Anadarko shareholders to vote next month on Occidental deal
Anadarko Petroleum Corporation is seen in The Woodlands, Texas, U.S., April 30, 2019. REUTERS/Loren Elliott HOUSTON (Reuters) – Anadarko Petroleum…
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…
Canada aboriginal pipe dream might end Trudeau’s Trans Mountain nightmare
CALGARY, Alberta/WINNIPEG, Manitoba (Reuters) – An indigenous-led group plans to offer to buy a majority stake in the Trans Mountain…
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…
OPEC set to extend oil supply cut as Iran endorses pact
VIENNA (Reuters) – OPEC and its allies look set to extend oil supply cuts this week at least until 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…
Russia agrees with Saudi Arabia to extend OPEC+ oil output deal
OSAKA/VIENNA (Reuters) – Russia has agreed with Saudi Arabia to extend by six to nine months a deal with OPEC…
OPEC set for oil cut extension if Iran endorses pact
VIENNA (Reuters) – OPEC and its allies look set to extend oil supply cuts next week at least until the…
Oil prices fall, but post weekly gain ahead of G20 talks, OPEC
NEW YORK (Reuters) – Oil prices fell on Friday but posted their second straight week of gains ahead of trade…
Icahn steps up fight with Occidental over deal, wants board seats
(Reuters) – Billionaire investor Carl Icahn on Wednesday ratcheted up his fight with Occidental Petroleum over its pending purchase of…
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…
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…
Airbus Helicopters sees 18-month wait for oil & gas demand pick-up
Visitors look at an Airbus Helicopter H145 on static display during the 53rd International Paris Air Show at Le Bourget…
Oil prices fall 1% as economic worries outweigh tanker tensions
NEW YORK (Reuters) – Oil prices fell more than 1% on Monday after more poor Chinese economic figures fanned fears…
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…
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…
Fiat Chrysler seeks Renault merger to meet auto challenges
MILAN/PARIS (Reuters) – Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday in a move to…
Oil plummets, on track for biggest weekly drop in 2019
NEW YORK (Reuters) – Oil prices plunged on Thursday, losing about 5% as trade tensions dampened the demand outlook, putting…
Oil prices jump nearly 2% on drone attack on Saudi Aramco facilities
NEW YORK (Reuters) – Oil prices rose nearly 2% on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched…
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…
U.S. to end all waivers Iran oil imports, crude price jumps
WASHINGTON (Reuters) – The United States on Monday said it will eliminate in May all waivers granted to eight economies…
Iran says ready for U.S. waivers end, as Guards threaten to shut Hormuz
FILE PHOTO: A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian…
Oil hits 2019 high on U.S. plan to tighten squeeze on Iran
LONDON (Reuters) – Oil topped $74 a barrel on Monday, the highest since November, as the United States was set…
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,…
Oil rally stalls on talk of OPEC+ boosting output
NEW YORK (Reuters) – Oil prices halted their rally on Monday, with both benchmarks down nearly 1 percent, after Russia’s…
Oil prices fall on surging U.S. crude supply, economic slowdown
SINGAPORE (Reuters) – Oil prices fell on Thursday, pressured as U.S. crude stockpiles surged to their highest levels in almost…
Oil prices dip on surging U.S. crude stockpiles
SINGAPORE (Reuters) – Oil prices fell on Thursday after U.S. crude stockpiles surged to their highest levels in almost 17…
Oil gains up to 2% to five-month high as Libyan output threatened
NEW YORK (Reuters) – Oil prices rose up to 2 percent on Monday, hitting five-month highs on expectations that global…
Demand for Aramco’s bond ‘north of’ $30 billion, says Saudi energy minister
FILE PHOTO: An Aramco employee walks near an oil tank at Saudi Aramco’s Ras Tanura oil refinery and oil terminal…
Petrobras agrees to sell pipeline unit to Engie for $8.6 billion
SAO PAULO/RIO DE JANEIRO (Reuters) – A consortium led by France’s Engie SA submitted the highest offer for a major…
Exclusive: Trump eyeing stepped-up Venezuela sanctions for foreign companies – Bolton
WASHINGTON (Reuters) – U.S. President Donald Trump is considering imposing sanctions on companies from other countries that do business with…
Texas petrochemical fire prompts hundreds to visit health clinic
DEER PARK, Texas (Reuters) – Hundreds of neighborhood residents of a petrochemical plant that burned for three days and briefly…
Oil up as OPEC-led supply cuts support, Cushing draws down
NEW YORK (Reuters) – Oil prices edged up on Monday, supported by the prospect of prolonged OPEC-led oil supply curbs…
Oil edges higher on cuts to Saudi exports
NEW YORK (Reuters) – Oil prices edged higher on Tuesday, supported by signs of tightening global supply after a Saudi…
Oil prices rise amid broad market rally, OPEC supply cuts
SINGAPORE (Reuters) – Oil prices rose on Tuesday, lifted by healthy demand and output cuts led by producer group OPEC.…
Exclusive: Saudi’s Falih – U.S., China driving oil demand; no April OPEC policy change
NEW DELHI (Reuters) – Saudi oil minister Khalid al-Falih said on Sunday that China and the U.S. would lead healthy…
Oil prices dip as U.S. crude output hits record 12 million barrels per day
SINGAPORE (Reuters) – Oil prices fell on Friday after the United States reported its crude output hit a record 12…
Oil near 2019 highs amid OPEC supply cuts, but rising U.S. output weighs
SINGAPORE (Reuters) – Oil prices hovered near 2019 highs on Wednesday, supported by OPEC-led supply cuts and U.S. sanctions on…
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.…
Oil prices rise 1 percent amid OPEC supply cuts, U.S. sanctions on Venezuela
SINGAPORE (Reuters) – Oil prices rose by around 1 percent on Wednesday as producer club OPEC said it had deeply…
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…
Oil rises on OPEC cuts, U.S. sanctions on Iran and Venezuela
SINGAPORE (Reuters) – Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although…
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…
Oil tumbles 4 percent on growing U.S. supply, China trade worries
NEW YORK (Reuters) – Oil fell more than 3 percent on Monday, heading for its biggest one-day percentage drop in…
U.S. oil edges up after tumbling to lowest since June 2017 on economy fears
SEOUL (Reuters) – Oil prices were mixed on Wednesday as the U.S. benchmark rebounded from steep losses in the previous…
French court fines oil group Total in Iran bribery case
PARIS (Reuters) – A Paris court fined French oil and gas group Total (TOTF.PA) 500,000 euros ($570,000) on Friday for…
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…
Oil rises after Russia leans towards output cut
NEW YORK (Reuters) – Oil reversed course and rose as much as 3 percent on Thursday, after industry sources said…
Oil weighed down by record Saudi output; markets eye G20, OPEC meetings
SINGAPORE (Reuters) – Record Saudi oil production pulled down crude prices on Tuesday amid cautious trading ahead of the G20…