US Refinery Utilization Hits to Highest in Over Two Years, EIA Says

(Reuters) – U.S. utilization of refinery operable capacity rose to 95.5% last week, the highest since June 2023, data from the U.S. Energy Information Administration showed on Wednesday. Refinery utilization…

US Oil Producer Continental Resources Drops Fraud Lawsuit Against Rival Hess

(Reuters) – U.S. shale producer Continental Resources has dropped a lawsuit it filed against rival Hess Corp in May, which alleged it was defrauded out of up to $69 million…

US Crude, Gasoline Stockpiles Fall, Distillates Build, EIA Says

(Reuters) – U.S. crude oil and gasoline inventories fell last week, buoyed by stronger demand and exports, while distillate stockpiles rose, the U.S. Energy Information Administration (EIA) said on Wednesday.…

In Rare Move, California Steps in to Find Buyer for Valero Refinery to Avoid Closure, Sources Say

(Reuters) – California government officials are trying to find a buyer for Valero Energy’s Benicia refinery near San Francisco, three sources familiar with the matter said, an unusual effort as…

US Gas Firms EQT, Range Boost Output Plans for 2025

(Reuters) – U.S. energy companies EQT and Range Resources expect to produce more natural gas in 2025 to meet rising demand for the fuel without boosting planned spending. Demand for…

Germany’s Offshore Wind Sector Stalls

Germany’s offshore wind power installations stagnated in the first half of 2025, with 9.2 gigawatts (GW) as of June 30, the same as at end-2024, German industry associations said, calling…

Lucid Motors Forges Alliance for U.S. Battery Materials

Lucid Group (NASDAQ: LCID), an electric vehicle manufacturer, announced Wednesday a collaboration with several critical mineral producers aimed at accelerating the development and procurement of domestic critical minerals for U.S.…

Trump Says Japan, US to Form LNG Joint Venture

(Reuters) – U.S. President Donald Trump said on Tuesday that Japan will form a joint venture to develop a liquefied natural gas project in Alaska though a Japanese government official…

Dealmaking in US Upstream Oil and Gas Tumbles as Volatility Rattles Investors

By Volatility in markets slows M&A in US upstream oil and gas Major deals by EOG Resources and Viper Energy dominate Q2 Future M&A may focus on international opportunities, says…

Equinor’s Earnings Drop on Lower Oil Prices

Equinor (NYSE: EQNR) booked lower core earnings for the second quarter compared to a year earlier amid lower oil prices, kicking off the earnings season of the international majors, all…