Oil Refiners’ Robust Profits Defy Souring Outlook

By Global refining profit margins above 2024 levels Traders refilling depleted diesel inventories after cold winter Gasoline demand set to rise ahead of summer LONDON, May 8 (Reuters) – Global…

ConocoPhillips Beats First-Quarter Profit Target, Announces CFO Retirement

May 8 (Reuters) – ConocoPhillips (COP.N) beat Wall Street estimates for first-quarter profit on Thursday and said Chief Financial Officer Bill Bullock will retire after nearly four decades with the…

U.S. Exports of Natural Gas Liquids Touch Record High in April

(Reuters) – U.S. exports of natural gas liquids touched a record high in April, even as a trade war between the U.S. and China cut shipments to the top buyer,…

Nigeria Sets Higher Oil Production Target

Nigeria’s government has set a new, significantly higher, production target for the national oil company, aiming for 2.5 million barrels daily by the end of this year. “When the new…

Germany Sees Slump in Wind and Solar Generation

Germany’s wind and solar power output has slumped to the lowest in ten years since the start of the year, at just 80 TWh over the first four months of…

Russia Claims Active Talks With China on New Gas Pipeline Are Underway

Russia is in an active stage of talks with China over the Power of Siberia 2 gas pipeline to bring more Russian gas to China, Russia’s Energy Minister Sergei Tsivilev…

ConocoPhillips Beats Q1 Profit Estimates as Output Jumps

ConocoPhillips (NYSE: COP) reported on Thursday slightly better-than-expected earnings for the first quarter, as higher oil and gas production volumes more than offset lower prices and increased operating costs. ConocoPhillips…

Oil Prices Rise on Support from US-China Trade Hopes

Summary • Crude prices supported by impending US-China talks• Brent prices could drop to $50 if US-Iran deal occurs – Citi LONDON, May 8 (Reuters) – Oil prices rose over…

How Tariffs and OPEC+, Oddly Enough, Are Driving Down the Price of Oil

By and When US President Donald Trump was inaugurated to his second term as president on Jan. 20, oil prices were close to the highs of the summer before. By…

Warren Buffett’s Canadian Successor is a Billionaire Without Many Berkshire Shares

Warren Buffett’s appointed successor has built a billion-dollar fortune in his time at Berkshire Hathaway Inc. But unlike the legendary investor — or even his friends and early backers who…