Anadarko Petroleum Corp. said Monday that a $38 billion bid by Occidental Petroleum Corp. was superior to an offer it accepted from Chevron Corp., raising the stakes in the battle Continue Reading
US refineries have upped their imports of Iraqi, Nigerian, Brazilian, and Angolan crude oil, with May volumes double that of April levels, data from Refinitiv Eikon showed on Monday. Oil Continue Reading
The amount of electricity consumed by plug-in electric vehicles (PEV) in the United States has nearly doubled in the last two years—from 1.44 terawatt-hours in 2016 to 2.85 terawatt-hours in Continue Reading
The European Union has promised to double its intake of U.S. liquefied natural gas over the next five years with the annual total reaching the equivalent of 8 billion cubic Continue Reading
Crude oil futures slumped in mid-afternoon trade Monday after US President Donald Trump threatened to raise tariffs from 10% to 25% this Friday. At 2:03 pm Singapore time (0603 GMT), Continue Reading
Oil prices tumbled on Monday after U.S. President Donald Trump said he would sharply hike tariffs on Chinese goods this week, risking the derailment of trade talks between the world’s Continue Reading
U.S. President Donald Trump has just given commodity markets a reminder that stormy waters can blow up quite quickly even if the voyage ahead was looking like smooth sailing. Investors Continue Reading
Less than a month ago in the imposing setting of the IMF’s HQ2 building in Washington DC, Gita Gopinath, its new chief economist, had a bleak message for the world. Disappointing Continue Reading
Eastern Libyan forces commander Khalifa Haftar urged his troops trying to take Tripoli to battle harder and teach their enemies a lesson because the holy Muslim month of Ramadan that Continue Reading
Iran has mobilized all its resources to sell oil in a “grey market”, bypassing U.S. sanctions that Tehran sees as illegitimate, state media quoted Deputy Oil Minister Amir Hossein Zamaninia Continue Reading
