Chevron Shareholders Reject Proposal for Independent Board Chair
By HOUSTON, May 27 (Reuters) – Chevron (CVX.N) shareholders rejected a proposal that would have required an independent board chair separate from the CEO role, according to preliminary voting results…
Fed’s Logan Warns US Oil Production Won’t Fill Global Supply Gap
By Lorie Logan Photographer: Desiree Rios/Bloomberg Get the Latest US Focused Energy News Delivered to You! It’s FREE: Federal Reserve Bank of Dallas President Lorie Logan sounded a warning signal…
Oil Prices Drop as Traders Look for US-Iran Talks Progress
(Reuters) – Oil prices fell around 3% on Wednesday as traders weighed up progress in U.S.-Iran peace talks against renewed hostilities. Brent crude futures fell $2.67, or 2.68%, to $96.91…
Oil Cargo From US Emergency Reserve Heads to Asia, First in Over 3 Years
A cargo of crude oil from the U.S. Strategic Petroleum Reserve is heading to the Philippines, the first shipment of U.S. emergency reserve oil to Asia since November 2022, ship…
Iran Says Draft Deal with US Would Reopen Hormuz Shipping, End Naval Blockade
Iran’s state TV said Tehran had obtained a draft of an initial, unofficial framework for a memorandum of understanding with the United States on ending their conflict. Under the framework,…
WINNERS & LOSERS: Iran War Splits Global Markets Into Clear Winners and Losers
Three months since the Iran war began, persistently high oil prices have policymakers grappling with renewed inflation fears, while sliding currencies are a headache for some Asian countries. Get the…
Exxon, ConocoPhillips Seek Safeguards to Return to Venezuela
By , , , and Exxon Mobil Corp. and ConocoPhillips are pushing for durable contract terms and a way to resolve billions of dollars owed to them as they consider…
US Natural Gas Drops in Thin Trading as Options Contracts Expire
By US natural gas futures fell just before options contracts for front-month delivery expired, erasing earlier gains that had been triggered by an increase in domestic gas supplies flowing to…
Northern Oil & Gas Reaches First Deal for Canadian Energy Assets
US energy firm Northern Oil & Gas Inc. agreed to acquire a stake in Canadian oil and gas properties, its first foray into international assets. Northern will pay Parallax Energy Operating Inc. C$350 million…
PEACE IN PERIL: Global Oil Price Gains 2% as US Military Strikes on Iran Add to Peace Deal Uncertainty
Summary Brent rises, WTI falls owning to settlement price mismatch US Secretary of State says negotiating deal could ‘take a few days’ Some oil, LNG tankers have passed through strait…
