HOUSTON (Bloomberg) - Exxon Mobil and Chevron arent fazed by the drilling mistakes and funding hurdles smaller shale producers are running into in the Permian basin. The North American supermajors said Friday their strategy for the prolific......【More】
2019-08-06(Bloomberg) - A corporate tax rate cut in the oil-rich province of Alberta, where both ExxonMobil and Chevron have operations, boosted Exxon s second-quarter profit by almost $500 million, according to a statement Friday. Chevron noted a $1......【More】
2019-08-05NEW YORK (Bloomberg) - Oil surged as the Federal Reserve moved toward a rate-cut to boost the economy even as lingering tensions with Iran threatened to choke Middle East supplies. Futures in New York closed 2.1% higher for a fourth straigh......【More】
2019-07-31NEW YORK (Bloomberg) - Oil rose the most in almost three weeks on speculation that demand will get a bump from a potential U.S. Federal Reserve rate cut aimed at spreading economic benefits more broadly. Futures in New York rose 1.2%, exten......【More】
2019-07-30NEW YORK - Oil prices fluttered near $56 a barrel in a volatile trading session that pitted gnawing doubts about global demand with supply threats from the Middle East and elsewhere. Futures were little-changed in New York, despite dueling......【More】
2019-07-29HOUSTON - Americas biggest owner of drilling rigs fell the most in seven months after the chief of Helmerich Payne said he called the bottom too soon. Three months ago, when Helmerich had 220 of its rigs hired out, CEO John Lindsay told inv......【More】
2019-07-26WASHINGTON The U.S. Energy Information Administration reports first-quarter 2019 results for 43 U.S. oil producers indicate they have increased shareholder distributions through dividends and share repurchases during the past two years, ave......【More】
2019-07-25LONDON - Oil snapped four days of losses after the U.S. said it downed an Iranian drone near the Strait of Hormuz, stoking concern crude flows from the Middle East may be disrupted. Futures rose as much as 1.9% in New York, paring their ste......【More】
2019-07-22WASHINGTON - In its July 2019 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts Henry Hub natural gas spot prices for June, July, and August this year will average $2.37 per MMBtu. If realized, thi......【More】
2019-07-19SEOUL (Bloomberg) --South Koreas biggest oil refiner is looking to buy a wider variety of U.S. crude grades in a move that would reduce its reliance on supplies from the conflict-prone Middle East. SK Trading International Co. is considerin......【More】
2019-07-18