Citgo Petroleum Corp., the U.S. oil refiner controlled by the Venezuelan opposition, ousted chairman Luis Giusti Lugo less than a year after appointing him. Giusti, a 24-year veteran of the oil industry, was dismissed Friday […]
Bloomberg) — Questioned by U.S. lawmakers this week, chief executives from the nation’s biggest oil companies took great pains to explain why they haven’t raised production fast enough to tame skyrocketing energy prices. For Shell […]
ExxonMobil directors have advised shareholders to vote against a climate proposal submitted by green shareholder Follow This that requests Paris-consistent emissions reductions targets. In 2021, the majority of shareholders voted in favor of the Follow […]
LONDON, April 7 (Reuters) – Shell said on Thursday it diverted $7 billion of its cash flows partly to cover hefty oil and gas margin calls, becoming the first company to publicly acknowledge the pressure […]
A significant majority of Americans blame Russian President Vladimir Putin for the recent spike in America’s gas prices, but almost as many blame oil companies, according a new ABC News/Ipsos poll released Sunday. In asked […]
Global emissions of methane, the second-biggest contributor to human-caused climate change after carbon dioxide, surged by a record amount in 2021, the National Oceanic and Atmospheric Administration said on Thursday. Methane, a key component of natural […]
(Reuters) – Oil executives defended themselves in the U.S. Congress from charges by lawmakers that they are gouging Americans with high fuel prices, saying that they are boosting energy output and no one company sets the […]
The U.S. benchmark natural gas price jumped above $6 per million British thermal units (MMBtu) on Wednesday, on the back of estimates that domestic production has dipped in recent days. As of 8:20 a.m. ET […]
Domestic crude oil production edged upward last week, the U.S. Energy Information Administration (EIA) reported Wednesday. For the week ending April 1, U.S. crude oil production increased by 100,000 b/d to 11.8 million b/d, according […]
Exxon Mobil Corp. signaled its highest profit since 2008 as Russia’s war in Ukraine upended global commodity markets. Exxon’s announcement that first-quarter results may have reached almost $11 billion augurs booming profits across the oil […]
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