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Recession Fears Loom Large Over Bullish Oil Market | OilPrice.com

The price of gasoline in the U.S. hit an all-time high on Tuesday as the national average spiked $0.17/gallon from last week to $4.37/gallon, topping the previous all-time high set March 8. The European Union’s discussion of pulling back from buying Russian oil has sent additional shock waves through an already strained oil market, with …

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Oil Giants Sell Dirty Wells to Buyers With Looser Climate Goals, Study Finds

Oil Giants Sell Dirty Wells to Buyers With Looser Climate Goals, Study Finds

When Royal Dutch Shell sold off its stake in the Umuechem oil field in Nigeria last year, it was, on paper, a step forward for the company’s climate ambitions: Shell could clean up its holdings, raise money to invest in cleaner technologies, and move toward its goal of net zero emissions by 2050. As soon …

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