Oil and Gas
Oil prices bounce back from 3-thirty day period lows but guide a loss for the 7 days
A Shell fuel station in Austin, Texas, on Might 3, 2024. Brandon Bell | Getty Illustrations or photos Crude oil futures bounced back again from three-thirty day period lows on Friday but nonetheless booked to a decline for the week, as the summer season driving year receives underway with the Memorial Working day holiday getaway. […]
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Previous BP exec’s ex-spouse gets jail for insider trading following eavesdropping on her phone calls
Sam Edwards | Getty Pictures The ex-husband of a former BP mergers and acquisitions manager was sentenced to two yrs in federal prison for insider trading that netted him $1.76 million after he eavesdropped on her function phone calls about the oil giant acquiring another company. The ex-spouse, Tyler Loudon, also was sentenced to 1 […]
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Biden to release 1 million barrels of gasoline to cut down costs at the pump in advance of July 4
US President Joe Biden provides remarks on initiatives to decrease high gasoline rates in the South Court docket Auditorium at Eisenhower Govt Office Setting up June 22, 2022 in Washington, DC. Jim Watson | AFP | Getty Illustrations or photos The Biden administration will launch 1 million barrels of gasoline from reserves held in the […]
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Trump VP prospect Doug Burgum and GOP megadonor Harold Hamm are allies in company and politics
Republican presidential applicant and previous president Donald Trump shakes palms with North Dakota Gov. Doug Burgum and Vivek Ramaswamy, remaining, at a campaign rally at the The Margate Resort in Laconia, NH on Monday, January 22, 2024. Jabin Botsford | The Washington Publish | Getty Photos If former President Donald Trump faucets North Dakota Gov. […]
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Exxon faces opposition from CalPERS following ‘devastating’ anti-ESG activist match
ExxonMobil CEO Darren Woods speaks through the APEC CEO Summit at Moscone West on November 15, 2023 in San Francisco, California. Justin Sullivan | Getty Illustrations or photos Exxon Mobil‘s monthslong battle with two environmentally targeted activist investors has value the company the assist of the California Community Employees’ Retirement Program. CalPERS, a $484 billion […]
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U.S. strength secretary to pay a visit to Saudi Arabia, UAE up coming 7 days, officers say
Vitality Secretary Jennifer Granholm testifies through the Senate Electricity and Natural Resources Committee listening to titled “President’s Funds Request for the U.S. Section of Power for Fiscal Calendar year 2025,” in Dirksen developing on Tuesday, April 16, 2024. Tom Williams | CQ-Roll Call, Inc. | Getty Photos U.S. Electrical power Secretary Jennifer Granholm will go […]
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Oil rates increase immediately after Netanyahu dismisses Hamas stop-fireplace offer as ‘sabotage’
Hundreds of Palestinians, including women of all ages and kids living in east component of Rafah, migrate to the west part of the Khan Yunis with their couple possessions loaded on motor vehicles pursuing the Israel’s announcement on the evacuation of neighborhoods, in Khan Yunis, Gaza on May well 6, 2024. Ashraf Amra | Anadolu […]
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BP misses anticipations as profits slip on weaker oil and fuel selling prices
A BP gasoline station in Madrid, Spain. Sopa Photographs | Lightrocket | Getty Photos BP on Tuesday claimed a fall in very first-quarter financial gain, with success coming in under analyst anticipations amid a “drastically weaker” margin in fuels and decrease gasoline and oil rates. The British strength big logged underlying replacement charge profit, applied […]
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Exxon CEO says dispute with Chevron more than Hess Guyana oil belongings could drag into 2025
Darren Woods, chairman and chief govt officer of Exxon Mobil Corp, speaks for the duration of the 2024 CERAWeek by S&P Worldwide conference in Houston, Texas, US, on Monday, March 18, 2024. F. Carter Smith | Bloomberg | Getty Pictures Exxon CEO Darren Woods said Monday that the dispute with Chevron in excess of Hess […]
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AI could drive a natural gas boom as power companies face surging electricity demand
A chimney from the Linden Cogeneration Plant is seen in Linden New Jersey April 22, 2022. Kena Betancur | View Press | Corbis News | Getty Images Natural gas producers are planning for a significant spike in demand over the next decade, as artificial intelligence drives a surge in electricity consumption that renewables may struggle […]
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