Friday, 5 September 2025

Focus on Fuel

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

A conveyor belt transports tons of coal at a mine (GETTY IMAGES NORTH AMERICA)
CoalMiningNewsPolitics

US ends leasing in its largest coal-producing region

Biden's government announced it was ending coal leases in the Powder River Basin, the nation's largest coal-producing region

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...

FILE - A truck carrying 250 tons of coal hauls the fuel to the surface of the Spring Creek mine, April 4, 2013, near Decker, Mont. The Biden administration is proposing to end new coal leases from federal lands in the Powder River Basin of Montana and Wyoming, which includes Spring Creek. (AP Photo/Matthew Brown, File)
CoalEmissionsFuelMiningNewsPoliticsRegulations

US proposes ending new federal leases in its biggest coal region

The Bureau of Land Management proposal would affect millions of acres of U.S. federal lands and underground mineral reserves in the Powder River...

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: Gazprom Chief Executive Alexei Miller attends a meeting with Russian President Vladimir Putin at the Kremlin in Moscow, Russia March 12, 2019. Sputnik/Alexei Nikolsky/Kremlin via REUTERS/File Photo
Natural GasNews

Gazprom CEO Miller is not on Putin’s trip to China, Gazprom says

Gazprom CEO Alexei Miller was not on Putin's state visit to China because he was holding talks with the Iranian leadership

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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