Economic and military uncertainty clouds the outlook for Exxon, Chevron and other energy companies, whose bonanza from high prices is already fading.Exxon Mobil made $56 billion in profit last year, its largest annual haul ever. Chevron earned $36 billion, also a…
Pandemic lockdowns curbed Chinese energy demand, but the International Energy Agency expects a rebound this year.With its economy severely hampered by stringent measures to curb the spread of Covid-19, China’s oil and gas consumption declined in 2022 for the first time…
The move appears to signal an end to the government’s effort to sell oil from a strategic reserve to help tamp down energy prices, which soared after Russia’s invasion of Ukraine.The Biden administration said on Friday that it would buy three…
