Union Rejects Contract Offer From Marathon
(Reuters) – The United Steelworkers union rejected a comprehensive contract offer from Marathon Petroleum in talks for a national pattern agreement for U.S. refinery and chemical plant workers, the union…
North Dakota Oil Output Fully Restored, Nationwide Outages Dropping
(Reuters) – All of North Dakota’s crude production was back online on Friday, state regulators said, after recovering from an arctic blast from a winter storm that has disrupted production…
Chevron Can Process Another 100,000 bpd of Venezuelan Crude at its US Refineries, CEO Says
(Reuters) – Chevron CEO Mike Wirth said on Friday the U.S. oil major can process an additional 100,000 barrels per day of Venezuelan crude at its refineries. “We’ve been bringing…
US Drillers Add Oil and Gas Rigs for Second Week in a Row, Baker Hughes Says
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since December, energy services firm Baker…
Half of Americans at High Risk of Power Shortfalls Amid AI Boom
By and As many as 151 million Americans are at high risk of power shortfalls — or outright blackouts — over the next five years because of extreme weather, natural…
COMMENTARY: Old-Economy Demands May Stall Emerging Market Decarbonization – Maguire
By Gavin Maguire LITTLETON, Colorado, Jan 30 (Reuters) – While North America and Europe scramble to build the data centers needed to run 21st-century businesses, many emerging markets remain anchored…
COMMENTARY: Oil Needs an Iran Supply Shock, Not Tough Talk, to Break Out of Range – Bousso
By LONDON, Jan 30 (Reuters) – Oil prices remain stuck in a narrow band even after soaring 15% in January, partly on fears of a fresh U.S. strike on Iran.…
Trump to Impose Tariffs on Goods From Nations Giving Oil to Cuba, White House Says
U.S. President Donald Trump on Thursday signed an executive order declaring a national emergency and establishing a process to impose tariffs on goods from countries that sell or otherwise provide…
LyondellBasell Targets $1.3 Billion in Cost Savings After Surprise Quarterly Loss
(Reuters) – Petrochemicals maker LyondellBasell on Friday posted a surprise loss for the fourth quarter and said it aims to save $1.3 billion by the end of 2026, as it…
Chevron Beats Q4 Profit Estimate, Eyes Venezuela Investment Opportunities
Summary Chevron evaluates investment opportunities in Venezuela amid geopolitical changes Q4 profits exceed estimates despite lower crude prices, focus on cost-cutting Tengiz maintenance and weather impact Q1 production, expected to…
