Exxon Mobil said Monday it secured a large exploration position offshore of Egypt as the United States’ largest energy player expands its role in developing oil and gas resources in the Eastern Mediterranean.
Exxon Mobil, which made a …
Source: Reuters
LONDON (Reuters) – Oil prices fell on Thursday as industry data showed a larger-than-expected increase in U.S. inventories but losses were limited after Britain and the European Union announced they had reached a deal on Brexit.
Global benchmark …
Source: Houston Chronicle
Soaring oil-tanker costs are drying up activity in the U.S. export market as sellers are slow to lower offers and buyers are skittish, according to market participants.
Some sellers have held back from offering cargoes, while others …
Source: Reuters
NEW YORK (Reuters) – Oil prices were narrowly mixed on Tuesday, retracing early losses on optimism about a potential Brexit deal and signals from OPEC that further supply curbs are possible, but prices remained under pressure from U.S.-China …
Source: Reuters
FRANKFURT (Reuters) – Germany’s power network operators (TSOs) will hike by 5.5% next year the fee consumers have to pay to support the country’s shift toward renewable energies, they said on Tuesday, confirming what a source earlier told …
Source: Houston Chronicle
Oil slid after surging the most in almost a month on Friday amid doubts that recent progress in the U.S.-China trade talks will compensate for a worsening global demand outlook.
Futures in New York fell as much …
Source: Houston Chronicle
Houston oil company Sanchez Energy appears to be drilling its way out of bankruptcy.
The company temporarily placed its drilling operations on hold after seeking Chapter 11 protection, but over the past week filed 13 drilling permit …
Source: Reuters
MEXICO CITY/SINGAPORE (Reuters) – Nearly 300 oil tankers globally have been placed off limits as companies fear violating U.S. sanctions against Iran and Venezuela, driving freight rates to new highs, industry sources said.
The move has taken roughly …
Source: Houston Chronicle
Oil jumped to $60 a barrel after reports of missile strikes on an Iranian tanker off the coast of Saudi Arabia reignited fears over military escalation in the world’s most important crude-producing region.
Brent futures surged about …
Source: CNBC
House Democrats issued a subpoena to Energy Secretary Rick Perry on Thursday, the latest salvo in the party’s impeachment probe into whether President Donald Trump abused his power through his interactions with the leadership of Ukraine.
The subpoena …
Source: Houston Chronicle
The Dutch Caribbean Island of Aruba is planning to look for new investors in Houston after negotiating an early end to a troubled contract with Citgo to restore and operate a long-idled refinery.
In a Wednesday morning …
Source: Houston Chronicle
Oil held losses near a two-month low as pessimism persisted over the global economic outlook and American crude inventories expanded more than expected.
Futures were little changed in New York after earlier falling as much as 2.3% …
