Pipeline Winding in Summer Mountain Landscape Sarkophoto | Istock | Getty Images From the first discovery in Prudhoe Bay in 1968, Alaskans have had a love-hate relationship with oil. On one hand, it allowed Alaska to abolish its state income tax, fund most government operations and provide every Alaskan with a dividend that continues to…
Dilara Irem Sancar | Anadolu | Getty Images Iran’s oil minister on Wednesday criticized the effects of war-led disruptions to oil markets, weeks after Tehran’s 12-day hostilities with Israel sent crude price soaring. In remarks via videoconference for the OPEC seminar in Vienna, Mohsen Paknejad said, “Whatever the cause, an aggression of war that leads…
The OPEC logo is displayed on a mobile phone screen in front of a computer screen displaying OPEC icons in Ankara, Turkey, on June 25, 2024. Anadolu | Anadolu | Getty Images Eight oil-producing nations of the OPEC+ alliance on Saturday agreed to lift their collective crude production by 548,00 barrels per day, as they…
The logo of British oil major BP. Sopa Images | Lightrocket | Getty Images For weeks, market tongues have been wagging about a potential merger between Britain’s oil giants — until, ending weeks of speculation, Shell on Thursday denied reports that it’s in talks to acquire BP. But how did we get to the point…
