Thursday, 6 February 2025

Focus on Oil

FILE PHOTO: The logo of American multinational oil and gas corporation ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessFinanceLiquefied Natural GasNatural GasNewsOil

CalPERS to vote against Exxon board members

CalPERS will vote against all Exxon Mobil board members at the upcoming annual meeting on May 29, a regulatory filing showed on Monday

FILE PHOTO: A view of the Phillips 66 Company's Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson, California, U.S., March 11, 2022. Picture taken March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan/File Photo
AnalysisBusinessFinanceFuelIn-DepthNewsOil

US refiners reward shareholders with big returns despite softer Q1 profits

Major U.S. fuel makers returned billions in capital to shareholders in Q1 even as refining margins softened and utilization rates fell

EconomyNatural GasNewsOilPoliticsTradeTransmission

Putin: Oil pipeline could run alongside planned gas link to China

MOSCOW — Russia could deliver oil as well as gas to China along a planned route via Mongolia, President Vladimir Putin said on...

FILE PHOTO: Chevron and Hess logos are seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
NewsOil

Glass Lewis urges Hess shareholders accept Chevron offer

Hess shareholders should vote in favor of Chevron's $53bn all-stock offer at the oil company's May 28 meeting, proxy adviser Glass Lewis said

FILE PHOTO: A Marathon Oil well site is seen, as oil and gas activity dips in the Eagle Ford Shale oil field due to the coronavirus disease (COVID-19) pandemic and the drop in demand for oil globally, in Texas, U.S., May 18, 2020. REUTERS/Jennifer Hiller//File Photo
NewsOil

Oil set for weekly gain on signs of improving demand

Oil prices are edging higher, with global benchmark Brent heading for its first weekly gain in three weeks

FILE PHOTO: The logo of the U.S. Bureau of Land Management, an arm of the Department of Interior, is seen on a sign in the Carrizo Plain National Monument, California, U.S., April 16, 2023. REUTERS/Nichola Groom/File Photo
BusinessCourtsEnvironmentFuelNatural GasNewsOilPoliticsRegulationsResiliency

Oil, gas groups sue to block US rule hiking drilling fees on federal lands

Under the new policy finalized last month, oil and gas companies will pay higher bonds to help ensure old oil and gas wells...

Officials respond after the Pelican Island Bridge was closed when a passing barge struck one of its supports, Wednesday, May 15, 2024, in Galveston, Texas. The accident caused oil to spill into surrounding waters and closing the only road connecting the city to Pelican Island. (Jon Shapley/Houston Chronicle via AP)
EnvironmentMaritimeNewsOil

Texas bridge remains closed after barge crash

Oil leaking from the barge that crashed into a Texas bridge led to the closure of about 6.5 miles of the waterway. The...

FILE PHOTO: An oil tanker sails on Lake Maracaibo, in Cabimas, Venezuela October 14, 2022. REUTERS/Issac Urrutia/File Photo
BusinessNewsOilPoliticsTrade

US to favor existing investors for Venezuela oil licenses: sources

The move appears designed to encourage companies that have projects frozen because of U.S. sanctions, such as Italy's Eni and Spain's Repsol, to...

FILE PHOTO: A Chevron gas station sign is seen in Austin, Texas, U.S., October 23, 2023. REUTERS/Brian Snyder/File Photo
BusinessNewsOil

Chevron prepares for North Sea exit after more than 55 years

Chevron is set to launch the sale of its remaining UK North Sea oil and gas assets, as it prepares for the $53bn...

A general view of a French oil Esso refinery by night in Fos-sur-Mer, France, May 13, 2024. REUTERS/Manon Cruz
NewsOil

Oil prices rise on moderate US inflation data, strong demand

U.S. crude oil, gasoline and distillate inventories fell, reflecting a rise in both refining activity and fuel demand

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