Exxon Mobil warns that lower oil prices and tighter refining margins will weigh on earnings
Exxon Mobil has warned that lower oil prices and a squeeze on refinery margins will hurt its fourth-quarter earnings. Exxon ...
Shell writes down Namibia oil discovery in blow to country
Shell will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a ...
ExxonMobil Says Lower Oil Prices Will Hit Q4 Earnings
ExxonMobil said it expects to take an up to $900 million hit to its upstream earnings in the fourth quarter versus the ...
Trump plans to 'immediately' reverse Biden's 'ridiculous' ban on new oil and gas drilling along US coast
President-elect Donald Trump said he will "unban" President Biden's executive order blocking new oil and gas drilling across ...
Indonesia curbs exports of used cooking oil, palm residue to help domestic users
Indonesia has clamped down on exports of used cooking oil (UCO) and palm oil residue to ensure supply to domestic cooking oil ...
Oil Averaging $65 in ‘25 to Keep OPEC+ Under Pressure, BofA Says
International benchmark Brent crude will average $65 a barrel this year as new oil production from non-OPEC countries ...
Biden issues ban on offshore oil and gas drilling in most federal waters. Trump vows to undo it
Biden's last-minute actions could be difficult for President-elect Trump to unwind, since they would likely require an act of ...
US oil imports from Canada hit record ahead of tariff threat, EIA data shows
U.S. crude oil imports from Canada rose last week to the highest on record, data from the U.S. Energy Information ...
Biden Bans New Oil and Gas Drilling Along Most U.S. Coasts
The ban affects the entire Eastern Seaboard, the Pacific Coast along California, Oregon and Washington, the eastern Gulf of ...
U.S. Crude Oil Stockpiles Extend Decline to Seven Weeks
U.S. crude oil inventories fell for a seventh consecutive week, while product stocks saw large builds last week as refineries ...