Focus on Oil
Citgo share auction creditors oppose terms of Elliott-affiliate’s bid
Creditors criticize Elliott's $7.3B Citgo bid, claiming it won’t cover Venezuela’s $21.3B debt from expropriations.
Big oil’s big payouts under strain as energy prices fall
By Ron Bousso LONDON (Reuters) -Major energy companies are set to borrow billions to maintain shareholder payouts or cut the rate of share...
TC Energy launches South Bow Corp. as independent crude oil pipeline business
TC Energy Corp. has completed its spinoff of South Bow Corp., its crude oil pipelines business, as an independent company.
OPEC+ unlikely to change output policy at Oct. 2 panel meeting
Oil prices have fallen in 2024, pressured by concern about global demand and rising supply outside OPEC+.
TotalEnergies, APA greenlight $10 billion oil and gas project in Suriname
TotalEnergies and APA approve Suriname's Block 58, launching the country's offshore oil and gas production.
Is Canada’s Trans Mountain Pipeline providing an inefficient fossil fuel subsidy?
Canada's Trans Mountain Pipeline fossil fuel subsidies burden taxpayers and hinder climate goals, says a report from the IISD.
UAE oil giant ADNOC swoops on German chemicals firm Covestro
Covestro accepts ADNOC's 12 billion euros takeover bid, boosting ADNOC’s diversification while Germany's chemical sector struggles.
Five workers seriously injured by blast at energy site in Alberta, RCMP say
An explosion at a Hawthorne Energy site in Cochrane, Alberta injured five workers; the fire may burn for days.
US oil demand grew to highest seasonal level since 2019 in July, EIA data shows
U.S. oil demand hit a seasonal high in July, while production declined slightly, signaling a potential supply squeeze.
