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    NPR
    Business
    Saudi Energy Minister Abdulaziz bin Salman speaks at an investment conference in Riyadh, Saudi Arabia, on Jan. 27. OPEC and its allies on Thursday decided to gradually boost oil production in anticipation of a rebound in crude demand over the summer.
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    OPEC+ To Gradually Boost Oil Production Ahead Of Expected Summer Rebound In Demand

    Apr 01, 2021
    Citing vaccination rollouts and various stimulus packages globally, the powerful oil cartel and its allies made a surprise announcement that it would gradually boost oil production over three months.
    NPR
    Energy
    Amin Nasser, president and chief executive officer of Saudi Aramco, speaks during the fourth edition of the Future Investment Initiative conference at the Ritz-Carlton hotel on Jan. 27, in Riyadh, Saudi Arabia.
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    Saudi Oil Giant Aramco Reports 44% Profit Slump In 2020 Amid Coronavirus Pandemic

    Mar 21, 2021
    Saudi Arabia's state-backed oil company earned $49 billion last year as the pandemic slashed fuel demand around the globe, in what its CEO called "one of the most challenging years in history."
    NPR
    National
    Rep. Deb Haaland D-N.M., sworn in during a Senate Committee hearing on Feb. 23 in Washington, D.C. She was confirmed as first Native American Interior Secretary on Mar. 15.
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    Energy-Producing Tribal Nation Hopes New Interior Secretary Will Make Drilling Easier

    Mar 18, 2021
    The Osage Nation is one of a dozen tribal nations in the U.S. that have significant oil and gas reserves. Its citizens are optimistic that Deb Haaland will help them keep extracting fossil fuels.
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    NPR
    Energy
    Oil pump jacks operate at dusk in Long Beach, Calif., on April 21, 2020. After getting burned by the oil industry's previous boom-and-bust cycles, Wall Street now wants energy companies to pump less crude, not more.
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    Hold That Drill: Why Wall Street Wants Energy Companies To Pump Less Oil, Not More

    Mar 06, 2021
    After bankrolling oil companies for years and seeing poor returns, investors are now pressuring companies to keep their oil output lower, instead of higher.
    NPR
    Energy
    A pumpjack operates in the desert oil fields in southern Bahrain on April 22, 2020. Bahrain and other members of the OPEC+ alliance decided Thursday to keep output largely unchanged as they hope to push crude prices even higher after a recent rally.
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    OPEC And Allies Keep Oil Production Steady As Saudi Arabia Urges 'Caution'

    Mar 04, 2021
    Oil prices have risen remarkably over the last few months. Now the powerful oil cartel is keeping a lid on supply in an attempt to push crude prices even higher.
    NPR
    World
    Sheikh Ahmed Zaki Yamani, Saudi Arabia's then-oil minister on Dec. 1, 1973, in London during talks on the oil crisis.
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    Ahmed Zaki Yamani, Key To Making Saudi Arabia A World Oil Power, Dies At 90

    Feb 23, 2021
    He was Saudi Arabia's oil minister for nearly 25 years, rising to fame for engineering the 1973 oil embargo and negotiating Saudi control of Aramco from U.S. fuel giants.
    Fifth Street

    February 18, 2021

    Feb 18, 2021
    Taco the Town | 'Not an Oil and Gas State' | Media Sommelier
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    NPR
    President Biden Takes Office
    A sign in the Jonah Field advertises cheap rates at a deserted motel built for oil and gas workers.
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    A Wyoming County Predicts 'Total Economic Devastation' From Biden Leasing Ban

    Jan 28, 2021
    Most of the oil and gas drilled in Wyoming comes from federal land and communities there are bracing for job losses and school funding cuts in the wake of a Biden administration pause on new leasing.
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    NPR
    Business
    Hurricane Laura sends large waves crashing on a beach in Cameron, La., on Aug. 26 as an offshore oil rig appears in the distance. The most active hurricane season on record was just one of many challenges facing the oil industry this year — aside from
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    It Wasn't Just The Pandemic: Oil's Terrible, No Good, Very Bad Year

    Dec 31, 2020
    The coronavirus-induced collapse in oil demand stole all the headlines. But oil companies faced a myriad of other woes, too, from hurricanes to itchy investors — and, of course, climate change.
    NPR
    Business
    An Exxon station in Hicksville, N.Y., in March. Exxon Mobil Corp. announced up to $20 billion in write-downs of natural gas assets, the biggest such action ever by the company.
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    Exxon Writes Off Record Amount From Value of Assets Amid Energy Market Downturn

    Dec 01, 2020
    Exxon, which usually avoids writing down assets, has announced its largest-ever impairment after canceling plans for natural gas projects in the Americas.
    NPR
    Business
    An oil rig towers over houses last week in Nigg, Scotland. Major players in the oil industry expect depressed oil demand and low prices to continue well into next year.
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    Oil Demand Has Collapsed, And It Won't Come Back Any Time Soon

    Sep 15, 2020
    The pandemic massively reduced the world's consumption of oil. Now two influential reports suggest that this state of affairs will continue well into 2021 — if not longer.
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    NPR
    The Coronavirus Crisis
    Pump jacks operate at dusk near Loco Hills in Eddy County, New Mexico, on April 23. U.S. oil producers are grappling with prolonged low oil prices and the uncertainty created by the coronavirus pandemic.
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    Oil Industry, Accustomed To Booms And Busts, Is Rocked By Pandemic

    Jul 15, 2020
    When the price of oil crashes, oil companies often merge and big oil gets even bigger. So this crisis could be an opportunity for companies, but it comes with a tremendous amount of uncertainty.
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    NPR
    The Coronavirus Crisis
    Lendon Partain, a well technician, has never seen so many pump jacks idled across Andrews County. "Right now it's scary," he said.
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    Historic Oil Bust Delivers A Gut Punch To 1 High-Flying Texas County

