Oil prices rise 2% on optimism around OPEC+ output pact
NEW YORK (Reuters) – Oil prices rose more than 2% on Monday as signs that fuel demand was recovering, while…
Oil rises as traders await OPEC+ meeting on extending supply cuts
SEOUL (Reuters) – Oil prices moved higher on Friday as traders await cues from a meeting that could take place…
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…
China crude oil runs hit 15-month low as virus cripples demand
BEIJING/SINGAPORE (Reuters) – China’s daily crude oil throughput in March sank to a 15-month low with state refiners maintaining deep…
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…
Trump agrees to help Mexico meet global oil cut target
WASHINGTON/MEXICO CITY (Reuters) – U.S. President Donald Trump said on Friday he would help Mexico contribute to global oil output…
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…
Iran’s death toll from coronavirus reaches 724, says health official
FILE PHOTO: Members of the medical team wear protective face masks, following the coronavirus outbreak, as they prepare disinfectant liquid…
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…
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…
Angola’s Dos Santos named as suspect over alleged fraud at oil firm: Lusa news agency
FILE PHOTO: Isabel Dos Santos, daughter of Angola’s former president, sits for a portrait during a Reuters interview in London,…
Oil steadies as Chinese economy offsets trade optimism
NEW YORK (Reuters) – Oil prices steadied on Friday as sluggish economic growth in China, the world’s biggest crude importer,…
Banks lobby Aramco for incentive fee after slim IPO pickings: sources
DUBAI/LONDON (Reuters) – Global banks who worked on Saudi Aramco’s (2222.SE) record initial public offering are pushing for an additional…
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…
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 shares priced at top of range in world’s biggest IPO
FILE PHOTO: A sign of Saudi Aramco’s initial public offering (IPO) is seen during a news conference by the state…
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…
Timeline: Saudi Aramco’s winding road to an IPO
(Reuters) – State-run oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative…
Saudi Aramco markets IPO in Dubai after approaching Kuwait fund
DUBAI (Reuters) – Saudi Aramco met investors in Dubai on Sunday to market its initial public offering (IPO), after trying…
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…
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…
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…
China criticizes new U.S. sanctions over Iranian oil deals
BEIJING/NEW YORK (Reuters) – China on Thursday criticized the United States for imposing new U.S. Secretary of State Mike Pompeo…
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…
U.S. slaps new sanctions on Chinese entities over Iran oil
NEW YORK (Reuters) – The United States is imposing new sanctions on certain Chinese entities and people who it accuses…
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…
Saudi crude loadings fall in September after attacks: trackers
LONDON (Reuters) – Saudi Arabia’s crude exports dropped steeply following the Sept. 14 attacks and remain lower month-on-month, according to…
Saudi Aramco seeks project finance loan of more than $1 billion: sources
DUBAI (Reuters) – Saudi Aramco has asked banks to submit proposals for a project finance loan of more than $1…
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,…
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…
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…
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…
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…
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…
Oil prices climb after Saudi oilfield attack, but recession worries drag
SINGAPORE (Reuters) – Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni…
Oil rises alongside equities, but downbeat OPEC outlook caps gains
NEW YORK (Reuters) – Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus…
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…
Oil rises on European stock draw despite demand slowdown forecast
NEW YORK (Reuters) – Oil prices rose more than $1 a barrel on Friday, supported by a drop in European…
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…
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…
Oil falls about 2.5% as U.S. Gulf production returns
NEW YORK (Reuters) – Oil fell about 2.5% a barrel on Thursday, weighed down by weakness in U.S. equities markets…
Oil prices down on dwindling storm impact, Chinese economic data
NEW YORK (Reuters) – Oil prices sank about 1% on Monday on signs that the impact of a tropical storm…
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…