Sharp, rapid swings in the price of oil can have outsize effects on companies, economies, and global geopolitics. Oil price spikes can stunt economic growth, for example, and a sudden price plunge ...
President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development ... issue the executive order barring the sale of new drilling rights in portions ...
Russia's average daily production of crude oil in 2024 slumped to its lowest level in nearly two decades, according to the latest figures, which reportedly show the impact of Ukrainian drone ...