Tuesday, April 7, 2026
Chevron bets on Middle East gas riches and reconciliation- oil and gas 360

Chevron bets on Middle East gas riches and reconciliation

Reuters HOUSTON/LONDON – After years of focusing on U.S. shale, Chevron Corp CVX.N is staking its natural gas future on the Middle East, a volatile and divided region where energy majors have long tread warily. CEO Michael Wirth’s pivot away from home is underpinned by a bet that the Middle East is entering an era of reconciliation that will make it

Oil drops on rising virus cases, increasing Libyan output- oil and gas 360

Oil drops on rising virus cases, increasing Libyan output

Reuters LONDON – Oil prices fell on Monday, extending last week’s losses, as increasing coronavirus cases in the United States and Europe raised worries about energy demand, while Libya’s fast growing production also weighed on prices. Brent was down 88 cents, or 2.1%, at $40.89 by 1306 GMT. U.S. West Texas Intermediate (WTI) dropped 92 cents, or 2.3%, to $38.93.