energy

Oil prices weighed down by weak Asian demand

Oil prices fell on Tuesday, with both contracts heading for a fourth straight session of losses, weighed down by a…

4 years ago

U.S. investors lean on blank-check firms in search for energy transition targets

Former U.S. oil investment bankers, portfolio managers and executives have formed over 20 listed blank-check companies to take renewable energy…

4 years ago

U.S. Gulf of Mexico oil producers consolidation accelerates

Oil and gas producers in U.S. Gulf of Mexico have consolidated at a faster rate during the pandemic, new government…

4 years ago

Oil prices drop amid faltering demand outlook in China

Oil prices fell by about 2% on Monday, dropping for a third session, after official data showed that refining throughput…

4 years ago

Oil dips as Delta variant weighs on demand forecasts

The Brent benchmark oil price fell for a second day on Friday, albeit holding above $70 a barrel, after the…

4 years ago

EXCLUSIVE Exxon, Chevron look to make renewable fuels without costly refinery upgrades -sources

U.S. oil major Exxon Mobil Corp (XOM.N), along with Chevron Corp (CVX.N), is seeking to bulk up in the burgeoning renewable fuels…

4 years ago

Analysis: Peak OPEC? Climate-focused production shift to pile pressure on pact

Moves to mitigate climate change are drawing peak oil demand closer, current and former OPEC officials told Reuters, potentially giving…

4 years ago

Exclusive: Exxon launches U.S. shale gas sale to kick-start stalled divestitures

Exxon Mobil Corp (XOM.N) has begun marketing U.S. shale gas properties as it ramps up a long-stalled program that aims to raise…

4 years ago

Oil drops below $70 as U.S. urges OPEC+ to pump more

Oil fell below $70 a barrel on Wednesday as the United States urged OPEC and its oil-producing partners to boost…

4 years ago

Dow, S&P 500 close at records as U.S. infrastructure bill clears Senate

Wall Street rose on Tuesday, with both the blue-chip Dow and benchmark S&P 500 closing at record highs, as economically…

4 years ago