Trump Is Remaking the Global Oil Market, and Exxon and Chevron Want In
By and Exxon Mobil Corp. and Chevron Corp. are setting their sights on expanding production in nations tied to OPEC, including some of the world’s riskiest geopolitical hotspots, as President…
ConocoPhillips Wants Venezuelan Payback Before Drilling for Oil
By ConocoPhillips Chief Executive Officer Ryan Lance’s priority in Venezuela is recouping billions his company is owed almost two decades after its oil projects were nationalized, rather than drilling new…
Williams Weighs Buying Gas-Producing Assets to Enhance AI Energy Supply to Hyperscalers, Sources Say
(Reuters) – Williams Companies is exploring buying natural gas production in the United States, a rare foray for an energy infrastructure operator, as it aims to secure natural gas supplies…
Mexico Seeking Way to Send Fuel to Cuba Without Being Hit by US Tariffs, Sources Say
(Reuters) – Mexican officials are evaluating how to send fuel to Cuba to help meet basic needs such as electricity and transportation without triggering reprisals from Washington, which has threatened…
Oil Pauses as Investors Eye US-Iran Talks
Summary Weekly price drop would be first since mid-December US, Iran in dispute over agenda for talks in Oman Geopolitical risk stems oil price decline (Reuters) – Oil prices held…
Union Asks Workers at BP’s Whiting, Indiana, Oil Refinery to Prepare For Strike or Lockout
(Reuters) – United Steelworkers is asking workers at BP’s 440,000-barrel-per-day refinery in Whiting, Indiana, to prepare for a strike or lockout, the union said on Thursday after weeks of negotiations…
US to Auction Drilling Rights For Alaska Reserve on March 9
(Reuters) – The Trump administration on Thursday said it would hold a sale of oil and gas drilling rights across 5.5 million acres of Alaska’s National Petroleum Reserve on March…
Phillips 66 to Lay Off 277 Workers as Los Angeles Refinery Winds Down
Phillips 66 is set to lay off 277 employees as operations at the 139,000-barrel-per-day Los Angeles-area refinery wind down ahead of closure, filings to California’s employment regulator show. Get the…
ConocoPhillips Targets $1 Billion Cost Cuts in 2026; Profit Misses on Weaker Oil Prices
(Reuters) – ConocoPhillips said on Thursday it aims to cut capital and operating costs by $1 billion in 2026, after the U.S. oil and gas producer missed Wall Street estimates for…
Kuwait Oil in Talks with US Operators to Develop Shale Oil, Gas Resources
(Reuters ) – Kuwait Oil Company (KOC) is in talks with some U.S. firms on potential cooperation to develop its shale oil and gas resources, its chief executive said on…
