Anticipating a drop in demand for 2024, major producers, led by Saudi Arabia, are trying to reduce supply.
Tag: Production
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Coming Soon: More Oil, Gas and Coal
An alarming picture of planned fossil fuel production before the global climate talks.
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U.A.W. Reaches Tentative Deal With Stellantis, Following Ford
Stellantis, the parent of Chrysler, Jeep and Ram, and the United Automobile Workers union said they had reached a deal on a new contract similar to the one that the union reached with Ford.
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Biden Seeks to Tame Oil Prices if Mideast Conflict Sends Them Soaring
The president has previously drawn down the Strategic Petroleum Reserve to ease price pressures, but that could be more difficult now
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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.