Exxon Signals Fall in Fourth-Quarter Upstream Profit
(Reuters) – U.S. oil major Exxon Mobil said on Wednesday that lower crude oil prices could cut its fourth-quarter upstream earnings by about $800 million to $1.2 billion. Oil prices…
Trump’s Oil Push Widens With Seizure of Russian-Flagged Tanker Linked to Venezuela
By , and US boarded boat that escaped blockade and put up Russian flag Trump announces deal to import up to 50 million barrels of crude Venezuela’s main buyer China…
US Energy Secretary Says US Refilling SPR, Seeks Faster Pace
Jan 7 (Reuters) – U.S. Energy Secretary Chris Wright said on Wednesday the government wants to refill the country’s Strategic Petroleum Reserve and is already adding oil, though not as…
EOG Resources Says Venezuela Oversupply is Driving Shale Prices Down
(Reuters) – EOG Resources said on Wednesday that oversupply from Venezuela is driving oil prices down and it would last for several more quarters. Brent crude futures were down about…
Russia Says US Seizure of Oil Tanker is Illegal, Lawmaker Calls it Piracy
(Reuters) – Russia said on Wednesday that the U.S. seizure of a Russian-flagged oil tanker in the Atlantic was a violation of maritime law, and a senior lawmaker described it…
US Crude Stocks Fall, Gasoline and Distillate Inventories Rise, EIA Says
(Reuters) – DENVER, Jan 7 – U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 3.8…
COMMENTARY: Orsted’s US Wind Hit Has Further to Play Out
By LONDON, Jan 7 (Reuters Breakingviews) – Orsted (ORSTED.CO) has been reminded again that offshore wind developers can do many things right but can still be undone by politics. U.S.…
Oil Falls After Trump Says Venezuela Will Supply to US
Summary Trump says Venezuela to export $2 billion worth of oil to US Deal to redirect Venezuelan oil exports to US from China Both benchmarks extend declines from previous session…
US Seizing Venezuela-Linked Oil Tanker After Weeks-Long Pursuit
The vessel tanker Bella 1 at Singapore Strait, after U.S. officials say the U.S. Coast Guard pursued an oil tanker in international waters near Venezuela, in this picture taken from…
Trump’s Plan to Take Venezuelan Oil Angers China
Summary Trump announces deal to import up to 50 million barrels of crude Venezuela’s main buyer China denounces U.S. ‘bullying’ Oil prices fall on anticipated supply increase Captured leader Maduro’s…
