BEIJING—Activity in Chinese factories slumped in May, according to a key measure, as new orders for goods fell in response to uncertainties created by the escalating trade dispute with the Continue Reading
Summary of Weekly Petroleum Data for the week ending May 24, 2019 U.S. crude oil refinery inputs averaged 16.8 million barrels per day during the week ending May 24, 2019, Continue Reading
Occidental Petroleum Corp’s activist investor Carl Icahn has filed a lawsuit against the company over what it called its “misguided” pact to buy Anadarko Petroleum Corp, and may seek a Continue Reading
US gasoline inventories climbed 2.2 million barrels last week to 230.94 million barrels despite a drop in production, suggesting lower demand, data released by the Energy Information Administration showed Thursday. Continue Reading
Oil-directed rigs fall by seven to 849 Gas rigs fall by two to 210 Permian production climbing Houston — US oil and natural gas rigs fell by 13 to 1,061 Continue Reading
Exxon’s shareholders rejected a proposal to set up a climate change board committee and voted down a proposal for corporate governance changes that some shareholders had proposed to protest the Continue Reading
In the run-up to a busy Memorial Day weekend, refineries across the country boosted their crude utilization rate to 91.2% — a significant increase to a spring season which has Continue Reading
The U.S. Interior Department is determined to sell oil leases for the first time this year in the ecologically sensitive but presumably petroleum-rich coastal plain of Alaska’s Arctic National Wildlife Continue Reading
The move has been opposed by oil companies and environmentalists, who object that it could lead to higher prices at the gas pumps and increase air pollution during the summer Continue Reading
A pioneering $1bn project for large-scale storage of energy from wind and solar power has been launched in Utah, offering a way to manage the variability of renewable generation. A Continue Reading
