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…
US Oil Producer Continental Resources Drops Fraud Lawsuit Against Rival Hess
(Reuters) – U.S. shale producer Continental Resources has dropped a lawsuit it filed against rival Hess Corp in May, which alleged it was defrauded out of up to $69 million…
US Refinery Utilization Hits to Highest in Over Two Years, EIA Says
(Reuters) – U.S. utilization of refinery operable capacity rose to 95.5% last week, the highest since June 2023, data from the U.S. Energy Information Administration showed on Wednesday. Refinery utilization…
US Crude, Gasoline Stockpiles Fall, Distillates Build, EIA Says
(Reuters) – U.S. crude oil and gasoline inventories fell last week, buoyed by stronger demand and exports, while distillate stockpiles rose, the U.S. Energy Information Administration (EIA) said on Wednesday.…
US Gas Firms EQT, Range Boost Output Plans for 2025
(Reuters) – U.S. energy companies EQT and Range Resources expect to produce more natural gas in 2025 to meet rising demand for the fuel without boosting planned spending. Demand for…
In Rare Move, California Steps in to Find Buyer for Valero Refinery to Avoid Closure, Sources Say
(Reuters) – California government officials are trying to find a buyer for Valero Energy’s Benicia refinery near San Francisco, three sources familiar with the matter said, an unusual effort as…
