Wall Street Week Ahead: Spotlight falls on ‘dividend aristocrats’ after market tumult
NEW YORK (Reuters) – Companies across a range of industries are slashing or suspending dividends to cope with the economic…
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…
Facebook to buy 10% stake in telco unit of India’s Reliance Industries for $5.7 billion
BENGALURU (Reuters) – Facebook (FB.O) will buy a 10% stake in the digital business of India’s Reliance Industries (RELI.NS) for…
Trudeau self-isolates as wife is tested for coronavirus
OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau and his wife Sophie are in self-isolation after she came down with…
Exclusive: Italian government leaning towards third term for Eni CEO – sources
ROME/MILAN (Reuters) – The Italian government is leaning toward reappointing Claudio Descalzi as CEO of state-controlled oil firm Eni, provided…
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 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…
Warren proposes ‘corporate perjury’ law related to industry-funded research
WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren on Tuesday proposed a new “corporate perjury” law that she would pursue if…
U.S. Treasury temporarily blocks creditor seizure of refiner Citgo
CARACAS (Reuters) – The United States on Thursday temporarily blocked a creditor seizure of Citgo, a win for political leaders…
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…
Elliott renews call to split Marathon Petroleum
(Reuters) – Elliott Management Corp on Wednesday renewed its demand for Marathon Petroleum Corp (MPC.N) to split into three companies,…
Saudi attacks rattle shippers’ plan to switch fuels
LONDON/NEW YORK (Reuters) – Refinery outages in Saudi Arabia following weekend attacks on its oil facilities could deal a blow…
India’s Eros Now ties up with Microsoft’s Azure platform
MUMBAI (Reuters) – India’s Eros Now said on Thursday it is tying up with Microsoft’s Azure cloud platform to host…
Toxic chemical at PES refinery mostly cleared, aiding probe of June blaze
(Reuters) – Most of a highly toxic chemical stored at a fire-damaged Philadelphia oil refinery has been rendered inert, clearing…
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) –…
No ready spark seen for lagging U.S. energy shares
NEW YORK (Reuters) – There may be little relief on the horizon for investors in U.S. energy companies, whose shares…
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…
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…
Mexico issues arrest warrants for ex-Pemex CEO Lozoya, family members
FILE PHOTO – Emilio Lozoya, former chief Executive Officer of Petroleos Mexicanos (Pemex) attends a news conference at a hotel…
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…
Exclusive: Dirty oil crisis over for Russia, but contagion felt on high seas
MOSCOW/LONDON (Reuters) – In the opinion of Russian officials, the oil contamination crisis that disrupted flows from the world’s second-largest…
Exclusive: Exxon’s $53 billion Iraq deal hit by contract snags, Iran tensions – sources
BASRA, Iraq/BAGHDAD (Reuters) – Just weeks ago, U.S. energy giant ExxonMobil looked poised to move ahead with a $53 billion…
Exxon shareholders reject resolutions on climate and separating CEO: chairman
DALLAS (Reuters) – Exxon Mobil Corp shareholders on Wednesday rejected a proposal to split the chief executive officer and board…
From Paris to Omaha: How Occidental CEO out-maneuvered Chevron in Anadarko bid
NEW YORK (Reuters) – Occidental Petroleum chief executive Vicki Hollub was caught off guard when U.S. oil giant Chevron swooped…
Occidental investor set to vote against board due to Anadarko bid
HOUSTON (Reuters) – T. Rowe Price Group Inc said on Monday it intends to vote against the Occidental Petroleum Corp…
Anadarko backs Occidental’s revised bid, pressuring Chevron to respond
HOUSTON (Reuters) – Anadarko Petroleum Corp’s board on Monday backed a $38 billion bid from Occidental Petroleum Corp, adding pressure…
Venezuela congress to weigh 2020 PDVSA bond payment next week
CARACAS (Reuters) – Venezuela’s opposition-controlled National Assembly expects to vote on making a $71 million bond interest payment when it…
Exclusive: Spain’s Repsol suspended swap deal for Venezuelan oil under U.S. pressure
HOUSTON/MEXICO CITY (Reuters) – Spain’s Repsol suspended its swaps of refining products for crude with Venezuela’s state-run oil company PDVSA,…
FDA pulls up Walmart, Kroger, others for selling tobacco to minors
