Tag Archives: Fossil fuels

A jump in gas prices puts 3 gallons

U.S. The prospect of summer drivers filling up on the highway is gaining ground in the price of gasoline, a sign of economic recovery and an epidemic devastation is a boon for the energy industry. Considering oil recovery and growing consumer demand, gasoline prices at U.S. pumps hit an average …

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Saudi Arabia will increase oil output amid recovery in prices

Saudi Arabia plans to increase its oil production next month, in contrast to the recent decline in large production, a sign of growing confidence in the recovery in oil prices, Kingdom advisers said. The world’s largest oil exporter surprised oil markets last month when it said it would cut crude …

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Why is Texas experiencing a power outage?

Millions of Texans remained without electricity Wednesday morning, although temperatures in most parts of the state rose above freezing, potentially signaling the state’s power grid service could make significant progress to the restored service. Texas’ pockets plunged into widespread power outage on their third day amid extended winter storms, as …

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OPEC, Ellis Agreement for small production surplus

The Organization of the Petroleum Exporting Countries and its allies are closing an agreement to increase their mass oil production by a modest 500,000 barrels a day starting next month, people familiar with the matter said. The deal will mark a compromise between some of the world’s largest manufacturers as …

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