BP CEO Says Oil Giant Needs to Make ‘Fewer and Better’ Choices
Meg O’Neill’s decision to simplify the company’s structure is helping BP’s response to the disruption caused by the Iran war By Mitchell Ferman BP PLC’s new chief executive acknowledged that…
Strategic Oil Reserve Buying Set to Support Crude Demand Through 2028
(Reuters) – Governments are set to buy millions of barrels of oil through 2028 to rebuild emergency reserves depleted by drawdowns to plug a gap in global supply caused by…
CRUDE AWAKENING: Oil Refiners’ Hormuz Windfall May Prove Short-Lived: Bousso
(Reuters) – Oil refiners around the world have seen profits surge thanks to a rare combination of robust fuel demand and weak crude prices, as markets have rapidly readjusted following…
Chevron Offers Rival Drillers its Chemical Technology to Boost Shale Oil Output
(Reuters) – Chevron will allow rival oil producers to buy a chemical technology it developed to boost production from shale wells, the company said on Wednesday, as part of a…
Trump-Iran Standoff Threatens Chronic Gulf Oil Instability: Bousso
(Reuters) – The possible collapse of U.S.-Iran peace talks and the stop-start flow of tankers through the Strait of Hormuz are a nightmare scenario for Gulf nations desperate to return…
INSIGHT: Big Tech Data Centers are Driving Up Power Bills at America’s Rust Belt Factories
By Laila Kearney PJM capacity prices up more than 1,000% in the last two years Industrial electricity prices grow faster than residential, business costs New regulations to manage data center…
IT’S OVER! Oil Jumps Over 6% to Two-Week High After Trump Says Deal With Iran ‘Over’
Summary Get the Latest US Focused Energy News Delivered to You! It’s FREE: Trump says interim accord with Iran to end war is ‘over’ US launches new strikes on Iran…
Iran Military Command Vows ‘Crushing Response’ After Accusing US of Strikes
Iran’s top joint military command, Khatam al-Anbiya Central Headquarters, said on Wednesday that Iranian armed forces would deliver a “crushing response” after accusing the U.S. military of targeting parts of…
AMERICAN ENERGY SNAPSHOT: How Missing Infrastructure Affects Three Energy Markets
By When Iran closed the Strait of Hormuz, gasoline prices in California rocketed higher. In West Texas, spot prices for natural gas have been negative for months. And in Boston,…
Exxon Mobil Signals Higher Second-Quarter Earnings
July 7 (Reuters) – U.S. oil and gas major Exxon Mobil (XOM.N) signaled on Tuesday that changes in oil prices would boost its second-quarter upstream earnings by $3.5 billion to…
