Oil prices have been on a rollercoaster lately. They've just had their biggest two-day drop in almost a month. Why? Well, it's a mix of things. First, there are these peace talks about Ukraine. If a deal happens, it could mean fewer sanctions on Russia. That would let more Russian oil flow into the
ExxonMobil is taking California to court over new laws that want the company to be open about its climate impact. The laws say big companies like Exxon must share details about the greenhouse gases they produce, both directly and indirectly. The company says these laws force them to share informati
Oil refineries have a problem: they produce a lot of waste. But what if this waste could be turned into something useful? Researchers have been looking into this idea. They took two types of waste: oily sludge (OS) from refineries and algal biomass (AB) from wastewater treatment. The goal was to see
Oil production is getting a boost. OPEC+ has decided to increase its output faster than planned. This move comes as summer demand for oil is high. The group, led by Saudi Arabia, is looking to regain market share. Eight key members of the alliance met and agreed to raise production by 548, 000 barr
Oil is a big deal for Iran. It makes up over 40% of the country's exports. So, when Trump threatened to punish countries buying Iranian oil, it was a significant move. This threat came just after planned talks between the US and Iran were delayed. The talks, set to happen in Rome, were supposed to d
Oil prices took a hit recently, continuing a downward trend that started with the announcement of new tariffs. This drop happened even though there was a significant decrease in U. S. oil inventories, as reported by the American Petroleum Institute. The API noted a large draw of 4. 565 million barre
Oil spills are a big problem for our planet's water bodies. They hurt marine life and can last for a long time. People have been trying different ways to clean them up, like physical methods, heating, using living organisms, and chemicals. But these don't always work well. Chemical dispersants are p
Exxon Mobil is betting big on lowering emissions, and analysts at UBS think this could pay off handsomely by the end of the decade. The company is putting $20 billion into various green projects, like carbon capture, biofuels, and hydrogen. UBS sees these initiatives as a key growth driver for the l
Exxon Mobil's CEO, Darren Woods, has a piece of advice for President-elect Donald Trump: stick with the Paris Climate Agreement. In an interview with The Wall Street Journal, Woods shared his thoughts on Trump's plan to withdraw from the accords for the second time. He pointed out that this back-and
Exxon Mobil just had a quarter to remember, but not everything is rosy. The oil giant hit a production high not seen in over four decades, pumping out 3. 2 million barrels of liquids daily. However, profits took a dip, falling about 5% compared to the same time last year. Why? Blame it on refining m
