Focus on OPEC+

FILE PHOTO: U.S. Senator Edward Markey (D-MA) alongside Senate Democrats speaks during a press conference addressing a new policy that demands recipients of foreign military aid to follow international humanitarian law at the U.S. Capitol in Washington, U.S., February 9, 2024. REUTERS/Nathan Howard/File Photo

US Democrats launch bill holding oil firms accountable for any work with OPEC

The bill proposes to penalize energy companies found colluding with OPEC by revoking their eligibility for new federal leases.

By Timothy Gardner24 Jul 2024Reuters

FILE PHOTO: Oil tankers the Yamilah III and the Bow Gemini are seen anchored in New York Harbor in New York City, U.S., May 24, 2022. REUTERS/Brendan McDermid/File Photo

Business Finance Fuel News Oil Politics Trade

Oil market likely to be in surplus next year, Morgan Stanley says

Crude oil market is currently tight but next year will likely be in surplus, with Brent prices declining to $70 range, Morgan Stanley...

By Reuters22 Jul 2024Reuters

Business Economy Fuel News Oil Politics Regulations Trade

U.S. FTC probes Hess, Occidental execs over OPEC communication: report

The U.S. Federal Trade Commission is probing executives from major oil firms over their communications with OPEC officials.

By Reuters19 Jul 2024Reuters

News Release

Occidental Announces Commencement of Exchange Offer and Consent Solicitation for CrownRock Notes

HOUSTON, July 19, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced that it has commenced a private exchange offer to certain eligible...

Issued by OccidentalDistributed by GlobeNewswire Inc.19 Jul 2024

FILE PHOTO: 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

Business Economy Finance News Oil Politics Trade

Oil prices tick down on worries about Chinese demand

The market is eyeing the slower Chinese economy and whether the US Federal Reserve is set to cut interest rates.

By Arathy Somasekhar15 Jul 2024Reuters

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. REUTERS/Bing Guan/File Photo

Business Fuel News Oil Trade

Oil trades in narrow range on OPEC+, sanctions and demand worries

Brent crude oil has been trading in a tight range of $75-$90 a barrel since late 2022 as OPEC+ cuts keep a floor...

By Ahmad Ghaddar and Alex Lawler12 Jul 2024Reuters

News Release

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

HOUSTON, July 11, 2024 (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.11 Jul 2024