US oil producers reject requests to unlock the taps to control war-related price increases

Seattle | America's biggest oil and gas producers are limiting their output despite pleas from the Biden administration to increase production and record profits from rising fuel costs brought on by Russia's conflict in Ukraine.

As strong crude and natural gas prices fill the industry's coffers, leading shale oil and gas companies ConocoPhillips, Pioneer Natural Resources, and Devon Energy all announced a substantial incr....