Venezuela’s National Assembly, led by opposition leader Juan Guaido, on Tuesday authorized an interest payment on an overdue bond, in an apparent bid to keep the country’s crown jewel overseas Continue Reading
China’s crude oil imports in April unexpectedly surged to a record despite refinery maintenance outages and tepid domestic fuel demand, customs data showed, as state-run refiners built up stocks of Continue Reading
China’s crude oil imports in April hit a record high of 10.68 million b/d, rebounding from 9.3 million b/d in March, preliminary data from the General Administration of Customs showed Continue Reading
U.S. crude oil production is expected to rise by 1.49 million barrels per day (bpd) in 2019 to average 12.45 million bpd, the U.S. Energy Information Administration (EIA) said on Continue Reading
General Motors Co.’s Cruise division has landed another $1.2 billion in outside financing, bringing the value of the driverless-car developer to $19 billion. San Francisco-based Cruise said Tuesday it received Continue Reading
US coal production in 2019 will total 699.8 million st, the US Energy Information Administration forecast Tuesday, increasing its projection 2.3% from April. EIA’s May Short-Term Energy Outlook shows 2019 Continue Reading
Highlights Chevron, Occidental in bidding war since early April Occidental revises bid Sunday, aggress to deal with Total Dubai — The bidding war between Occidental Petroleum and Chevron to acquire Continue Reading
After a warmer-than-normal April across much of the US trimmed the use of natural gas for space heating, the US Energy Information Administration on Tuesday forecast that gas storage inventories Continue Reading
Dismantling an oil and gas platform in the Gulf of Mexico is becoming even more challenging. Hardly an easy proposition to begin with, dismantling an offshore oil and gas platform Continue Reading
Occidental Petroleum Corp. Chief Executive Officer Vicki Hollub is on the cusp of winning a David versus Goliath bidding war that has captivated the oil industry. After making a series Continue Reading
