The UN climate summit COP30 in Brazil ended in disappointment as no new commitments were made to phase out fossil fuels, despite demands from over 80 countries. Tensions flared as oil-producing nations prioritized economic growth over urgent climate action.
The Trump administration's recent approval of extensive oil drilling in Alaska's Arctic wildlife refuge has sparked outrage from environmental groups. Critics warn that this decision threatens vital wildlife habitats and Indigenous communities.
The EU has imposed new economic sanctions on Russia, targeting key sectors like oil and gas, amidst ongoing tensions over the Ukraine conflict. Ukrainian President Zelenskyy applauds the measures as crucial for peace.
Chevron has successfully acquired Hess Corporation, creating a premier integrated oil & gas company with a strong portfolio in critical energy markets. This strategic move promises significant cash flow growth and enhanced shareholder value.
In a surprising move, President Trump has exempted oil, gas, and refined products from new tariffs, sparking relief among U.S. oil producers worried about rising costs and disrupted supplies.