oil prices
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PublishedOctober 23, 2023
Chevron buys Hess for $53 billion, 2nd mega oil merger this month as energy prices soar
The Chevron-Hess deal comes less than 2 weeks after Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion.
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PublishedSeptember 24, 2023
Fifty years ago, the energy crisis officially began. And it hasn’t ended.
An attack in the Mideast led to an oil embargo in the West, and Mainers learned just how precarious their energy situation could be. The repercussions remain.
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PublishedAugust 3, 2023
Saudi Arabia extends cut of 1 million barrels of oil a day, potentially boosting prices at the pump
A series of production cuts over the past year has failed to substantially boost prices amid weakened demand from China and tighter monetary policy aimed at combatting inflation.
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PublishedApril 3, 2023
Surging oil prices could again frustrate inflation fight
Saudi Arabia and other leading oil producers will slash output by more than 1 million barrels a day starting in May.
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PublishedMarch 13, 2023
Biden approves major oil drilling project in Alaska over protests
The administration, in a move in the other direction toward conservation, earlier said it would bar or limit drilling in some other areas of Alaska and the Arctic Ocean.
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PublishedFebruary 10, 2023
Russia to cut oil production in retaliatory move that pushes prices up
The Kremlin is retaliating against a price cap imposed on its oil by the West. Oil prices edged up as a result.
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PublishedFebruary 7, 2023
UK energy giant BP’s profits double to $27.7 billion
High oil and gas prices have hit Britain hard, with double-digit inflation fueling a wave of public-sector strikes, soaring food bank use and demands that politicians expand a tax on the windfall profits of energy companies.
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PublishedDecember 8, 2022
Oil spill in rural Kansas creek shuts down Keystone pipeline
Oil prices briefly surged midday Thursday amid news of the spill.
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PublishedNovember 7, 2022
Even before winter’s arrival, Mainers are relying on heating assistance
The cost of heating oil is far more expensive than last season, but the Maine State Housing Authority has less money than it did last winter and more families to assist.