price of oil
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Shell Backtracks on Greenwashing, Renews Commitment to Drill, Baby, Drill!
Oil and gas giant Shell has walked back the greenwashing image that it had worked so hard to foster over the last few years. The company has moved away from its previous strategy to slowly decrease oil production this decade. It’s back to (openly) drilling the planet dry for profit.
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What the Omicron Variant Could Mean for Oil Prices
There’s a new coronavirus variant in town — and it may have a striking impact on oil. Global prices fell by more than 10% on Friday after the World Health Organisation declared the omicron variant a “variant of concern.” The dip marks the biggest one-day crash since the early days of the pandemic.
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The Real Reason US Petrol Prices Are So High Right Now
On Wednesday, amid a fresh surge in petrol prices, the Biden administration announced that it had asked the FTC to investigate whether oil and gas companies were doing anything illegal to manipulate prices. Republicans have countered that it’s a cheap political stunt and blamed President Joe Biden’s energy policies.
