Tuesday, July 8, 2025

Exxon Mobil CEO Revamping Refining and Chemical Ops: Reuters

From Reuters HOUSTON (Reuters) – Exxon Mobil Corp Chief Executive Darren Woods is reorganizing the company’s refining and chemical operations, part of a push to boost profits amid volatile oil and natural gas prices, a spokeswoman said. The changes at the world’s largest publicly traded oil producer are the most sweeping to date by Woods, who became chief executive in

OPEC

OPEC’s Clash with U.S. Oil Approaches Day of Reckoning

From Bloomberg OPEC strategy has helped to deplete half of surplus stocks, but bolstering prices has emboldened American shale-oil drillers The clash between OPEC and America’s oil industry is reaching a day of reckoning. The U.S. shale revolution is on course to be the greatest oil and gas boom in history, turning a nation once at the mercy of foreign imports

Corpus Christi’s Port Enhancement Projects will Allow Very Large Crude Carriers (VLCCs) to Enter the Port Empty and Leave Fully Laden, Growing Exports of Permian and Eagle Ford Crude Oil

Growing U.S. crude exports: VLCCs entering, leaving Corpus Christi can load up to 2 million barrels of U.S. crude for global delivery From the San Antonio Express-News Texas crude oil is being shipped worldwide at ever higher rates as foreign markets get used to the taste of light sweet crude.  Port Corpus Christi, a major refining center on the U.S.