Oil

Democratic inflation fix bill is flawed

The Democrats believe they can control inflation with a bill dubbed the 'Consumer Fuel Price Gouging Prevention Act' being rolled out in the coming week.

Saudi oil giant Aramco's first-quarter profits surge 80%

Oil giant Saudi Aramco said Sunday its profits soared more than 80% in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and surging oil prices following Russia’s invasion of Ukraine.

$230M settlement reached over 2015 California oil spill

The owner of an oil pipeline that spewed thousands of barrels of crude oil onto Southern California beaches in 2015 has agreed to pay $230 million to settle a class-action lawsuit brought by fishermen and property owners, court documents show.