A price cap on Russian oil aims to starve Putin of cash. But it’s largely been untested. Until now
For months after Ukraine’s Western allies limited sales of Russian oil to $60 per barrel, the price cap was still largely symbolic.…
Oil prices could surge if Iran enters the war, Pioneer Natural Resources CEO says
Pioneer Natural Resources CEO Scott Sheffield said oil prices could move a lot higher if Iran gets involved in the war between…
Saudi Arabia’s economic growth slows as oil cuts, price drops bite into revenues
Saudi Arabia’s economy slowed in the second quarter, as crude output cuts and a drop in oil prices reined in…
Berkshire Hathaway takes control of LNG facility as Buffett ups bet on energy infrastructure
Berkshire Hathaway Energy has agreed to purchase a 50% stake in the Cove Point liquefied natural gas facility for $3.3…
Swiss central bank promises regulation review after collapse of Credit Suisse
The Swiss National Bank on Friday pledged to review banking regulations during its annual general meeting in Bern, following recent…
State leaders targeting climate investing have quiet stakes in the fossil fuel industry
In October, Scott Fitzpatrick, then-treasurer of Missouri, announced his state would pull $500 million out of pension funds managed by…
Supreme Court refuses appeal by lawyer jailed for contempt in $9.5 billion Chevron environmental case
The Supreme Court refused Monday to consider the appeal of a disbarred lawyer jailed for contempt of court after he…
Sanctions on Russian oil are having the ‘intended effect,’ IEA says
Bans and price caps targeting Russian oil are having the “intended effect” despite surprisingly resilient production and exports in recent…
