Exxon Mobil Corp
Romania Sees an Opening to Become an Energy Power in Europe
CERNAVODA, Romania — A row of hulking concrete domes loom along the Danube-Black Sea Canal in Cernavoda, about two hours east of Bucharest. Two of the structures house nuclear reactors feeding Romania’s electrical grid. Two others were begun decades ago and are still waiting for completion — though, perhaps, not for long. “We have major […]
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Exxon Bans Outside Flags, Like the Pride Banner, From Company Flagpoles
Exxon Mobil will no longer allow banners of outside organizations on its flagpoles, angering some employees who in the past had flown a rainbow pride flag. The new policy allows only government flags and those representing Exxon Mobil and its employee resource groups, which are employee-led affinity organizations that are generally blessed by employers. Workers […]
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The Future Turns Dark for Russia’s Oil Industry
In the longer term, though, the future of the Russian industry, which bankrolls a large portion of the government budget, has turned cloudy. China, for instance, is a hard bargainer that pays only a fraction of the price for Russian natural gas that customers in rich European countries like Germany and Italy are now paying. […]
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Russia’s Moves in Ukraine Unsettle Energy Companies and Prices
Russia’s recognition of two breakaway regions in eastern Ukraine could threaten important investments of Western oil giants and further drive up global energy prices in the next few weeks. Since the closing days of the Cold War, Russia’s energy-based economy has become entwined with Europe’s. European energy companies like BP, TotalEnergies and Shell have major […]
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Why Are Oil Prices So High and Will They Stay That Way?
HOUSTON — Oil prices are increasing, again, casting a shadow over the economy, driving up inflation and eroding consumer confidence. Crude prices rose more than 15 percent in January alone, with the global benchmark price crossing $90 a barrel for the first time in more than seven years, as fears of a Russian invasion of […]
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