Stanley Reed
Posts
Slumping Oil Prices Reflect Intensifying Economic Worries
Fears that President Trump’s tariffs could slash global economic growth — and demand for oil as a result — were weighing on the market.
Oil Producers Follow Trump’s Tariffs With a Surprise Increase
Saudi Arabia and other members of the OPEC Plus group accelerated their program to put more oil on the market, adding to a sharp fall...
Renewable Energy Sector Braces for Trump Tariffs
The components used to assemble wind turbines are made by suppliers around the globe.
Oil Prices Drop on Trump’s Tariffs and OPEC Increases
The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump more crude surprised the...
BP to ‘Fundamentally Reset’ Strategy in Shift Back to Oil and Gas
The energy giant said it would cut planned investments in clean energy and redirect spending toward fossil fuels.
Russia Is Wooing Western Energy Companies, but Will They Return?
Industry experts say Western companies will need to weigh potential access to oil and gas riches against political risks and other hazards of doing business...
Austria, a Longtime Buyer of Russian Gas, Tries to Break the Habit
OMV, a multinational energy company based in Vienna, has shifted to other options, including increasing its own output of natural gas, drilling for oil and...
BP to ‘Reset’ Strategy After Pressure From Investors, C.E.O. Says
The energy giant was vague on details, but analysts say the changes will likely include less spending on renewable sources and a bigger investment in...
Green Energy Ambitions of European Companies Take a Beating
Orsted of Denmark and Equinor of Norway tap the brakes on offshore wind development after setbacks and market shifts.
Shell and Equinor Oil and Gas Production Is Blocked at Sites Off British Coast
A court ruling requires the British government to consider the potential climate impact of the oil and gas produced in the North Sea.