Exxon Mobil Corp.’s attempt to derail a multistate fraud probe into whether the company fully disclosed to investors the financial risks of climate change was dealt a major blow after Continue Reading
A surge in hedging contracts is helping U.S. shale drillers ride out the turmoil in global oil markets this year. Next year may not be so easy. As of March, Continue Reading
Horizontal drilling in the Permian Basin is creating a new kind of swap meet. Working with fresh technology that lets producers drill longer wells than ever before, companies such as Continue Reading
BP plans to sell more refineries without investing in new plants despite growing oil production and will focus on modernizing existing operations while expanding its network of filling stations to Continue Reading
As they guided Europe’s largest oil companies through the industry’s worst slump in two decades, the bosses of Royal Dutch Shell Plc and BP Plc had a simple message for Continue Reading
Oil rose after a pipeline halt reduced output in OPEC member Libya, countering concerns that a U.S. surplus shows little sign of diminishing. Libya’s output was said to fall to Continue Reading
Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya and expectations that an OPEC-led output reduction will be extended into the second half Continue Reading
Major oil traders gathered in Switzerland this week said they expected OPEC and non-OPEC producers to extend their pact to curb output in the second half of this year, providing Continue Reading
FILE PHOTO: A worker walks past a pump jack on an oil field owned by Bashneft in Bashkortostan, Russia, January 28, 2015. Oil prices rose on Tuesday, supported by a Continue Reading
Aiming to prove their commitment to Israel, senior U.S. lawmakers are backing bipartisan legislation that would slap Iran with new sanctions while maintaining rigorous enforcement of the landmark nuclear deal. Continue Reading
