Main Street’s boldest take on Wall Street in bankruptcy stock frenzy
NEW YORK (Reuters) – When Bryan Quevedo received his U.S. government stimulus check last month, he invested $1,000 in the…
Occidental offering voluntary job buyouts, citing need for spending cuts: document
(Reuters) – Occidental Petroleum Corp (OXY.N) is offering its employees voluntary buyouts over the next two weeks, according to a…
Green hydrogen’s time has come, say advocates eying post-pandemic world
LONDON (Reuters) – Hydrogen has long been touted as a clean alternative to fossil fuels. Now, as major economies prepare…
Bankruptcy looms over U.S. energy industry, from oil fields to pipelines
NEW YORK (Reuters) – U.S. shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as…
Crude oil futures drop at open of Asian trading
FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd…
Russia’s Putin, Saudi crown prince discuss OPEC+: Kremlin
MOSCOW (Reuters) – Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed a planned OPEC+ reduction of…
Saudi crown prince, Russia’s Putin discuss efforts to stabilize oil markets: SPA
CAIRO (Reuters) – Saudi Arabia’s Crown Prince and Russian President Vladimir Putin reviewed in a telephone conversation on Friday the…
Saudi-Mexican clash halts record oil cut deal despite Trump pressure
MOSCOW/LONDON/DUBAI (Reuters) – Top oil nations struggled to finalise record output cuts at G20 talks on Friday to boost prices…
Mnuchin says U.S. coronavirus aid bill cost should be significant, not huge
FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin testifies before the Senate Finance Committee during a hearing on Capitol Hill in…
Canceled Teck oil sands project underscores global climate-energy policy tension
WINNIPEG, Manitoba/OTTAWA (Reuters) – Teck Resources Ltd’s surprise decision to cancel a planned C$20.6 billion ($15.6 billion) oil sands mine…
Oil slides 4% on demand concerns as coronavirus spreads
LONDON (Reuters) – Oil prices slumped by 4% on Monday as the rapid spread of the coronavirus in countries outside…
Aramco shares up 1.6% in third consecutive day of gains
FILE PHOTO: Participants attend the official ceremony marking the debut of Saudi Aramco’s initial public offering (IPO) on the Riyadh’s…
Saudi Aramco tops Crown Prince’s $2 trillion goal as shares surge
DUBAI/RIYADH (Reuters) – Saudi Aramco (2222.SE) topped the $2 trillion target sought by Saudi leader Crown Prince Mohammed bin Salman…
China’s November coal imports slump 19% month-on-month on port curbs
FILE PHOTO: Trucks are parked next to a pile of coal on the bank of the Yalu River in Sinuiju,…
China November crude oil imports hit record high as refiners race to use up quotas
BEIJING (Reuters) – China’s crude oil imports hit a record high on a daily basis in November, as refiners operated…
Saudi, Russia push through deeper new oil cuts
(Reuters) – Saudi Arabia and Russia spearheaded a deal on Friday in which OPEC and its allies committed to some…
Saudi Aramco says IPO priced at top to make it world’s biggest IPO
RIYADH/DUBAI (Reuters) – State-owned oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its…
FACTBOX: Saudi Aramco: the oil colossus
DUBAI (Reuters) – State-run oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its…
Encana plans move to the U.S., changes name
FILE PHOTO: Encana offices is pictured in Parachute, Colorado, U.S. on December 10, 2014. REUTERS/Jim Urquhart/File Photo (Reuters) – Canadian…
Aramco IPO will come soon, Saudi crown prince to decide: energy minister
FILE PHOTO: The Saudi Aramco logo pictured at the company’s oil facility in Abqaiq, Saudi Arabia, October 12, 2019. REUTERS/Maxim…
Oil rises on hopes OPEC will extend supply cuts, weaker U.S. dollar
HOUSTON (Reuters) – Oil rose on Wednesday, gaining support due to signs that OPEC and allied producers will continue to…
Groups bidding for PES refinery due to tour fire-damaged site: sources
NEW YORK (Reuters) – Groups vying for the idled Philadelphia Energy Solutions oil refinery have entered the second phase of…
Saudi Arabia consults allies on oil attack, awaits result of investigation: official
UNITED NATIONS (Reuters) – Saudi Arabia is in consultation “with friends and allies about the next steps to take” after…
Saudi Arabia says consulting on next steps after attack, waiting for inquiry results
UNITED NATIONS (Reuters) – Saudi Arabia is in consultation “with friends and allies about the next steps to take” after…
Military strike against Iran would result in ‘all-out war’: Zarif
DUBAI (Reuters) – Any U.S. or Saudi military strike against Iran would bring “all-out war”, Tehran said on Thursday, keeping…
Factbox: Animal health sector aims to emulate Zoetis biotech leap
FILE PHOTO: Moose, a six-year-old English Bulldog with B-cell lymphoma, receives trial medical treatment at the Tufts Veterinary Medical School…
Factbox: Animal health sector aims to emulate Zoetis biotech leap
FILE PHOTO: Moose, a six-year-old English Bulldog with B-cell lymphoma, receives trial medical treatment at the Tufts Veterinary Medical School…
China vice premier urges hog production recovery amid swine fever
FILE PHOTO: A man disinfects a pig farm in Guangan, Sichuan province, China August 27, 2019. REUTERS/Stringer BEIJING (Reuters) –…
