US Gulf Refiners Seek MidEast, S.American Oil to Offset Venezuela, Mexico Losses
(Reuters) – U.S. Gulf Coast refiners are snapping up higher volumes of Middle Eastern and South American crudes to offset the loss of Venezuelan and Mexican barrels, according to ship…
Trump Unlikely to Enforce Tariff Threat on Russian Oil
(Reuters) – U.S. President Donald Trump is unlikely to follow through on his threat to place 100% tariffs on countries that buy Russian oil because it would worsen politically-damaging inflation…
Oil Gains as Trade Talk Optimism Offsets Potential Higher Venezuelan Supply
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…
Chevron Tells Hess Staff to Focus on Safety as They Await Job Updates
(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…
US Gas Producer CNX Resources Boosts 2025 Output Estimate Without Extra Spending
(Reuters) – U.S. energy firm CNX Resources said in its second quarter earnings that it plans to produce more natural gas this year than previously expected to meet growing demand…
US Mulls Limited Authorizations for Oil Firms in Venezuela, Sources Say
(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…
COMMENTARY: Converging Exxon and Chevron Operations Could Spur Next Mega-Merger
Concerns about a new behemoth monopolizing the U.S. energy industry are probably smaller today than in the early twentieth century, given the scale and diversification of the current sector. Nevertheless,…
Chevron Cuts 575 Jobs in Houston After Closing Hess Acquisition
The reductions will take effect on September 26, according to the notice. Get the Latest US Focused Energy News Delivered to You! It’s FREE: The merger was delayed for over…
Oil Prices Climb on US Trade Optimism, Drop in Crude Stockpiles
(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.…
US Natgas Prices Fall 5% to 12-Week Low on Near-Record Output, Lagging LNG Exports
That price drop put the front-month into technically oversold territory for the first time since mid-May. Get the Latest US Focused Energy News Delivered to You! It’s FREE: Despite hotter…
