By Jon Gambrell in Dubai DUBAI, United Arab Emirates (AP) — Saudi Arabia said Thursday that the U.S. had urged it to postpone a decision by OPEC and its allies — including Russia — to cut oil production by a month. Such a delay could have helped reduce the risk...
By Suzan Fraser And Dasha Litvinova in Ankara ANKARA, Turkey (AP) — Russian President Vladimir Putin on Thursday doubled down on his proposal to turn Turkey into a gas hub for Europe after deliveries to Germany through the Baltic Sea’s Nord Stream...
European Union leaders pose for a group photo during an EU Summit at Prague Castle in Prague, Czech Republic, Friday, Oct 7, 2022. European Union leaders converged on Prague Castle Friday to try to bridge significant differences over a natural gas price cap as winter...
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...
