“AI”ING IT: Exxon Using AI for Faster Analysis of Guyana’s Oil Fields, VP of Exploration Says
(Reuters) – Exxon Mobil is using artificial intelligence and new technology to interpret seismic data from Guyana in days rather than months, John Ardill, the company’s vice president of exploration,…
US Gasoline Prices Top $4.50 a Gallon as Summer Driving Season Nears
Summary Strait of Hormuz disruptions, refinery issues dent fuel supply Analysts warn prices could rise further if war persists Morgan Stanley: US gasoline inventories falling faster than usual despite high…
NRG Energy Misses Quarterly Profit Estimates on Mild Texas Weather, Higher Costs
May 6 (Reuters) – Power producer NRG Energy on Wednesday missed Wall Street estimates for first-quarter adjusted profit, hurt by milder weather in Texas and increased costs. Get the Latest US…
Oil Slides After Pakistani Source Says US and Iran are Close to Framework Peace Deal
Summary US crude oil stocks expected to fall further Brent crude drops below $100 a barrel Benchmarks set for biggest daily declines in a month (Reuters) – Oil prices extended…
Trump Says Iran “Should Wave the White Flag of Surrender”
(Reuters) – President Donald Trump on Tuesday dismissed Iran’s military capability and said Tehran “should wave the white flag of surrender” but is too proud to do so. Trump told…
Duke Energy Tops Profit, Revenue Estimates on Rate Recovery, Weather Boost
May 5 (Reuters) – Utility Duke Energy (DUK.N) exceeded Wall Street expectations for first-quarter profit and revenue on Tuesday, supported by the recovery of rate-based infrastructure investments and favorable weather.…
Middle East Truce in Doubt as US and Iran Fight for Control of Strait of Hormuz
(Reuters) – The fragile truce in the Middle East was in jeopardy on Tuesday after the U.S. and Iran launched new attacks as they wrestled for control of the Strait…
Marathon Petroleum Profit Beats Estimates as Iran War Drives Refining Margins
May 5 (Reuters) – Marathon Petroleum (MPC.N) on Tuesday beat Wall Street estimates for first-quarter profit, benefiting from stronger refining margins amid tighter global supply driven by the Middle East…
GETTING CLOSE: Canada-US Oil Pipeline Close to Reaching Commitment Requirement
Get the Latest US Focused Energy News Delivered to You! It’s FREE: Summary Oil companies commit to move at least 400,000 bpd, or about 72% of the pipeline’s initial capacity,…
Global Oil Slips But Middle East Fighting Limits Losses
Summary Iran counters with Gulf attacks on vessels and UAE oil port US Navy escorts Maersk vessel through Hormuz (Reuters) – Global oil prices slipped on Tuesday a day after…
