Exxon Mobil Corp. has applied to the Treasury Department for a waiver from U.S. sanctions on Russia in a bid to resume its joint venture with state oil giant PAO Rosneft, according to people familiar with the matter.
Fuel choice is at the heart of our mission: All we’ve ever wanted is for drivers to be able to choose the fuel that’s right for their vehicles and their budgets. It’s a basic right we’ve never had, because oil has a stranglehold on the transportation fuels market in America.
In a crazy twist of international events, Russia’s state-owned oil company Rosneft might end up owning Citgo, a US energy company based in Houston, Texas.
The next time the cops chase you down for speeding, they could be driving a fuel-efficient gas-electric hybrid.
The military isn’t put off by the high price of hydrogen-fueled vehicles and their lack of charging infrastructure.
A territorial dispute in northern Iraq threatens to disrupt oil output at a field containing as much crude as Norway, even as U.S.-backed forces prepare what could be a decisive blow against Islamic State militants in the nearby city of Mosul.
Mexican drug gangs can earn $90,000 in seven minutes from tapping a pipeline of refined oil, while insurgents in Nigeria financially benefit from a share of the third of the country’s refined oil exports that is lost to theft, says the Atlantic Council.
The world’s biggest crude exporter is rejiggering its long-held strategy of clinging to market share.
In a startling admission of the end of the oil age, the Wall Street Journal headlined recently: “Energy Companies Face Crude Reality: Better to Leave It in the Ground: High costs, low prices and tough new environmental rules forcing companies to cancel plans to produce oil.”
For more than two decades, the oil market hung to Ali al-Naimi’s every word — whether he was taking a characteristic stroll at dawn on Vienna’s Ringstrasse, hurrying through a hotel lobby after a conference, or dodging throngs of reporters at an OPEC meeting.
