want climate news in your inbox? Sign up here for Climate Fwd:, our email newsletter. The world’s greenhouse gas emissions are rising at a faster pace in 2018 than they did last year, researchers said Wednesday, the latest evidence that planet-warming pollution is proliferating again after a three-year lull in […]

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As OPEC Meets, Sizing Up Its Power and Its Politics

VIENNA — On Thursday, over 200 oil industry representatives, financial analysts and journalists are expected to crowd into a basement auditorium at the headquarters of the Organization of the Petroleum Exporting Countries. It is a tricky time for OPEC at its twice-yearly gathering, and, more important, for the oil industry […]

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France’s Yellow Vest Protests: A Briefing on the Movement That Has Put Paris on Edge

PARIS — The broken glass and empty tear gas canisters have been swept away and the graffiti scrubbed off the major monuments, among them the Arc de Triomphe, after a weekend of violent protests in the capital by a grass-roots movement that calls itself the Yellow Vests. It was the […]

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Qatar Says It Will Withdraw From OPEC

BEIRUT, Lebanon — The tiny, wealthy Persian Gulf state of Qatar will withdraw from the Organization of the Petroleum Exporting Countries in January, the country’s energy minister said on Monday. The minister, Saad Sherida al-Kaabi, said the move would allow Qatar to focus on its gas industry and dismissed the […]

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Macron Returns to a France in Turmoil, as Nation Weighs State of Emergency

PARIS — President Emmanuel Macron returned to France on Sunday from a summit meeting in Argentina to find his country in turmoil after a day of violent protests, surveying the destruction for himself even as his government weighed declaring a state of emergency. A third weekend of nationwide protests by […]

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Falling Oil Prices May Make Trump Happy but They Pose Risks for U.S.

HOUSTON — Oil prices have plunged by 25 percent in the last month while the cost of gasoline has tumbled to as little as $2 a gallon in several states. President Trump is pushing for even lower prices, calling it “a big Tax Cut for America and the World.” But […]

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Energy Speculators Jump on Chance to Lease Public Land at Bargain Rates

MILES CITY, Mont. — Robert B. Price, the chief executive of a London-based oil and gas company, came up with a creative tactic to grab bargain drilling rights to a sprawling piece of federal land here in eastern Montana — each acre for less than the price of a cup […]

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Is Exxon Conning Its Investors?

In August, a lawyer for Exxon Mobil told a state court in Manhattan that New York’s attorney general should either sue the company for misleading investors about the impact of climate change on its finances or drop the case. “They should put up or shut up,” the lawyer, Theodore Wells […]

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Judge Blocks the Disputed Keystone XL Pipeline in a Setback for Trump’s Energy Agenda

Want climate news in your inbox? Sign up here for Climate Fwd:, our email newsletter. WASHINGTON — A federal judge late Thursday blocked construction of the disputed Keystone XL oil pipeline, saying the Trump administration “simply discarded” the effect the project would have on climate change. The ruling by Judge […]

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Mining Innovation Aims to Turn Utah Sands Into an Oil Patch

VERNAL, Utah — Utah is a yawn amid the drilling frenzy that has upended the energy picture in recent years. It accounts for just one of every 100 barrels of oil produced nationwide. But a couple of executives who have spent decades hunting for oil across the Middle East, South […]

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The $20 Billion Question for Guyana

The first chance was independence from Britain in 1966, and that chance was blown. A plague of ethnic tribal politics has produced a fragile state with an economy propelled by drug trafficking, money-laundering, and gold and diamond smuggling. A vast majority of college-educated youths emigrate to the United States or Canada, while those who stay […]

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