Story By Ali Ahmed |Insider Monkey| In this article, we will be covering the top 20 largest refineries in the world. If...
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Occidental Petroleum Corp., a major player in the oil industry based in Houston, is set to acquire Canadian clean-tech innovator Carbon Engineering...
By: AP – Children who lived closer to natural gas wells in heavily drilled Pennsylvania were more likely to develop a relatively...
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(Bloomberg) — Expansion in the US shale patch has come to an end for now with oil output set to shrink for...
The International Energy Agency (IEA) has recently released a comprehensive report indicating a foreseeable deceleration in the growth of oil demand by...
Amid ongoing tensions in the Strait of Hormuz, the U.S.-led International Maritime Security Construct has issued a warning to ships in the...
By: Bloomberg -The World Bank arbitration court awarded $77 million to Exxon Mobil Corp. in a resubmitted claim worth $1.4 billion over the...
UNITED NATIONS (AP) — The transfer of more than a million barrels of oil from an aging tanker moored off the coast...
Crude futures are surging after a weekend flare-up of tensions between Israel and Hezbollah along the Lebanon border, exacerbated today by the Libyan National Army's call for a production shutdown in the country's eastern oilfields amid growing unrest.
Meanwhile, Exxon Mobil took the opportunity to release its annual energy report, where it says that carbon emissions won't drop until 2030, and warns that increased adoption of electric vehicles won't be enough to offset the impact of surging energy demand caused by a rising population. Not unlike the average global temperature, XOM is lingering within range of all-time highs at midday.
U.S. stocks today are mixed, with the Dow Jones Industrials posting a new record high. Weakness in chip stocks today is weighing on the broader market. Stocks have carryover support from last Friday, when Fed Chair Powell said "the time has come for policy to adjust." Also, energy stocks are climbing today, with WTI crude oil up more than +3% at a 1-week high
The EU's Red Sea naval mission says there are no obvious signs of an oil spill from a tanker attacked by Houthis in Yemen on Friday.
But a fire on board the MV Sounion has continued to burn.https://t.co/HfDL1Qg1DY
— DW Europe (@dw_europe) August 26, 2024
The numbers: The Commerce Department said Monday that orders at U.S. factories for long-lasting goods, such as new cars or machinery, jumped 9.9% in July.
Economists had forecast a 4% rise in orders for durable goods — products made to last at least three years.
Orders have risen in five of the last six months. However, they dropped 6.9% in June due to weak aircraft orders.
Excluding the volatile transportation sector, orders were up 0.2% in July after a 0.1% gain in the prior month.
Another measure in the report seen as a bellwether for business investment — core capital-goods orders, which exclude volatile sectors like transportation and defense — slipped 0.1% last month after a 0.5% rise in June.
Helium is the second most abundant element in the universe after hydrogen. It is a...
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A federal judge has hit the pause button on new oil and gas drilling...
Story By Andreas Exarheas |Rigzone.com| The U.S. Energy Information Administration’s (EIA) latest gasoline and...
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Chevron CEO Michael Wirth recently criticized U.S. President Joe Biden’s administration for policies that...
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A small group of California Republicans has introduced several bills ahead of a special...
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The oil and gas industry is inherently tied to geopolitical events and domestic policy...
Story from Bloomberg|By Anthony Di Paola| Libya’s crude exports continued to slump as UN-led...
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