FILE PHOTO: A Walmart sign is pictured at one of their stores in Mexico City, Mexico March 28, 2019. REUTERS/Edgard…
FDA chief tough on e-cigs steps down in surprise resignation
WASHINGTON (Reuters) – U.S. Food and Drug Administration Commissioner Scott Gottlieb said on Tuesday that he plans to step down…
Mexico to inject $3.9 billion in Pemex, seeks to prevent credit downgrade
MEXICO CITY (Reuters) – Mexico will inject $3.9 billion into ailing state oil company Pemex, officials said on Friday, promising…
Venezuela turns to India as sanctions cut oil flow to U.S., Europe
HOUSTON/MEXICO CITY/MOSCOW (Reuters) – Venezuela’s oil exports have tapered off and shifted toward India since new U.S. sanctions began Jan.…
Venezuela pressures foreign partners on oil venture commitments: sources
(Reuters) – Foreign partners of Venezuela’s PDVSA are facing pressure from the state-run oil firm to publicly declare whether they…
Chevron ties executive pay to methane and flaring reduction targets
HOUSTON (Reuters) – Chevron Corp plans to set greenhouse gas emissions targets and tie executive compensation and rank-and-file bonuses to…
U.S. crude oil exports surge to record 3.2 million bpd last week: EIA
NEW YORK (Reuters) – U.S. crude oil exports surged to 3.2 million barrels per day (bpd) last week, the highest…
In major shift, U.S. now exports more oil than it ships in
(Reuters) – The United States last week exported more crude oil and fuel than it imported for the first time…
Egypt says U.S. oil firms showing appetite for offshore projects
ROME (Reuters) – Egypt sees increasing interest from U.S. energy companies in developing its offshore oil and natural gas resources…
Egypt says U.S. oil firms showing appetite for offshore projects
ROME (Reuters) – Egypt sees increasing interest from U.S. energy companies in developing its offshore oil and natural gas resources…
Egypt says U.S. oil firms showing appetite for offshore projects
ROME (Reuters) – Egypt sees increasing interest from U.S. energy companies in developing its offshore oil and natural gas resources…
China’s Sinopec signs purchase agreements worth $45.6 billion at Shanghai Expo
The company logo of China’s Sinopec Corp is displayed at a news conference in Hong Kong, China March 26, 2018.…
Exxon Mobil eyes multi-billion dollar investment at Singapore refinery: executive
SINGAPORE (Reuters) – Exxon Mobil Corp (XOM.N) is considering a multi-billion dollar investment at its Singapore refinery, the company’s largest,…
Oil near four-year high as Washington’s Iran sanctions loom
SINGAPORE (Reuters) – Oil markets were firm on Tuesday, with Brent crude holding near four-year highs reached the previous day…
Fuel shippers ask FERC to expedite hearing on Colonial Pipeline rates
(Reuters) – Chevron Corp (CVX.N), Valero Energy Corp (VLO.N) and Delta Air Lines Inc (DAL.N) have urged U.S. regulators to…
U.S. oil boom delivers surprise for traders – and it’s costly
LONDON/NEW YORK (Reuters) – The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price…
Exclusive: BP chief sees shale, OPEC cooling oil markets
LONDON (Reuters) – BP (BP.L) Chief Executive Bob Dudley expects a flood of U.S. shale and the reopening of OPEC…
Conoco has seized Venezuela PDVSA products from Isla refinery: Curacao
(Reuters) – U.S. oil major ConocoPhillips (COP.N) has seized products belonging to Venezuelan state oil company PDVSA from the Isla…
Conoco authorized to seize $636 million in Venezuela PDVSA assets
WILLEMSTAD Reuters – – A Curacao court has authorized ConocoPhillips (COP.N) to seize about $636 million in assets belonging to…
U.S. East Coast refiners look to Texas crude for discounted oil
NEW YORK (Reuters) – U.S. East Coast refiners are shipping more shale oil from the Gulf Coast thanks to heavy…
Exclusive: Qatar Petroleum CEO says pushing ahead with expansion despite Gulf embargo
DOHA (Reuters) – State energy giant Qatar Petroleum will push ahead with its production expansion and foreign asset acquisition strategy…
Marathon to become top U.S. refiner with $23 billion Andeavor buy
(Reuters) – Marathon Petroleum Corp (MPC.N) agreed to buy rival Andeavor (ANDV.N) for more than $23 billion in the largest-ever…
Exclusive: U.S. EPA grants biofuels waiver to billionaire Icahn’s oil refinery – sources
NEW YORK (Reuters) – The U.S. Environmental Protection Agency has granted a financial hardship waiver to an oil refinery owned…
OPEC April oil output hits year low on Venezuela slide: Reuters survey
LONDON (Reuters) – OPEC oil output fell in April to a one-year low due to declining production in Venezuela and…