Shell CEO Says LNG Sector Growing Faster Than Gas, Around 3% Per Annum
(Reuters) – Shell’s CEO Wael Sawan said on Monday that the liquefied natural gas (LNG) sector was expanding at a rate of about 3% per annum, outpacing the gas market.
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BP’s Whiting Refinery Union Workers Agree to 24-Hour Rolling Extension
United Steelworkers members at BP’s 440,000-barrel-per-day refinery in Whiting, Indiana agreed to a rolling 24-hour contract extension at the largest refinery in the U.S. Midwest, the company said in a statement on Sunday.This would mean that the current collective bargaining agreement would automatically renew every 24 hours unless either the union or BP cancels the …
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Two Things OPEC+ Can’t Control. Trump and China Imports: Russell
Reuters There are two factors that are largely beyond the control of OPEC+ and they are likely to determine the price of crude oil in the coming weeks. The first is whether U.S. President Donald Trump does decide to start a shooting war with Iran, and if he does whether both sides will be able …
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Trump Says India Will Buy Oil From Venezuela
ABOARD AIR FORCE ONE – (Reuters) – U.S. President Donald Trump on Saturday said India will buy Venezuelan oil, helping to replace some of the Russian oil that the world’s third-biggest oil importer buys. “We’ve already made that deal, the concept of the deal,” Trump told reporters aboard Air Force One as he traveled to …
Union Extends talks with Marathon, Averting Strike at Refineries
Summary Strike averted on a rolling 24-hour basis, union says Union has rejected at least five Marathon proposals Last proposal would have provided 14% pay increase over four years (Reuters) – The United Steelworkers union said late on Saturday it would extend talks with Marathon Petroleum, averting a strike by 30,000 workers at U.S. refineries …
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US Lower 48 Crude Output Down 379,000 Bpd in January on Storm Outages
U.S. crude output is expected to be down 379,000 barrels per day in the lower 48 states for the month of January, according to consultancy Rystad, as operators kept restoring production after a winter storm knocked off up to 2 million bpd of output last weekend. U.S. crude output from the lower 48 states was …
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North Dakota Oil Output Fully Restored, Nationwide Outages Dropping
(Reuters) – All of North Dakota’s crude production was back online on Friday, state regulators said, after recovering from an arctic blast from a winter storm that has disrupted production nationwide. North Dakota is the third-largest oil-producing U.S. state, and output totaled 1.189 million barrels per day in November, the latest monthly data from the …
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Chevron Can Process Another 100,000 bpd of Venezuelan Crude at its US Refineries, CEO Says
(Reuters) – Chevron CEO Mike Wirth said on Friday the U.S. oil major can process an additional 100,000 barrels per day of Venezuelan crude at its refineries. “We’ve been bringing about 50,000 barrels a day, give or take, into our Pascagoula, Mississippi, refinery on the Gulf Coast. We can take another 100,000 barrels a day …
Chevron in Talks With Iraq, Libya to Evaluate Exploration Opportunities
Chevron CEO Mike Wirth said on Friday the U.S. oil major was in discussions with the governments of Iraq and Libya to look at existing producing oilfields and evaluate exploration opportunities. The company needed to see compelling investment return potential in those countries, Wirth added. Reporting by Vallari Srivastava in Bengaluru and Sheila Dang in …
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US Share of Europe’s LNG Imports Increased to 60% in January
(Reuters) – The United States supplied 60% of the European Union’s liquefied natural gas this month, data showed on Friday, confirming its role as Europe’s dominant LNG supplier as some European officials become wary of growing reliance on U.S. energy. The 60% share was an increase from both last month and January 2025, when the …
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