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Summary Brent, WTI up 0.4% after 1% gain in previous session EU says trade deal with US within reach US prepares to allow limited oil operations in Venezuela, sources say Investors brace for data week next SINGAPORE, July 25 (Reuters) – Oil prices rose on Friday as trade talk optimism supported the outlook for both …
Oil Gains as Trade Talk Optimism Offsets Potential Higher Venezuelan Supply Read More »
(Reuters) – Chevron leaders told Hess employees to stay focused on safe operations and that they will hear next week if they will continue to have jobs following the oil producer’s acquisition, according to two Hess employees who spoke with Reuters. Chevron, the second-largest U.S. oil producer, closed its $55 billion acquisition of Hess on Friday after prevailing …
Chevron Tells Hess Staff to Focus on Safety as They Await Job Updates Read More »
Summary Companies US policy shift from pressure strategy on Venezuela’s oil sector Chevron’s and a handful of US licenses revoked this year Some PDVSA partners could be allowed to pay contractors, make imports and swaps Conditions aimed to deny profits to Maduro’s govt HOUSTON/WASHINGTON, July 24 (Reuters) – The United States is preparing to grant …
US Prepares to Allow Limited Oil Operations in Venezuela, Starting with Chevron, Read More »
(Reuters) – U.S. President Donald Trump’s administration is preparing to grant new authorizations to key partners of Venezuela’s state-run oil company PDVSA, starting with Chevron, which would allow them to operate with limitations in the sanctioned OPEC nation, four sources close to the matter said on Thursday. If granted, the authorizations to the U.S. oil …
US Mulls Limited Authorizations for Oil Firms in Venezuela, Sources Say Read More »
Exxon Mobil and Chevron’s recent major acquisitions raise a provocative question: does the U.S. still need two energy titans, or might it be more efficient for the two to join forces? An $800 billion combination would certainly evoke memories of Standard Oil, the conglomerate John D. Rockefeller created in 1870 that dominated the American oil industry before …
COMMENTARY: Converging Exxon and Chevron Operations Could Spur Next Mega-Merger Read More »
Chevron cut 575 positions in the Houston area after it completed its $55 billion merger with Hess, a Texas Workforce Commission filing revealed on Wednesday. According to a Worker Adjustment & Retraining Notification dated July 18, the U.S. energy major laid off the employees when its takeover of Hess was officially completed. The reductions will …
Chevron Cuts 575 Jobs in Houston After Closing Hess Acquisition Read More »
(Reuters) – Oil prices rose on Thursday, buoyed by optimism over U.S. trade negotiations that would ease pressure on the global economy and a sharper-than-expected decline in U.S. crude inventories. Brent crude futures gained 24 cents, or 0.4%, to $68.75 a barrel by 0032 GMT. U.S. West Texas Intermediate crude futures climbed 25 cents, or …
Oil Prices Climb on US Trade Optimism, Drop in Crude Stockpiles Read More »
Investors are expecting top U.S. refiners to report higher second-quarter profits, bouncing back from losses during the first three months of the year as unseasonably strong diesel margins boost earnings. Fuelmakers have reaped unexpected profits from producing key products in recent months, a respite after earnings slipped from record levels in 2022, when a recovery …
US Refiners May See Q2 Profit Recover on Stronger Diesel Margins Read More »
Chevron cut 575 positions in the Houston area after it completed its $55 billion merger with Hess, a Texas Workforce Commission filing revealed on Wednesday. According to a Worker Adjustment & Retraining Notification dated July 18, the U.S. energy major laid off the employees when its takeover of Hess was officially completed. The reductions will …
Chevron Cuts 575 Jobs in Houston After Closing Hess Acquisition, Filing Reveals Read More »
By Georgina Mccartney Volatility in markets slows M&A in US upstream oil and gas Major deals by EOG Resources and Viper Energy dominate Q2 Future M&A may focus on international opportunities, says Dittmar HOUSTON, July 23 (Reuters) – Volatility across energy and equity markets spooked investors in the second quarter, slowing the pace of mergers …
Dealmaking in US Upstream Oil and Gas Tumbles as Volatility Rattles Investors Read More »
