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 the crude benchmarks on course for their biggest daily and…
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 by a Yemeni-armed movement aligned to Iran had attacked facilities…
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 in last month with a $33 billion offer to buy…
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 board of directors because the company will not allow shareholders…
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 on rival Chevron Corp to raise its offer or walk…
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 allowing them to buy Iranian oil without facing U.S. sanctions,…
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 flag in the Gulf July 25, 2005. REUTERS/Raheb Homavandi/File Photo…
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 to announce a further clampdown on Iranian oil exports, tightening…
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 meets next week, a lawmaker and a member of state-run…
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, people familiar with the matter said, as U.S. officials weighed…