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A satellite image of the Sounion crude oil tanker floating in the Red Sea, showing bright spots of fire or glowing heat across the deck of the ship. The tanker is surrounded by dark blue water with visible patches of smoke trailing behind it. The vessel appears stationary with no visible crew or other vessels nearby.
Environment
Salvagers abandon burning oil tanker at risk of spill 4X the size of Exxon Valdez
By Jon Gambrell and The Associated PressSeptember 3, 2024
oil tankers at berths
Finance
Oil markets may soon get hit by a global supply glut, weakening crude prices further
By Lucia Kassai and BloombergAugust 11, 2024
rows of gold bars
Finance
Gold, copper and oil prices fall as market contagion spreads—’It’s just widespread panic’
By Mark Burton, Alex Longley, Yvonne Yue Li and BloombergAugust 5, 2024
The ExxonMobil Building
Finance
The untold story of how Exxon scored a $1 trillion oil bonanza that 30 rivals passed up
By Kevin Crowley and BloombergAugust 4, 2024
WOODSTOCK, ENGLAND - JULY 18: Prime Minister of Hungary Viktor Orbán arrives for the European Political Community Summit at Blenheim Palace on July 18, 2024 in Woodstock, England. At the 4th European Political Community Summit, Europe’s leaders will focus on energy, infrastructures, connectivity, cybersecurity, countering disinformation and migration. (Photo by Carl Court/Getty Images)
Politics
The Polish ‘are doing business with the Russians’ says Hungary’s Orbán as relations between the two nations take a hit
By Vanessa Gera, Balint Domotor and The Associated PressJuly 30, 2024
Saudi Aramco CEO Amin Nasser
Finance
The world’s top crude exporter has quadrupled imports of fuel oil to the highest level in more than 3 years
By Anthony Di Paola and BloombergJuly 12, 2024
HOUSTON, TX - JULY 3: The Russian supertanker Astro Lupus waits to unload its cargo of the first direct shipment of Russian crude oil to the United States 03 July 2002 in the Gulf of Mexico 50 miles from Houston, Texas. Russia is the world's second largest oil exporter. (Photo credit should read POOL/AFP via Getty Images)
Politics
Dozens of Russian oil tankers drift empty and idle across the world’s oceans, stranded by European sanctions
By Eleanor Thornber, Julian Lee and BloombergJuly 10, 2024
Image of Saudi Aramco's seismic robot in the desert, where they use AI to analyze geological formations deep underground.
Features
Energy giant Saudi Aramco is betting on AI to thrive after the ‘peak oil’ era
By Vivienne WaltJune 26, 2024
Warren Buffett has been on a 9-day buying tear with oil stock Occidental, and it could shed insight into Berkshire Hathaway’s bigger strategy, analyst says
Finance
Warren Buffett has been on a 9-day buying tear with oil stock Occidental, and it could shed insight into Berkshire Hathaway’s bigger strategy, analyst says
By Leo SchwartzJune 18, 2024
multi colored blocks behind large 500 number
Magazine
Introducing Fortune’s first-ever Southeast Asia 500: Firms that mine stuff, make stuff, and move stuff dominate a fast-growing region
By Clay ChandlerJune 17, 2024
person holding a bottle of crude oil
Finance
We’ll soon live in a world with a ‘staggering’ excess of oil that we can’t fully use, global energy watchdog IEA warns
By Prarthana PrakashJune 13, 2024
Saudi Aramco's Amin Nasser
Finance
Saudi Arabia’s oil giant sees massive stock offering sell out in hours as investors clamor for annual dividend payouts of $124 billion
By Matthew Martin, Julia Fioretti and BloombergJune 2, 2024
pump jack and oil barrels
Finance
OPEC+ extends oil production cuts through all of 2025 to help prop up weaker crude prices
By David McHugh and The Associated PressJune 2, 2024
2 Citgo oil execs held for 5 years in Venezuela are suing the company for $400m because they say it lured them to South America knowing they could be arrested
Finance
2 Citgo oil execs held for 5 years in Venezuela are suing the company for $400m because they say it lured them to South America knowing they could be arrested
By The Associated PressMay 31, 2024
As the EV market cools, the oil industry scorches with $250 billion in high-stakes deals and mass consolidation: ‘The bigger the company is, the more money they make’
Finance
As the EV market cools, the oil industry scorches with $250 billion in high-stakes deals and mass consolidation: ‘The bigger the company is, the more money they make’
By Will DanielMay 29, 2024
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