When Gary Dirks arrived in China in 1995, the country’s government was looking to source more of its energy at home. Dirks was the incoming country head for BP, but efforts to find more oil and gas in the country had largely fizzled. So government leaders pivoted, Dirks said. China invested heavily in its domestic…
Qatar’s energy minister on Thursday warned that the ongoing conflict in the Middle East could “bring down” world economies and that the Gulf energy exporters would shut down production within weeks. Qatar suspended liquefied natural gas production on March 2, causing a massive leap in prices, after Iranian strikes hit Gulf energy facilities in an…
Inflation may be increasing at a slower pace than expected, the markets might be cheering, and the Fed will likely soon be cutting, but Diane Swonk isn’t popping Champagne. The veteran economist says the economy “looks better than it feels” because the very data used to measure it is eroding, and the illusion of resilience could…
With national gas prices now averaging over $3, consumers are spending a significant amount of their paychecks on fuel. Fortunately, you can make your trips to the pump less painful by downloading certain apps. Some are just for gas, others are more general travel apps and some help you save on many purchases, not just…
When the Environmental Protection Agency announced it would roll back regulations aimed at curbing greenhouse gas emissions — especially from motor vehicles — it touted annual savings for Americans of $54 billion. The EPA said eliminating Biden-era policies, which encouraged higher fuel efficiency standards for cars and electric vehicle adoption to limit tailpipe emissions, would enable…
By Nicole Jao and Shariq Khan NEW YORK (Reuters) -U.S. gasoline prices could fall below $3 a gallon this summer for the first time in over four years as a stretch of bad weather events dampens fuel demand and a jump in imports fills inventories. Gasoline prices have been in a lull in recent months,…
President Donald Trump‘s strikes against Iranian nuclear facilities over the weekend elicited concerns about the potential for gas prices to increase. But they have mostly remained stagnant since Friday, before the attacks, and one analyst told Newsweek it appears that a cost surge at the pumps is unlikely at this point. Why It Matters The…
WASHINGTON – De-escalation in the Middle East could be good news for gas prices back home. The backstory: The conflict between Israel, Iran, and the United States has some Americans heading to the pump. “That’s definitely on my mind,” said Bryan Trejo, when asked Monday at a gas station in Bethesda whether he was concerned…
The U.S. military strikes in Iran are raising questions about the impact on the oil and gas industry, including whether the widening conflict could result in higher energy prices for Americans. Oil prices jumped 4% on Sunday night shortly after the start of trading, but retreated as experts speculated that Iran is unlikely to close…