Focus on Oil
Biden releasing 1 million barrels of gasoline from Northeast reserve in bid to lower prices at pump
The Biden administration said Tuesday it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a...
Suncor not rushing to secure additional supply for Base Plant oilsands facilities
Suncor Energy Inc. says it will be more than five years before it makes any significant investments to secure additional bitumen supply to...
State officials call on top funds to vote against two Exxon directors
State financial officers and other public and labor leaders on Tuesday called for major asset managers to vote against top Exxon directors
Hess facing three lawsuits over disclosures in Chevron deal
Oil producer Hess on Tuesday said it is currently facing three lawsuits alleging inadequate disclosures over its proposed sale to Chevron.
Shell shareholders reject investor climate resolution
Shell climate resolution overwhelmingly rejected by shareholders during meeting punctuated by protests.
Climate protesters accuse Shell chair of ‘greenwashing’ at AGM
Shell AGM protests see crowds interrupt chairman Sir Andrew Mackenzie, who attempted to defend company's stance on climate in remarks to shareholders.
NGOs seek climate trial of French oil giant TotalEnergies
NGOs filed a criminal complaint against oil giant TotalEnergies on Tuesday, seeking a trial for consequences of climate change "chaos"
Oil shipments at risk from rising sea levels, think tank warns
Rising sea levels could disrupt crude oil shipments and erode energy security, with the world's biggest terminals vulnerable to flooding
U.S. natural gas producer Chesapeake Energy cuts jobs
Chesapeake Energy began laying off employees this week after completing the divestiture of its oil assets last year
