Monday, April 20, 2026
Exxon scrambles to prevent dissident board takeover as fight nears apex-oil and gas 360

Exxon scrambles to prevent dissident board takeover as fight nears apex

Reuters Exxon’s business strategy hung in the balance on Wednesday as it scrambled to stave off a challenge from investors aiming to reshape its board and align the largest international oil major’s growth plans with global moves to combat climate change. Exxon Mobil Corp has lagged other oil majors in its response to climate change concerns, forecasting many more years

Canada's top pension funds boost investments in high-carbon oil sands-oil and gas 360

Canada’s top pension funds boost investments in high-carbon oil sands

Reuters TORONTO – Canada’s biggest pension managers boosted their investments in the country’s major oil sands companies in the first quarter of 2021, raising questions about the funds’ recent commitments to greening their portfolios. The cumulative investment by the country’s top five pension funds into the U.S.-listed shares of Canada’s top four oil sands producers jumped to $2.4 billion in

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 1.7 million barrels

Weekly Crude Oil Storage as of May 21, 2021   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.7 million barrels from the previous week. At 484.3 million barrels, U.S. crude oil inventories are about 2% below the five year average for this time of year, according to the EIA crude oil and petroleum

Global oil deficit seen at 1 million bpd, Russia's Novak says- oil and gas 360

Global oil deficit seen at 1 million bpd, Russia’s Novak says

Reuters TORZHOK, Russia -The global oil deficit is now seen at about 1 million barrels per day (bpd), Russia’s deputy prime minister Alexander Novak said on Wednesday, days before the OPEC+ top negotiators are expected to meet. The Organization of the Petroleum Exporting Countries and its allies, including Russia, a group known as OPEC+, is bringing back 2.1 million bpd