Exxon and Chevron Cut Divergent Paths as Global Oil Glut Looms
By North America’s two dominant oil companies are carving divergent paths as the global crude market staggers toward what’s widely expected to be a hefty supply glut. Exxon Mobil Corp.…
Oil Prices Steady Despite OPEC+ Plans to Pause Output Increases
Summary OPEC+ agrees to small output increase in December Plans to pause production increases in the new year Russia’s Tuapse port hit by Ukraine drone attack Supply outlook and Asian…
Trump Administration Announces $100 Million in Funding to Upgrade Coal Plants
(Reuters) – The U.S. Department of Energy on Friday announced that it would make $100 million available to refurbish and modernize existing coal-fired power plants. The move is part of…
The Great AI Buildout Shows No Sign of Slowing
Microsoft and OpenAI inked a deal enhancing the ChatGPT maker’s fundraising ability and OpenAI promptly started laying groundwork for an initial public offering that could value the company at $1…
Chevron CFO Sees Oil Slump Persisting Into 2026 on Ample Supply
By Chevron Corp. Chief Financial Officer Eimear Bonner said there’s a risk the oil-price slump persists into next year amid robust output from OPEC+ members and non-aligned nations. Get the…
OPEC+ Likely to Agree Small Oil Output Increase for December, Sources Say
By , and Group likely to agree to 137,000 bpd hike, sources say New sanctions make it difficult for Russia to raise output OPEC+ has slowed pace of increases amid…
‘Fool Me Once’ – US Officials to Skip UN Climate Talks Trump Derided as ‘Scam’
By Pavilions at the Parque da Cidade, the main venue for the COP30 summit, in Belem, Brazil. Photographer: Alessandro Falco/Bloomberg Get the Latest US Focused Energy News Delivered to You!…
US Drillers Cut Oil and Gas Rigs for First Time in Three Weeks, Says Baker Hughes
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes said…
Oil Ends Slightly Up, Trade Choppy on Report, Denial of US Attack Plan on Venezuela
By Trump issues denial on social media that U.S. plans to attack Venezuela News media reports say U.S. plans air strikes on Venezuela Brent, WTI set to fall about 2.6%…
US Natural Gas Futures Soar to Six-Month High on LNG Export Surge
(Reuters) – U.S. natural gas futures jumped about 4% on Friday to a six-month high, on near-record flows to liquefied natural gas (LNG) export plants, as output dropped and forecasters…
