Focus on Oil

FILE PHOTO: A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier/File photo

Oil prices extend losses on uncertainty over Trump tariff impact

By Nicole Jao NEW YORK (Reuters) -Oil fell 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring...

By Nicole Jao22 Jan 2025Reuters

FILE PHOTO: The headquarters of U.S. energy exporter and pipeline operator Kinder Morgan Inc. is seen in Houston, Texas, U.S. September 27, 2020. REUTERS/Gary McWilliams/File Photo

Business Economy Infrastructure Natural Gas News Oil

Pipeline operator Kinder Morgan misses estimates for fourth-quarter profit

By Vallari Srivastava (Reuters) – U.S. pipeline operator Kinder Morgan said on Wednesday it remains bullish on growth in demand for natural gas...

By Vallari Srivastava22 Jan 2025Reuters

Business News Oil

SLB’s Russian assets valued at $600 million in 2024, unchanged from 2023

(Reuters) – Top U.S. oilfield services company SLB said its net assets in Russia amounted to about $600 million at the end of...

By Reuters22 Jan 2025Reuters

FILE PHOTO: A general view of the Lyondell-Basell refinery in Houston, Texas February 1, 2015. REUTERS/Richard Carson/File Photo

Business Economy News Oil

Lyondell to begin closure of Houston refinery this weekend, sources say

By Erwin Seba HOUSTON (Reuters) -LyondellBasell Industries will begin the permanent closure of its 263,776 barrel-per-day Houston refinery this coming weekend, said people...

By Erwin Seba22 Jan 2025Reuters

A view of an oil pump jack on the prairies near Claresholm, Alberta, Canada January 18, 2025. REUTERS/Todd Korol

Analysis Oil Politics

Trump’s climate withdrawal creates rare discord with Big Oil

U.S. oil and gas producers welcome Trump's push for domestic energy but fear exiting climate deals could hurt global clean energy investments.

By Valerie Volcovici and Sheila Dang22 Jan 2025Reuters

The Energy Skills Passport will help workers go from oil and gas to offshore wind (Big Partnership/PA)

Economy Labour Natural Gas News Oil Politics

Pilot scheme to help oil and gas workers transition to renewables launches

Oil and gas workers looking to transition into careers in the renewables industry will be given greater support under a new pilot scheme...

By Craig Meighan22 Jan 2025UK PA Media

FILE PHOTO: Plastic letters arranged to read "Sanctions" are placed in front of Russian flag colors in this illustration taken February 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Business News Oil Politics Trade

Middlemen have halted Russian oil cargo offers after US sanctions, Indian refiner says

By Nidhi Verma NEW DELHI (Reuters) – Middlemen supplying Russian oil are not offering cargoes due to new U.S. sanctions targeting Russian producers,...

By Nidhi Verma22 Jan 2025Reuters

Business Fuel Natural Gas News Oil Politics Trade

Citi raises average 2025 oil price forecasts, citing geopolitical risks

Citi on Wednesday raised its oil price outlook for 2025 due to geopolitical risks centred on Russia and Iran.

By Reuters22 Jan 2025Reuters

A view inside the Pilot Co. company's headquarters in Knoxville, Tennessee, U.S., October 8, 2021. REUTERS/Harrison McClary/File Photo

Business News Oil

Exclusive: Warren Buffett’s Pilot Co shuts oil trading business, sources say

By Shariq Khan and Georgina McCartney NEW YORK/HOUSTON (Reuters) – Warren Buffett’s Pilot Co is shuttering its international oil trading business, ending an...

By Shariq Khan and Georgina Mccartney21 Jan 2025Reuters