Exclusive: T. Rowe Price held talks with Guaido team on Venezuela PDVSA 2020 payment
CARACAS (Reuters) – T. Rowe Price has held informal talks with advisors of Venezuelan opposition leader Juan Guaido about financing…
Trump promises ethanol-related ‘giant package’ to please farmers
WASHINGTON/South Sioux City, NEBRASKA (Reuters) – President Donald Trump said on Thursday his administration is planning a “giant package” related…
Britain’s Cuadrilla says ‘micro seismic event’ occurred at fracking site near Blackpool
FILE PHOTO: Cuadrilla’s Preston Road fracking site is seen near Blackpool, Britain, October 22, 2018. REUTERS/Hannah McKay/File Photo (Reuters) –…
Trump administration considers boost to biofuel mandates to ease farmer anger: sources
NEW YORK/WASHINGTON (Reuters) – The Trump administration is considering ramping up biofuel blending quotas in the coming years to assuage…
Oil spills into U.S.-China trade war, prices slump
NEW YORK (Reuters) – China said on Friday it would impose tariffs on U.S. crude oil imports for the first…
PES up against the clock to sell Philadelphia refinery in cash crunch
NEW YORK (Reuters) – Finding a buyer for Philadelphia Energy Solutions’ oil refinery has grown urgent as the bankrupt company’s…
EQM stops some work on WV-VA Mountain Valley natgas pipe
(Reuters) – EQM Midstream Partners LP (EQM.N) told U.S. federal regulators the company would stop some work on its long-delayed…
Oil slumps more than 4% on weak global economic data, U.S. crude build
NEW YORK (Reuters) – Oil prices sank more than 4% on Wednesday after global demand fears were revived by weak…
CNOOC halts field work at western Uganda project over Ebola fears
KAMPALA (Reuters) – Oil producer China National Offshore Oil Corp said on Thursday it had halted field work at its…
Coal miners to urge Congress to protect their black lung benefits
WASHINGTON (Reuters) – Around 120 coal miners with black lung disease were due in Washington on Tuesday hoping to pressure…
Oil climbs as Middle East tensions offset demand worries
NEW YORK (Reuters) – Oil prices rose about 1 percent on Friday after steep losses a day earlier, supported by…
U.S. solar sector launches lobbying push to preserve key subsidy
(Reuters) – The U.S. solar industry on Wednesday kicked off a lobbying push aimed at convincing Congress to extend a…
Stocks gain on Fed rate cut optimism; oil drops
NEW YORK (Reuters) – A gauge of global stocks advanced on Thursday, erasing declines on a late rally after comments…
Cargill quarterly profit dives 41% on trade tensions, U.S. floods
CHICAGO (Reuters) – Global commodities trader Cargill Inc reported a 41% drop in adjusted quarterly profit on Thursday, citing supply…
Oil falls on dim OPEC demand outlook, pares gains from Gulf of Mexico storm
NEW YORK (Reuters) – Oil prices fell on Thursday as OPEC forecast slower demand for its crude next year, with…
Mexico says trade deal dispute panel fix must be ‘across the board’
FILE PHOTO: Mexico’s Deputy Foreign Minister for North America, Jesus Seade reacts during the delivery of the United States-Mexico-Canada Agreement…
Oil dives 4% on demand worries even as OPEC, allies extend cuts
NEW YORK (Reuters) – Oil prices fell more than 4% on Tuesday, even after OPEC and allies including Russia agreed…
After explosions, Brazil power transmission companies remove GE equipment
SAO PAULO (Reuters) – After an unusual number of explosions, several Brazilian power transmission companies have started removing a piece…
Exxon quarterly profit to feel pinch of weaker natural gas, chemical earnings
(Reuters) – Exxon Mobil Corp (XOM.N) said on Monday lower natural gas and chemical margins in its second quarter would…
Oil prices slip as demand worries outweigh OPEC supply cuts
SINGAPORE (Reuters) – Oil prices slipped on Tuesday as worries that a weakening global economy would dent demand for the…
Russia, Saudi deal shows commitment to oil market stability: Novak
FILE PHOTO: Russian Energy Minister Alexander Novak attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia June…
Proxy adviser Glass Lewis recommends EQT shareholders vote for company’s nominees
(Reuters) – Proxy adviser Glass Lewis & Co has recommended that investors in natural gas producer EQT Corp vote in…
Oil prices mixed ahead of U.S. crude stock data
HOUSTON (Reuters) – Oil prices were mixed on Tuesday ahead of data expected to show U.S. crude stocks declining, outweighing…
Brazil’s Petrobras pays $700 million to Vantage Drilling after court decision
FILE PHOTO: Brazil’s state-run Petrobras oil company headquarters is pictured in Rio de Janeiro, Brazil May 27, 2019. REUTERS/Sergio Moraes…
General Electric to scrap California power plant 20 years early
NEW YORK (Reuters) – General Electric Co said on Friday it plans to demolish a large power plant it owns…
Canada set to approve hotly-debated pipeline expansion, Trudeau unlikely to benefit
OTTAWA/CALGARY, Alberta (Reuters) – Canada looks set to approve a hotly-debated plan to expand an oil pipeline this week, people…
Total takes on Toshiba’s U.S. LNG business after Chinese buyer pulls out
PARIS/TOKYO (Reuters) – Total will take over Toshiba’s U.S. liquefied natural gas business and get $800 million cash from the…