Big Oil in Business as Usual Mode Despite Nearing Storm: Bousso
By Ron Bousso Summary Oil majors warn of worsening global economic conditions Yet most stick to large shareholder return programmes And are borrowing more in order to pay for their…
US-Ukraine Deal is Heavy on Symbolism, Light on Minerals
(Reuters) – U.S President Donald Trump’s minerals deal with Ukraine is a big symbolic win for both sides. Ukraine gets a long-term commitment for U.S. investment in “a free, sovereign,…
Sunoco to Buy Canada-Based Parkland in $9 Billion Deal in Americas Fuel Supplier Consolidation
(Reuters) – Sunoco LP will buy Canada-based Parkland in a deal valued at about $9.1 billion, including debt, the U.S. fuel supplier said on Monday, in a move the companies…
Oil Prices Drop as OPEC+ Accelerates Output Hikes, Surplus Looms
Summary • OPEC+ says to hike output by 411,000 bpd in June• OPEC+ eyes full unwinding of voluntary output cuts by Oct, sources say• Barclays, ING cut 2025 Brent forecasts…
I Squared Eyes Majority Stake in Natgas Pipeline Matterhorn, Sources Say
The infrastructure-focused investment firm has been speaking with potential investors that would help fund the potential purchase, the people said. I Squared is buying its position from WhiteWater Midstream, they…
Oil Posts Biggest Weekly Loss in a Month Ahead of OPEC+ Meeting
By Oil down 8% this week in steepest weekly decline since March OPEC+ moves up meeting to discuss June output plan to May 3 Group to decide whether to accelerate…
US EPA Plans to Reduce Staff to 1980s Levels, Dissolve Research Office
“This reorganization will bring much needed efficiencies to incorporate science into our rulemakings and sharply focus our work on providing the cleanest air, land, and water for our communities,” EPA…
US Army Corps Targeting Fall Decision for Enbridge Line 5 Tunnel
By CALGARY, May 2 (Reuters) – The U.S. Army Corps of Engineers said on Friday it expects to make a decision this fall whether to grant a permit to Enbridge’s…
Big Oil Earnings Show Split in Production Strategy, Shareholder Returns
By and Exxon and Shell maintain buybacks amid oil price slump Chevron and BP reduce buybacks due to market conditions Exxon benefits from Guyana oilfield, Chevron seeks entry HOUSTON/LONDON, May…
US Drillers Cut Oil and Gas Rigs for First Time in Three Weeks, Baker Hughes Says
By May 2 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm…
