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Global oil crisis and inflation hurt consumers: World Energy Council

The current oil crisis isn't like previous ones — and consumers will have to bear the brunt of it even as they grapple with rising inflation, Angela Wilkinson from the World Energy Council told CNBC."I think this is a first global energy shock,...

How Big Oil sells off polluting assets in a bid to look green

An oil flare burns at Repsol's oil refining complex in Cartagena, Spain. Repsol was one of the top sellers of assets between 2017 and 2021 in EDF's analysis.Bloomberg | Bloomberg | Getty ImagesOil and gas giants are increasingly selling off dirty assets to...

Gasoline Shortages Coming To The US In Less Than 6 Months? Oil Supply Problems To Worsen? – Silver Doctors

Expect a new normal of much higher prices? Josh Young with Jason Burack of Wall St For Main St Josh Young is the Chief Investment Officer & Founder of Bison Interests. Bison Interests is an investment firm focused on publicly traded oil and natural...

Oil giant Aramco reports record first quarter as oil prices soar

Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019.Maxim Shemetov | ReutersOil giant Aramco reported a more-than 80% jump in net profit Sunday, topping analyst expectations and setting a new quarterly earnings record since its IPO....

Big Oil braces for shareholder revolt in proxy voting season

Members of the environmental group Just Stop Oil blockade a BP petrol station in London on April 28, 2022. The activist group is calling for the U.K. government to commit to halting new fossil fuel licensing and production.Kristian Buus | In Pictures |...

Putin-ally Orban stalls Europe’s oil embargo against Moscow

Hungary Prime Minister Viktor Orban — a longtime ally of Russian President Vladimir Putin — has said that ending Russian oil purchases would be an "atomic bomb" on Hungary's economy.Attila Kisbenedek | Afp | Getty ImagesThe European Union is struggling to approve a...