The oil and gas terminal at the Port of Odessa in Odessa, Ukraine, on Saturday, Jan. 22, 2022.Christopher Occhicone | Bloomberg | Getty ImagesU.S. crude oil surged more than 7% in Sunday evening trade as the market continued to react to supply disruptions stemming from Russia’s ongoing invasion of Ukraine and the possibility of a…Continue Reading

A Lukoil gas station attendant pumps gas in a customer’s car on March 04, 2022 in the Canarsie neighborhood of Brooklyn in New York City.Michael M. Santiago | Getty ImagesIn a first pass at gauging the economic impact from the Ukraine invasion, forecasters say the U.S. will grow more slowly with higher inflation, Europe’s economy…Continue Reading

Carl Icahn has sold the last of what was once a 10% stake in energy company Occidental Petroleum, The Wall Street Journal reported, ending an uneasy relationship between the billionaire activist investor and the oil-and-gas producer just as the latter’s shares surge.Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016.David A.…Continue Reading

Shell officially changed its name on Friday, ditching “Royal Dutch”, which has been part of its identity since 1907.Rick Wilking | ReutersOil major Shell has sought to defend its decision to buy a heavily-discounted consignment of oil from Russia, saying it would commit the profits to a fund dedicated to humanitarian aid for Ukraine.On Friday, Shell…Continue Reading