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Summary Chevron to provide guidance through end of this decade Oil firm has opportunities for growth after Hess Investors eye updates on Kazakhstan talks and new power ventures Reuters) – When Chevron executives and top shareholders convene in New York City on Wednesday for the oil producer’s investor day, portfolio managers will be eager to hear …
Chevron Investor Day Puts Spotlight on Post-Hess Strategy Read More »
By Erwin Seba US crude stocks rose more than expected last week Private reports suggest US labor market weakened in October Gunvor withdraws proposal to buy Lukoil’s overseas assets HOUSTON, Nov 7 (Reuters) – Crude prices fell off session highs as demand for jet fuel turned soft ahead of the holiday travel season because the …
Crude Off Session Highs; Canceled US Flights Rein in Jet Fuel Read More »
By Scott Disavino Rig count still 6% below last year, despite recent increase Gas rigs reach highest level since August 2023 EIA projects rise in crude and gas output in 2025 NEW YORK, Nov 7 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for the third time in four weeks, …
US Drillers Add Oil and Gas Rigs for Third Time in Four Weeks, Says Baker Hughes Read More »
The Trump administration will hold an auction for drilling oil and gas off the U.S. Gulf next month and has proposed another in a waterway in southern Alaska, it said on Friday. The lease sale in the U.S. Gulf of Mexico, which President Donald Trump refers to as the Gulf of America, will make about …
Trump Finalizes US Gulf Oil Lease Sale, Proposes Alaska Sale in 2026 Read More »
(Reuters) – Global investments in renewable energy aren’t bearing fruit and the world should focus on securing reliable supplies of fossil fuels, U.S. energy and interior secretaries said this week as they worked on convincing Europe to buy more U.S. oil and gas. The U.S. has become Europe’s top oil and gas supplier on the …
US Urges Europe to Stick to Oil and Gas, Not Renewables Read More »
(Reuters) – The volume of oil stored onboard ships in Asian waters doubled in recent weeks after tightening western sanctions hit imports from China and India and as a shortage of import quota curbed demand from independent Chinese refiners, analysts said. The European Union, United Kingdom and the United States have imposed a raft of …
Asia Oil Floating Storage Surges as Sanctions, Tight China Quota Curb Demand Read More »
By David Wethe and Kevin Crowley A pumpjack and drill rig over an oil well in the Permian Basin near Midland, Texas. Photographer: Daniel Acker/Bloomberg US shale companies are forging ahead with their production plans, adapting to $60 oil prices while grinding out small increases and setting up the industry to add to next year’s …
Shale Operators Defy $60 Oil to Keep Increasing Production Read More »
Nov 7 (Reuters) – Abu Dhabi state oil firm ADNOC’s trading unit plans to increase the volume it handles by two-thirds over the next few years as part of its international expansion, Bloomberg News reported on Friday, citing its CEO. ADNOC has been stepping up its global expansion in recent years to find new revenue …
UAE’s Oil Trading Arm Plans Rapid Global Expansion, Bloomberg Reports Read More »
By Vladimir Soldatkin and Anna Hirtenstein Gunvor withdrew its bid for Lukoil’s foreign assets on Thursday Moldova requests exemption from US sanctions Finland’s Teboil, owned by Lukoil, is running out of fuel MOSCOW/LONDON, Nov 7 (Reuters) – Lukoil’s international operations faced mounting disruptions on Friday as a U.S. deadline for companies to cut off business …
Lukoil Operations Face Fallout From Trump Sanctions, Gunvor Drops Bid Read More »
Enbridge missed third-quarter profit estimates on Friday, pressured by higher financing costs from capital investments including U.S. gas utility acquisitions, sending its shares down nearly 2% in premarket trading. The Calgary-based pipeline operator had bought three Dominion Energy utilities last year — East Ohio Gas, Questar Gas and Public Service Co of North Carolina — in …
Enbridge Reports Q3 Profit and Revenue Down From Year Ago Read More »
