Chancellor of the Exchequer Jeremy Hunt is weighing proposals to extend the UK’s windfall tax on the profits of oil and gas companies as one of several revenue-raising options under consideration to help finance personal tax cuts at his budget next week.

The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector's greenhouse gas emissions, documents reviewed by Reuters showed.

Mining companies are likely to reduce shareholder dividends as they prioritize investments in finding and developing new resources due to rising commodity prices and potential shortages.

Republican lawmakers accuse IEA of becoming energy transition cheerleader US lawmakers claim IEA discouraged investment in energy supply IEA under pressure over oil demand forecasts and funding from U

Angola is producing about 1.1. million barrels per day of crude, similar to its level before it exited the Organization of the Petroleum Exporting Countries, and expects to maintain those volumes at least until 2027.

(Bloomberg) -- US Energy Secretary Jennifer Granholm praised oil executives for boosting output and lauded the industry’s “creative visionaries” in an attempt to ease tensions between the Biden administration and fossil-fuel producers.Most Read from BloombergBiden…

European Union countries unanimously agreed on Thursday to quit an international energy treaty over concerns that it protects fossil fuel investments and undermines efforts to fight climate change, the Belgian EU presidency said.