Geopolitics Loom Large Over Big Oil earnings as Investors Seek Venezuela Details
A view of the installations at the Puerto La Cruz oil refinery of Venezuelan state oil company PDVSA Summary Exxon, Chevron Q4 earnings could be overshadowed by geopolitical intrigue Chevron…
Oil Continues Upward Climb on Iran Attack Concerns
Summary US-Iran tensions remain key near-term price driver Markets pricing in geopolitical risk premiums US winter storms, Kazakh outages, also adding support (Reuters) – Brent oil futures prices jumped on…
Citi Expects Oil Prices to Stay Elevated Despite Oversupply Risks
Citi said on Wednesday that oil prices may stay elevated due to rising geopolitical risks, U.S. restrictions on Russian oil purchases and continued Chinese buying, even as markets entered the…
US LNG Plants Imported Cargoes During Winter Storm as Natural Gas Prices Hit Records
By and BP and Shell imported LNG from Trinidad amid U.S. winter storm Spot gas prices hit all-time highs due to increased demand and frozen wells Elba Island and Cove…
US Refiners Poised for Higher Q4 Profit, Venezuela in Focus
By NEW YORK, Jan 22 (Reuters) – Top U.S. oil refiners are expected to post stronger fourth-quarter profits as product margins spurred by the ongoing Russia-Ukraine war boosted earnings, energy…
US Handing Over Seized Tanker to Venezuela, Officials Say
WASHINGTON, Jan 28 (Reuters) – The United States is handing over a tanker to Venezuela that it seized this month, two U.S. officials told Reuters on Wednesday, the first known…
NY Regulators Oppose Filings for Williams’ Proposed PA-NY Constitution Natgas Pipeline
(Reuters) – New York’s environmental regulator said on Wednesday that it filed with federal energy regulators to oppose Williams Cos-led Constitution Pipeline’s bid to revive a permit to build the…
US Crude Production Recovers After Winter Storm Ravages Output
By Georgina McCartney HOUSTON, Jan 28 – U.S. crude oil producers were bringing wells back online on Wednesday following a severe winter storm that swept across the country over the…
US Crude Stocks Fall, Gasoline and Distillate Inventories Rise, EIA Says
By Liz Hampton and Georgina McCartney (Reuters) – U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday. Get the Latest…
Chevron to Boost Exports of Venezuelan Oil to US to 300,000 bpd in March, Sources Say
(Reuters) – Oil producer Chevron is set to boost exports of Venezuelan crude to the U.S. to some 300,000 barrels per day (bpd) in March, from 100,000 bpd in December…
