OPEC Fast Facts | CNN
CNN — Here’s a look at the Organization of the Petroleum Exporting Countries, headquartered in Vienna, Austria. The purpose of OPEC is to “coordinate and unify the petroleum…
Read more OPEC Fast Facts | CNNTag: energy commodities
Oil Spills Fast Facts | CNN
CNN — Here’s a look at oil spill disasters. Spill estimates vary by source. 1. January 1991 – During the Gulf War, Iraqi forces intentionally release 252-336 million…
Read more Oil Spills Fast Facts | CNN
The IMF sees greater chance of a ‘soft landing’ for the global economy | CNN Business
London CNN — The International Monetary Fund (IMF) sees better odds that central banks will manage to tame inflation without tipping the global economy into recession, but it…
Read more The IMF sees greater chance of a ‘soft landing’ for the global economy | CNN Business
Dow tumbles by more than 400 points, on pace for biggest one-day decline since March | CNN Business
New York CNN — Stocks tumbled Tuesday after a slew of economic data stoked fears about the US economy’s cloudy outlook and further interest rate hikes from the…
Read more Dow tumbles by more than 400 points, on pace for biggest one-day decline since March | CNN Business
US retail spending picked up in August, mostly due to sales at gas stations | CNN Business
Washington, DC CNN — US retail sales picked in August, boosted by higher gas prices, as spending on other items grew modestly. Retail sales, which are adjusted for…
Read more US retail spending picked up in August, mostly due to sales at gas stations | CNN Business
Hurricane Idalia and Labor Day could send gas prices and inflation higher | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio…
Read more Hurricane Idalia and Labor Day could send gas prices and inflation higher | CNN Business
Inside efforts to avert environmental ‘catastrophe’ in the Red Sea | CNN
Editor’s Note: A version of this story appears in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Sign up here. CNN…
Read more Inside efforts to avert environmental ‘catastrophe’ in the Red Sea | CNN
US oil prices sink below $70 on debt ceiling jitters and Russia-Saudi tensions | CNN Business
New York CNN — US oil prices dropped below $70 a barrel Tuesday on concerns about whether the debt ceiling deal will make it through Congress and on…
Read more US oil prices sink below $70 on debt ceiling jitters and Russia-Saudi tensions | CNN Business
What the OPEC cuts mean for Putin and Russia | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio…
Read more What the OPEC cuts mean for Putin and Russia | CNN Business
Oil prices surge after OPEC+ producers announce surprise cuts | CNN Business
Hong Kong/Atlanta CNN — Oil prices spiked during Asian trade Monday after OPEC+ producers said they would cut production in a surprise move. Brent crude, the global benchmark,…
Read more Oil prices surge after OPEC+ producers announce surprise cuts | CNN Business
Russia’s economy is hurting despite Putin’s bluster | CNN Business
London CNN — When Russia launched its full-scale invasion of Ukraine one year ago, Western countries hit back with unprecedented sanctions to punish Moscow and pile pressure on…
Read more Russia’s economy is hurting despite Putin’s bluster | CNN Business
Russia to cut oil output by 5% as sanctions bite | CNN Business
London CNN — Russia will cut crude oil production by half a million barrels per day starting in March, a little over two months after the world’s major…
Read more Russia to cut oil output by 5% as sanctions bite | CNN Business
Here’s what keeps Jerome Powell up at night and interest rates high | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio…
Read more Here’s what keeps Jerome Powell up at night and interest rates high | CNN Business
BP’s annual profit more than doubles to $28 billion | CNN Business
Hong Kong CNN — BP’s annual profit more than doubled last year to nearly $28 billion, extending a record run of earnings for the world’s oil majors that…
Read more BP’s annual profit more than doubles to $28 billion | CNN Business
Shell profits double to record $40 billion | CNN Business
Hong Kong/London CNN — Shell made a record profit of almost $40 billion in 2022, more than double what it raked in the previous year after oil and…
Read more Shell profits double to record $40 billion | CNN Business
Biden administration takes another step toward advancing a controversial oil drilling project in Alaska | CNN Politics
CNN — The Interior Department’s Bureau of Land Management on Wednesday advanced the controversial Willow oil drilling project on Alaska’s North Slope, releasing the final environmental impact statement…
Read more Biden administration takes another step toward advancing a controversial oil drilling project in Alaska | CNN Politics
Here’s why you should always wait for the earnings call | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio…
Read more Here’s why you should always wait for the earnings call | CNN Business
Chevron earnings soar to a record | CNN Business
New York CNN — Chevron reported a record full-year profit of $36.5 billion, buoyed by high oil prices. Adjusted earnings for the year more than doubled from the…
Read more Chevron earnings soar to a record | CNN Business
Gas prices had a wild ride this year, making 2023 tough to predict | CNN Business
New York CNN — US drivers have never seen a year quite like 2022. Wild price swings at the gas pump throughout the year make predicting prices for…
Read more Gas prices had a wild ride this year, making 2023 tough to predict | CNN Business
Biden begins to refill Strategic Petroleum Reserve, while Keystone Pipeline leak prompts new emergency exchange | CNN Business
New York CNN — The Biden administration announced plans Friday to provide nearly 2 million barrels of oil to refineries through an emergency exchange and simultaneously begin efforts…
Read more Biden begins to refill Strategic Petroleum Reserve, while Keystone Pipeline leak prompts new emergency exchange | CNN Business