Category: Oil (Petroleum) and Gasoline

Oil Companies Expand Offshore Drilling, Pointing to Energy Needs

Shell and others say they plan to drill for oil and gas in the Gulf of Mexico in part because doing so releases fewer greenhouse gases than drilling on land.

Plan to Stash Pollution Beneath the Sea Could Save Money and Jobs

The Italian energy giant Eni sees future profits from collecting carbon dioxide and pumping it into natural gas fields that have been exhausted.

Hybrid Cars Enjoy a Renaissance as All-Electric Sales Slow

Automakers like Ford, Kia and Toyota are offering more hybrid options to appeal to buyers who aren’t ready for fully electric vehicles.

Red Sea Shipping Halt Is Latest Risk to Global Economy

Next year could see increasing volatility as persistent military conflicts and economic uncertainty influence voting in national elections across the globe.

Red Sea Attacks Add Another Snarl to Global Shipping

Already hampered by problems at the Panama Canal, shipping companies are now steering clear of the Suez Canal to avoid being attacked in the Red Sea.

Surging U.S. Oil Production Brings Down Prices and Raises Climate Fears

American oil production is hitting record levels, delivering economic and foreign policy benefits but putting environmental goals further out of reach.

Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns

Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.