Environment

For years politicians have said the booming American oil industry would make the country “energy independent.” Indeed, the United States is the world’s largest producer of oil. That puts it two spots ahead of Russia, which shocked the world — and oil markets — by invading Ukraine. Saudi Arabia is the second-largest producer The move

Turkish Foreign Minister Mevlut Cavusoglu said Saturday that he’d welcome sanctioned Russian oligarchs into his country as both tourists and investors, as long as any business dealings were kept within the realms of international law. Turkey has been in the spotlight this week with its coastal waters seeing the arrival of two multimillion-dollar superyachts, reportedly

Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Reuters A huge plume of smoke could be seen above an oil facility in the Saudi Arabian city of Jeddah on Friday, according to multiple media reports, shortly after Yemen’s Houthi group said they would be

Travelers can expect higher airfares this spring and summer, even on discount airlines. Frontier Airlines CEO Barry Biffle told CNBC’s “Closing Bell” Friday that bookings and what travelers are paying for tickets as well as add-ons like baggage fees are the highest in the pandemic. “Even with the high fuel prices we believe we can

U.S. President Joe Biden and European Commission’s President Ursula von der Leyen shake hands after speaking about steel and aluminium tariffs, on the sidelines of the G20 leaders’ summit in Rome, Italy October 31, 2021. Kevin Lamarque | Reuters The U.S. said Friday it will work with international partners to provide at least 15 billion

David Paul Morris | Bloomberg | Getty Images High gas prices have put a strain on many Americans’ budgets. Now some Democratic lawmakers are proposing a possible solution: direct rebate payments to Americans. Three congressional leaders have proposed $100 energy rebate payments that would be sent to Americans during any month where the national average

Civilians continue to flee from Irpin due to ongoing Russian attacks in Irpin, Ukraine on March 07, 2022. Wolfgang Schwan | Anadolu Agency | Getty Images On the morning that Russia went to war with Ukraine, Fadey woke up at 9am to a deluge of Telegram messages from friends asking him what was happening on

Gas prices stay high as people line up for discounted prices at Costco. Regular at $5.39 per gallon. Robert Gauthier | Los Angeles Times | Getty Images Low-earners bore the brunt of the economic fallout after the initial onset of Covid-19. Now, as gas prices have spiked and historic high inflation drives consumer costs up,

Smith Collection/Gado | Archive Photos | Getty Images LONDON — Britain’s Royal Mint plans to build a facility that will extract gold from electronic waste, with the plant set to be fully up and running in 2023. In a statement Monday, the government-owned company which manufactures precious metal products and coins said it would use

A sign reflects the price per gallon of fuel at a gas station on March 10, 2022 in Miami, Florida. Joe Raedle | Getty Images Americans are feeling the pinch of rising gas prices. Now two states — Maryland and Georgia — are temporarily suspending their gas taxes in order to help their residents save

The U.S. has been “extremely trigger-happy” with stinging economic measures, and central banks may decide to diversify their portfolio of foreign reserves instead of relying heavily on the U.S. dollar, according to the co-director of the Institute for the Analysis of Global Security. “Central banks are beginning to ask questions,” said Gal Luft of the

UN Secretary General António Guterres photographed at the COP26 climate summit in Glasgow, Scotland on Nov. 11, 2021. Jeff J Mitchell | Getty Images News | Getty Images The U.N. Secretary General issued a stark warning Monday, saying the planet had emerged from last year’s COP26 summit in Glasgow with “a certain naïve optimism” and

Gas prices in Westchester are above six dollars as prices at the pump continue to rise across the Southland on Sunday, March 13, 2022 in Los Angeles, CA. Jason Armond | Los Angeles Times | Getty Images Oil prices jumped even higher on Monday after Russia-Ukraine talks appeared to yield no sign of progress, and

Cyclists photographed in Lisbon, Portugal, in October 2018. Kamisoka | Istock Unreleased | Getty Images Speed limits on highways should be cut by at least 10 kilometers per hour (6.2 mph) to help lower oil demand, the International Energy Agency said Friday. The recommendation is part of a wider 10-point plan published by the Paris-based

An employee looks on at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Reuters Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion. Aramco’s 2021 net income increased by 124% to $110 billion in 2021,

Luke Sharrett/Bloomberg High gasoline prices are impacting all American drivers — but low-income households bear the brunt of it. That’s because low earners funnel a bigger share of their budgets to transportation costs and other staples, like food and energy, relative to wealthier households. U.S. gas prices had jumped to $4.32 a gallon, on average,

A picture taken on November 10, 2019, shows an Iranian flag in Iran’s Bushehr nuclear power plant, during an official ceremony to kick-start works on a second reactor at the facility. ATTA KENARE | AFP via Getty Images Russia has walked back its threat to torpedo the revival of the 2015 Iranian nuclear deal over

Mischa Keijser | Image Source | Getty Images Clean energy is attracting billions of dollars in investments, but as the pace and scope of the transition to a greener economy accelerates, experts say the trend is just getting started. “I think we’re early days,” Eli Aheto, managing director at BeyondNetZero, said recently at CERAWeek. “There

Cargo ships load and unload containers at Qingdao Port’s foreign trade container terminal in Qingdao, East China’s Shandong Province, Nov 11, 2021. Yu Fangping | Costfoto | Barcroft Media | Getty Images China’s trade surplus surged to historic highs during the pandemic as people consumed more goods than before, but analysts say the Russia-Ukraine war

Gas prices in Westchester are above six dollars as prices at the pump continue to raise across the Southland on Sunday, March 13, 2022 in Los Angeles, CA. Jason Armond | Los Angeles Times | Getty Images Some Washington lawmakers are seeking to help curb prices at the gas pump by temporarily suspending the federal