ConocoPhillips Beats First-Quarter Profit Target, Announces CFO Retirement
May 8 (Reuters) – ConocoPhillips (COP.N) beat Wall Street estimates for first-quarter profit on Thursday and said Chief Financial Officer Bill Bullock will retire after nearly four decades with the…
Oil Refiners’ Robust Profits Defy Souring Outlook
By Global refining profit margins above 2024 levels Traders refilling depleted diesel inventories after cold winter Gasoline demand set to rise ahead of summer LONDON, May 8 (Reuters) – Global…
Oil Prices Rise on Support from US-China Trade Hopes
Summary • Crude prices supported by impending US-China talks• Brent prices could drop to $50 if US-Iran deal occurs – Citi LONDON, May 8 (Reuters) – Oil prices rose over…
How Tariffs and OPEC+, Oddly Enough, Are Driving Down the Price of Oil
By and When US President Donald Trump was inaugurated to his second term as president on Jan. 20, oil prices were close to the highs of the summer before. By…
Warren Buffett’s Canadian Successor is a Billionaire Without Many Berkshire Shares
Warren Buffett’s appointed successor has built a billion-dollar fortune in his time at Berkshire Hathaway Inc. But unlike the legendary investor — or even his friends and early backers who…
Ukrainian Parliament Ratifies Natural Resources Deal With US
Excavators at a graphite mine in the Kirovohrad region, Zavallya, Ukraine. Photographer: Olena Koloda/Bloomberg Ukraine’s parliament ratified a deal with the US over access to the country’s natural resources, lending…
KKR-Backed Crescent Energy Weighs Asset Sales to Focus on Eagle Ford, Uinta Basins
Photographer: Anthony Prieto/Bloomberg Photographer: Anthony Prieto/Bloomberg Crescent Energy Co. is looking to sell its drilling portfolio in areas including the Denver-Julesburg Basin in Colorado to focus on its core acreage…
Potential For Undiscovered Oil and Gas Resources in US Gulf Coast, Agency Says
(Reuters) – The U.S. Geological Survey (USGS) released an assessment on Wednesday detailing potential undiscovered oil and gas in two formations under much of the U.S. Gulf Coast from Texas…
US Crude Inventories Decline, Jet Fuel Demand Jumps, EIA Says
(Reuters) – U.S. crude stocks and distillate inventories fell last week, while jet fuel demand rose to a five-year high, the Energy Information Administration (EIA) said on Wednesday. Gasoline inventories…
Oil Wells Per Location in Lower 48 US States More Than Double in Past Decade, EIA Says
(Reuters) – The U.S. Energy Information Administration said on Wednesday that it estimates that the average number of oil wells completed simultaneously within 50 feet of each other in the…
