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 on record, according to data released on Thursday, the same…
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 and expects them to participate in two bidding rounds due…
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 and expects them to participate in two bidding rounds due…
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 and expects them to participate in two bidding rounds due…
VW embarks on $50 billion electrification plan
WOLFSBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) expects to become the most profitable manufacturer of electric cars thanks to a multi-billion euro expansion plan to mass produce battery driven vehicles, Chief…
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. REUTERS/Bobby Yip SHANGHAI (Reuters) – China’s state-owned Sinopec signed purchase…
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, ahead of new global shipping fuel regulations starting in 2020,…
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 as markets adjust to the prospect of tighter supply once…
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 expedite a hearing on the fee structure of the largest…
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 discount of U.S. light crude to benchmark Brent WTCLc1-LCOc1 in…