LONDON (AP) — British energy firm BP reported record annual earnings Tuesday, fueling demands that the U.K. government boost taxes for companies benefiting from the high price of oil and natural gas after Russia’s invasion of Ukraine. London-based BP said underlying...
By David Mchugh in Frankfurt FRANKFURT, Germany (AP) — Europe imposed a ban Sunday on Russian diesel fuel and other refined oil products, slashing energy dependency on Moscow and seeking to further crimp the Kremlin’s fossil fuel earnings as punishment...
By Raf Casert And David Mchugh in Brussels BRUSSELS (AP) — U.S. Treasury Secretary Janet Yellen said Friday that industrialized countries in the Group of Seven are imposing a price cap on refined Russian oil products such as diesel and kerosene, as part of a coalition...
By Ken Miller And David Sharp in Austin The mayor of Austin, Texas, responded to mounting criticism and apologized Friday for a lack of communication with residents as a winter storm coated the city in ice and cut power — and heat — to thousands of residents for days....
LONDON (AP) — Global energy giant Shell said Thursday that its annual profits doubled to a record high last year as oil and natural gas prices soared after Russia’s invasion of Ukraine. London-based Shell Plc posted adjusted earnings of $39.9 billion for 2022 in...
