Oil and Gas

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…