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Chevron and Hess logos are seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
FuelLegislationNatural GasNewsOilTrade

US FTC finalizes consent order for $53 billion Chevron-Hess merger

The U.S. Federal Trade Commission approves a consent order to resolve antitrust issues in Chevron's $53B Hess takeover.

By Reuters17 Jan 2025Reuters
News Release

Targa Resources Corp. Announces Quarterly Dividend and Timing of Fourth Quarter 2024 Earnings Webcast

HOUSTON, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares...

Issued by Targa Resources Corp.Distributed by GlobeNewswire Inc.16 Jan 2025
An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS/File Photo
AnalysisOilOpinionTrade

Column: China response key to crude oil after new sanctions on Russia

China may cut crude imports and tap inventories as U.S. sanctions on Russian oil disrupt supply, pressuring global prices.

By Clyde Russell16 Jan 2025Reuters
News Release

Parex Resources Announces 2025 Guidance and Production Update

CALGARY, Alberta, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to publish its 2025...

Issued by Parex Resources Inc.Distributed by GlobeNewswire Inc.14 Jan 2025
BusinessFuelNewsOilTrade

Ample supply, slow demand to temper oil price gains in 2025

31 economists and analysts predicted that Brent crude would average $74.33 per barrel in 2025.

By Anushree Mukherjee and Brijesh Patel2 Jan 2025Reuters
FILE PHOTO: Miniatures of oil barrels and a rising stock graph are seen in this illustration taken January 15, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessEconomyNewsOilTrade

Ample supply, slow demand to temper oil price gains in 2025

Oil prices are expected to remain around $70 a barrel in 2025 due to weak demand from China and increasing global supplies.

By Anushree Mukherjee and Brijesh Patel31 Dec 2024Reuters
FILE PHOTO: Labourers harvest cocoa pods at a farm in Assin Foso, Ghana, November 21, 2024. REUTERS/Francis Kokoroko/File Photo
AnalysisBusinessCoalCritical MineralsEconomyIndustryManufacturingOilRegulationsTrade

Cocoa tops global commodities rally for 2nd year, steel ingredients struggle on China demand

Cocoa and coffee prices surged in 2024 due to global supply deficits, while steel-making coal struggled amid China's slow growth.

By Naveen Thukral and Florence Tan31 Dec 2024Reuters
FILE PHOTO: An aerial view shows an oil factory of Idemitsu Kosan Co. in Ichihara, east of Tokyo, Japan November 12, 2021. Mandatory credit Kyodo/via REUTERS/File Photo
AnalysisBusinessElectricityFuelNatural GasNewsOffshore WindOilSolarWind

Big Oil backtracks on renewables push as climate agenda falters

Major European energy companies are slowing and sometimes reversing their renewables investments.

By Ron Bousso26 Dec 2024Reuters
FILE PHOTO: An OPEC flag is seen on the day of OPEC+ meeting in Vienna in Vienna, Austria October 5, 2022. REUTERS/Lisa Leutner/File Photo
BusinessEconomyNewsOilPoliticsTrade

OPEC+ wary of renewed US oil output rise under Trump, sources say

OPEC+ is concerned about rising U.S. oil output with Trump's return, fearing it will erode their market share and impact prices.

By Anna Hirtenstein and Alex Lawler18 Dec 2024Reuters
FILE PHOTO: A missile is launched during an exercise of the Islamic Revolutionary Guards Corps (IRGC) navy in the south of Iran, in this picture obtained on January 17, 2023. IRGC/WANA (West Asia News Agency)/Handout via REUTERS/File Photo
BusinessNewsOilPoliticsTrade

Iran’s Revolutionary Guards extend control over Tehran’s oil exports, sources say

Iran's Revolutionary Guards have tightened their grip on the country's oil industry and control up to half the exports of Iranian oil.

By Jonathan Saul and Parisa Hafezi18 Dec 2024Reuters

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Chevron and Hess logos are seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
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US FTC finalizes consent order for $53 billion Chevron-Hess merger

17 Jan 2025Reuters

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