API Shows US Crude Stocks Fell for Sixth Straight Week, Fuel Inventories Also Drop, Sources Say
New York, May 27 (Reuters) – U.S. crude oil inventories fell for a sixth straight week last week, according to market sources citing American Petroleum Institute data released on Wednesday,…
Oil From US Emergency Reserve Heads to California for the First Time, Kpler Says
(Reuters) – A cargo of oil from the U.S. Strategic Petroleum Reserve headed to California this month for the first time ever, ship tracking service Kpler said. The unusual movement…
Exxon Wins Shareholder Backing for Legal Move to Texas
(Reuters) – Exxon Mobil shareholders on Wednesday approved the company’s plan to redomicile in Texas, marking a win for the top U.S. oil producer after two leading proxy advisory firms…
American Airlines Sees Resilient Demand Cushioning Fuel-Price Hit
By and American sticks to 2026 profit outlook despite fuel-price jump Isom says premium, corporate and leisure demand remain strong Spirit exit, premium-seat growth support revenue outlook CHICAGO, May 27…
Chevron Shareholders Reject Proposal for Independent Board Chair
By HOUSTON, May 27 (Reuters) – Chevron (CVX.N) shareholders rejected a proposal that would have required an independent board chair separate from the CEO role, according to preliminary voting results…
Fed’s Logan Warns US Oil Production Won’t Fill Global Supply Gap
By Lorie Logan Photographer: Desiree Rios/Bloomberg Get the Latest US Focused Energy News Delivered to You! It’s FREE: Federal Reserve Bank of Dallas President Lorie Logan sounded a warning signal…
Oil Prices Drop as Traders Look for US-Iran Talks Progress
(Reuters) – Oil prices fell around 3% on Wednesday as traders weighed up progress in U.S.-Iran peace talks against renewed hostilities. Brent crude futures fell $2.67, or 2.68%, to $96.91…
Oil Cargo From US Emergency Reserve Heads to Asia, First in Over 3 Years
A cargo of crude oil from the U.S. Strategic Petroleum Reserve is heading to the Philippines, the first shipment of U.S. emergency reserve oil to Asia since November 2022, ship…
Iran Says Draft Deal with US Would Reopen Hormuz Shipping, End Naval Blockade
Iran’s state TV said Tehran had obtained a draft of an initial, unofficial framework for a memorandum of understanding with the United States on ending their conflict. Under the framework,…
WINNERS & LOSERS: Iran War Splits Global Markets Into Clear Winners and Losers
Three months since the Iran war began, persistently high oil prices have policymakers grappling with renewed inflation fears, while sliding currencies are a headache for some Asian countries. Get the…