    May 11, 2020
    Oil companies have slashed production across West Texas and Southeast New Mexico, where communities are also hurting from pandemic-driven business shutdowns.
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    NPR
    The Coronavirus Crisis
    Producers have kept pumping oil, even if they're not making money, partly because wells — once shut down — can be difficult to get back up and running. Here, a pump jack operates at Willow Springs Park in Long Beach, Calif.
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    Why The World Is Still Pumping So Much Oil Even As Demand Drops Away

    Apr 22, 2020
    The pandemic means the world is using far less oil. But pumps are still going, creating a huge oversupply. Companies are often willing to operate pumps at a loss — for a little while.
    NPR
    Coronavirus Live Updates
    Pump jacks draw crude oil near Long Beach, Calif., on March 9. A U.S. crude oil benchmark has hit record lows.
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    Free-Falling: U.S. Oil Drops Below $2 Per Barrel As Demand Disappears

    Apr 20, 2020

    West Texas Intermediate hit the single digits for the first time in many decades, then kept plummeting, with oil selling for less than $2 a barrel. At the start of 2020, a barrel cost around $60.

    NPR
    Coronavirus Live Updates
    An oil tanker sits at the port of Ras al-Khair in Saudi Arabia in December. The world is approaching the limits of its capacity to store and ship oil, thanks to an unprecedented glut.
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    Oil Prices Keep Slipping As Demand Drops By Record Amounts

    Apr 15, 2020
    The International Energy Agency says the industry is about to test the limit of how much oil it can transport and store, given the phenomenal drop in demand caused by the coronavirus pandemic.
    NPR
    The Coronavirus Crisis
    Pump jacks draw crude oil from the Long Beach Oil Field near homes in Signal Hill, Calif., on March 9. The world's crude oil supply is rising even as demand is cratering.
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    We're Barreling Toward An Epic Glut Of Oil

    Mar 20, 2020
    The supply of oil has surged as the coronavirus pandemic has destroyed demand. Prices have plummeted and analysts are starting to ask if the world will have enough space to store all the extra oil.
    NPR
    Business

    Oil Prices Reflect Concern, Not Panic, After Airstrike On Iranian General

    Jan 03, 2020
    Global oil prices rose by about 4% — a modest increase by historical standards — after the U.S. military killed Qassem Soleimani, the leader of Iran's Quds Force, in an airstrike in Baghdad.
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    NPR
    Business
    Bernadette Demientieff of the Gwich'in Steering Committee participates in a December 2017 event in Washington, D.C., at which advocates pushed Congress to protect the Arctic National Wildlife Refuge from oil development.
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    As Climate Warnings Grow Dire, Energy Companies Face A 'New Frontier Of Threats'

    Dec 02, 2019
    Natural disasters, protests and stark scientific reports are heightening concern over climate change. And companies are under pressure from banks and investors to green their corporate images.
    NPR
    Opinion
    A convoy of U.S. military vehicles, arriving from northern Iraq, drives past an oil pump jack in the countryside of Syria's northeastern city of Qamishli on Oct. 26.
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    Opinion: Syria's Oil Output Is Low, But Here's Why It Matters

    Oct 31, 2019
    What happens to the country's resources — once a revenue stream for ISIS — will be important not to world oil markets but to the future of Syria itself, write Roger Diwan and Daniel Yergin.
    NPR
    Energy
    Oil well pumps are seen in Syria's northeastern Hasakeh province in 2015. President Trump is renewing his push for U.S. control of Syrian oil.
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    FACT CHECK: President Trump's Plans For Syrian Oil

    Oct 28, 2019
    The president is renewing his push for U.S. control of Syrian oil. Experts say the limited oil there belongs to Syria, but it may provide a pretext for a continued U.S. presence in the country.
    NPR
    Book Reviews
    <em>Blowout,</em> by Rachel Maddow
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    'It All Ties,' Rachel Maddow Says Of Oil And Gas, Russia And Democracy In 'Blowout'

    Oct 02, 2019
    The MSNBC host's book compiles the most convincing research and journalism on the harm oil and gas have done to global democracy, and then weaves together a narrative of greed, power and corruption.
    NPR
    National
    Greenpeace USA climbers rappelled off and formed a blockade on the Fred Hartman Bridge near Baytown, Texas, shutting down the Houston Ship Channel, the largest fossil fuel thoroughfare in the United States.
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    Activists Say New Laws To Protect Critical Infrastructure Aim To Silence Them

    Sep 25, 2019
    Climate activists protesting oil and gas are the first charged under a new critical infrastructure law in Texas. Supporters say the laws protect ports, pipelines and other sensitive places.
    NPR
    Middle East
    Saudi Arabia's military displays what it says is wreckage from drones and cruise missiles used to attack Saudi Aramco oil facilities. A Saudi spokesman says the weapons did not come from Yemen, as a rebel group has claimed, but from Iran.
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    Saudi Arabia Says Iran 'Unquestionably Sponsored' Attack On Oil Facilities

    Sep 18, 2019
    "This attack did not originate from Yemen despite Iran's best efforts to appear so," said Saudi Col. Turki al-Malki. U.S. Secretary of State Mike Pompeo called it an "act of war" against the kingdom.
    NPR
    Middle East
    This satellite image shows smoke rising from Saudi Aramco's Abqaiq oil processing facility in Saudi Arabia.
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    Iran Denies It Is Behind Drone Attacks On Oil Plants In Saudi Arabia

    Sep 15, 2019
    Houthi rebels in Yemen have claimed responsibility for the attacks, but Secretary of State Mike Pompeo accused Iran of launching an "unprecedented attack on the world's energy supply."

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