President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve, and he will say more drawdowns are possible this winter.Read More »
Biden looks to increase oil supplies ahead of midterm voting
Joe Biden — a president who wants to move past fossil fuels — is rushing to increase oil supplies ahead of next month's midterm elections.
Tagged with: biden Elections oilRead More »
How will OPEC cuts affect oil prices, inflation?
Here is what to know about the OPEC+ decision and what it could mean for the economy and the oil price cap.
Tagged with: gas prices oil oil pricesRead More »
Federal judge blocks Biden’s pause on new oil, gas leases
The Biden administration’s suspension of new oil and gas leases on federal land and water was blocked by a federal judge in Louisiana.
Tagged with: climate change Energy fossil fuels gas oilRead More »
Most of ransom paid after Colonial Pipeline hack has been recovered, officials say
The Justice Department has recovered most of a multimillion-dollar ransom payment to hackers after a cyberattack that caused Colonial Pipeline to halt its operations, officials said.
Tagged with: cybersecurity Energy gas hacking oil pipeline ransomwareRead More »
Third Exxon Mobil board member unseated as shareholders continue climate fight
Exxon Mobil shareholders have unseated a third board member in their bid to force the oil giant to deal more aggressively with climate change.
Tagged with: climate change Energy Environment exxon gas oilRead More »
OPEC to increase oil output as global economy recovers
The OPEC oil cartel and allied producing countries have confirmed plans to restore 2.1 million barrels per day of crude production.
Tagged with: Energy gas global economy oil OPECRead More »
Pipelines ordered to assess cybersecurity after ransomware hack
U.S. pipeline operators will be required for the first time to conduct a cybersecurity assessment under a Biden administration directive in response to the ransomware hack of Colonial Pipeline.
Tagged with: cybersecurity Energy gas oil pioelinesRead More »
Exxon board shifting on climate change, as at least 2 members lose seats
Exxon Mobil’s shareholders have voted to replace at least two of the company's 12 board members with directors who are seen as better suited to fight climate change, bolster Exxon’s finances and guide it through a transition to cleaner energy.
Tagged with: climate change exxon gas oilRead More »
Report: Colonial confirms it paid $4.4M to pipeline hackers
The operator of the nation's largest fuel pipeline confirmed it paid $4.4 million to a gang of hackers who broke into its computer systems, according to a report Wednesday.
Tagged with: colonial pipeline cybersecurity Energy hacking oilRead More »