Saudi Aramco is looking to invest in oil refining, petrochemicals, and oil product distribution in Vietnam, PetroVietnam said Oct. 30, a day after both state-owned companies had inked a collaboration framework agreement on oil and […]
Deal still needs the approval of Neuquen Province, person says Exxon is exiting Vaca Muerta shale patch to focus elsewhere Exxon Mobil Corp. has agreed to sell most of its assets in Argentina’s Vaca Muerta shale […]
The biggest U.S. LNG exporter, Cheniere Energy Inc (NYSE: LNG), reported on Thursday a decline in third-quarter revenues and profits amid decreased market volatility and lower international LNG and natural gas prices. Cheniere Energy booked $3.763 billion […]
China’s two largest refiners, Sinopec and PetroChina, have reported steep declines in refining output as domestic oil demand weakened further in the third quarter. Lower refining and chemicals demand contributed to a sharp drop in […]
Hurricanes in September & October and the Boeing strike will mess with labor market data for a few months; the Fed won’t get clear answers. By Wolf Richter for WOLF STREET. Three hurricanes – Francine in early September, […]
Company is working with advisers to gauge buyer interest Colonial Pipeline is backed by investors including KKR, CDPQ Colonial Pipeline Co., operator of the largest US fuel pipeline system, is weighing options including a sale […]
By Wolf Richter for WOLF STREET. Boeing, which has booked net losses every year from 2019 on, totaling nearly $32 billion, and which has borrowed huge amounts of money over those years, bringing its short and long-term debt […]
BP and Shell are expected to report lower profits this week due to weak oil prices and falling refining margins. Both companies are facing investor pressure, with BP scaling back its renewable energy plans and […]
The group’s success means that the West is no longer totally in control of international systems This week’s BRICS summit in Kazan, Russia, caused a stir, which is understandable. It was a major event in […]
Hedge funds are betting against green sectors like solar and EVs, favoring fossil fuels as renewable energy struggles with high costs and unreliability. A little more than a year ago, a New York Times headline […]
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