Mar 01 60 million barrels of oil to be released from global strategic reserves amid war By David McHugh, Associated Press Russia plays an outsized role in global energy markets as the third-largest oil producer. Continue reading
Feb 24 Russian attack on Ukraine rocks global markets and oil soars By Associated Press Market benchmarks in Europe and Asia fell as much as 5% as traders tried to figure out how large Putin's incursion would be and the scale of Western retaliation. Continue reading
Jan 23 Watch 4:12 In Venezuela, confidence in the democratic process wanes as Maduro maintains power By PBS NewsHour It’s been three years since opposition leader Juan Guaido’s party won Venezuela's presidential election. But despite international support for Guaido, President Nicolas Maduro continues to lead. With confidence in the democratic process waning, Venezuela is also undergoing a shrinking economy… Continue watching
Nov 20 Watch 8:50 In California, an effort to protect frontline communities from environmental health risks By Tom Casciato More than seven million Californians live within a mile of an oil or gas well, which studies show can create silent health hazards. Now, there are efforts to put more distance between people and pollutants. NewsHour Weekend Special Correspondent Tom… Continue watching
May 23 Average US price of gas jumps 8 cents per gallon to $3.10 By Associated Press The highest average price in the nation right now is $4.23 a gallon in the San Francisco Bay Area. The lowest average is $2.53 in Houston. Continue reading
Mar 21 Oil giant Saudi Aramco sees 2020 profits drop to $49 billion By Isabel Debre, Associated Press Saudi Arabia’s state-backed oil giant Aramco says its profits nearly halved in 2020 to $49 billion. Sunday's announcement of the big drop came as the coronavirus pandemic roiled global energy markets. Continue reading
Jan 06 U.S. holds first lease sale for Alaska’s Arctic refuge By Becky Bohrer, Associated Press A state corporation, the Alaska Industrial Development and Export Authority, was the main bidder on the leases. Its executive director, Alan Weitzner, in a statement, said in acquiring nine tracts, "Alaska preserves the right to responsibly develop its natural resources."… Continue reading
Nov 27 6 U.S. Citgo executives convicted and sentenced to prison in Venezuela By Associated Press Attorneys and relatives of the so-called Citgo 6 said the men were wrongly convicted, and the defense lawyers vowed to appeal Thursday's verdicts. Continue reading
May 02 Solar, wind energy struggle as coronavirus takes toll By Cathy Bussewitz, John Flesher, Patrick Whittle, Associated Press The U.S. renewable energy industry is reeling from the new coronavirus pandemic, which has delayed construction, put thousands of skilled laborers out of work and sowed doubts about solar and wind projects on the drawing board. Continue reading
Apr 21 Watch 4:08 The cascading economic effects of plummeting oil prices The collapse of the global oil market reflects a broader drop in demand across all areas of the economy, as business activity during the pandemic remains near a standstill. What caused this historic decline in oil prices, and what does… Continue watching