PetroVietnam Oil Corp., Vietnam’s sole crude exporter, said it’s in talks to sell as much as 40 percent to strategic investors and expects to narrow down to a list of Continue Reading
China’s crude oil imports rose to the second-highest level on record in February, as strong demand from independent “teapot” refiners continues to drive growth. February’s imports came in at 31.78 Continue Reading
China’s exports in yuan-denominated terms rose 4.2 percent year on year in February, while imports up by 44.7 percent, customs data showed on Wednesday. That led to a monthly trade Continue Reading
Steady crude oil prices kept U.S. retail gasoline prices in check, though some regions posted major swings on the back of refinery issues, AAA reported. AAA listed a national average Continue Reading
Oil industry costs are notoriously pro-cyclical, which is one of the main reasons for the pattern of boom and bust that has afflicted in the industry from the beginning. The Continue Reading
The U.S. Energy Information Administration (EIA) on Tuesday projected dry natural gas production would rise in 2017 after falling in 2016, while gas consumption would decline in 2017 after rising Continue Reading
Exxon Mobil Corp. plans to spend about $20 billion on refineries, petrochemical plants and other projects in and around the Gulf of Mexico, Chief Executive Darren Woods said Monday, underscoring Continue Reading
Share Shortly after ExxonMobil Chairman and CEO Darren Woods took the stage at CERAWeek by IHS Markit in Houston, the White House sent out a statement congratulating Woods and his Continue Reading
ConocoPhillips’ CEO Ryan Lance addresses the oil and gas industry’s impending talent shortage during Houston’s CERAWeek by IHS Markit conference. The oil and gas industry has been plagued with the Continue Reading
Royal Dutch Shell is ramping its North American shale output earlier than planned to lock in quick returns from what has become one of its most profitable businesses, the head Continue Reading
