By Adam Beam in Sacramento California Gov. Gavin Newsom will call a special session of the state Legislature to pass a new tax on oil companies. Newsom said Friday the session would begin Dec. 5. He accused oil companies of price gouging. The average price for a...
FRANKFURT, Germany (AP) — Major oil-producing countries led by Saudi Arabia and Russia have decided to slash the amount of oil they deliver to the global economy. And the law of supply and demand suggests that can only mean one thing: higher prices are on the way for...
By David Mchugh in Frankfurt FRANKFURT, Germany (AP) — The OPEC+ alliance of oil-exporting countries decided Wednesday to sharply cut production to support sagging oil prices, a move that could deal the struggling global economy another blow and raise politically...
COPENHAGEN, Denmark (AP) — Sweden has sent a vessel capable of “advanced diving missions” to the Baltic Sea area where ruptured undersea pipelines had leaked natural gas for days, the Swedish navy said Monday. Russian President Vladimir Putin on Friday accused the...
By David Mchugh Europe faces “unprecedented risks” to its natural gas supplies this winter after Russia cut off most pipeline shipments and could wind up competing with Asia for already scarce and expensive liquid gas that comes by ship, the International Energy...
