Today: July 05, 2024
Today: July 05, 2024

Latest From Arathy Somasekhar

Business|Economy|Environment|News

Trans Mountain oil pipeline just shy of target for first-month loadings

About 20 ships loaded crude oil on Canada's West Coast in the first full month of operation on the newly expanded Trans Mountain pipeline, according to vessel-

Trans Mountain oil pipeline just shy of target for first-month loadings
Business|Economy

U.S. crude imports touch two-year high despite lukewarm demand

U.S. crude oil imports last month rose to a nearly two-year high as refiners scooped up heavy crudes from Canada and Latin America to process into fuels for

U.S. crude imports touch two-year high despite lukewarm demand
Business

Activist Elliott has accepted Phillips 66's performance goals -CEO Lashier

Activist investor Elliott Investment Management has accepted the performance improvement plan that U.S. oil refiner Phillips 66 laid out to boost shareholder

Activist Elliott has accepted Phillips 66's performance goals -CEO Lashier
Business

Indian refiners buy more US crude as Russia sanctions tighten

More than 250,000 barrels per day of U.S. crude is set to arrive in India next month, the highest in more than a year, ship tracking data showed, amid tighter

Indian refiners buy more US crude as Russia sanctions tighten
Business

Oil mergers, clean fuels vie for attention at Houston energy conference

Top oil executives and ministers descend on Houston this week for one of the world's biggest energy conferences emboldened by blockbuster mergers, stable oil

Oil mergers, clean fuels vie for attention at Houston energy conference
Business

Oil dips on profit taking after price crosses $85

Oil prices edged lower on Friday but were on track to gain nearly 4% for the week as sharp declines in U.S. crude and fuel inventories, drone strikes on Russian

Oil dips on profit taking after price crosses $85
Business

Crude edges higher on supply concerns as shipping disruptions continue

Oil prices ticked up in early Asian trading on Monday, extending gains for the third straight day, as shipping disruptions spurred supply worries.

Crude edges higher on supply concerns as shipping disruptions continue
Business

Tumbling US natural gas prices prove unstoppable, hurting producers

For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall.

Tumbling US natural gas prices prove unstoppable, hurting producers
Business

Oil edges up on smaller US output growth estimates

Oil prices ticked higher on Wednesday, as growth in U.S. oil production is expected to remain largely steady through 2025, easing worries of excess supply.

Oil edges up on smaller US output growth estimates
Business

Pilot energy business president, marketing chief out in shakeup

U.S. fuel retailer Pilot Travel Centers said the president of its energy business and petroleum marketing chief have left the company in the latest shakeup

Pilot energy business president, marketing chief out in shakeup
Business

US crude prices firm at Gulf Coast as takeaway capacity tightens

Record crude output from the top U.S. oilfield and busy crude pipelines to export hubs are boosting the price of the country's flagship crude at the Gulf Coast

US crude prices firm at Gulf Coast as takeaway capacity tightens
Business

Oil ticks up as Middle East crisis escalates, tankers divert

Oil prices edged slightly higher on Tuesday as the Middle East crisis escalated and ship tracking data showed more tankers altering course away from the Red Sea in

Oil ticks up as Middle East crisis escalates, tankers divert
Business

Fuel tankers face long slog as Panama Canal drought reroutes flows

Oil tanker Cururo is taking the long way from Houston to Chile: sailing the length of South America's Atlantic coast, across the Strait of Magellan and heading

Fuel tankers face long slog as Panama Canal drought reroutes flows
Business

Marathon Oil profit tops analysts' estimates on higher production

Marathon Oil on Wednesday posted a third quarter profit that fell 44% from a year ago as energy prices fell, but results beat Wall Street analysts' forecasts

Marathon Oil profit tops analysts' estimates on higher production
Business

Enterprise Products doubles down on gas liquids with pipelines, processing plants

Energy pipeline operator Enterprise Products Partners will expand its natural gas liquids (NGLs) operations, adding a pipeline from Texas' Permian Basin, new

Enterprise Products doubles down on gas liquids with pipelines, processing plants
Business

Oil dips as global supply concerns ease

Oil prices eased on Tuesday as markets worried less about potential supply disruptions from the Middle East conflict and on data showing rising output from

Oil dips as global supply concerns ease
Business

As oil majors cast shale nets, Texas oilman Sheffield made Pioneer the prized catch

Four years ago, Texas oilman Scott Sheffield saw the oil majors were moving aggressively into the top U.S. shale basin and plotted to make his then-$24 billion

As oil majors cast shale nets, Texas oilman Sheffield made Pioneer the prized catch
Business

Exxon-Pioneer tie up could squeeze US shale oil suppliers, pipelines

Top U.S. oil producer Exxon Mobil's planned acquisition of the No.

Exxon-Pioneer tie up could squeeze US shale oil suppliers, pipelines
Business|Economy|News

Oil settles higher on forecasts for strong demand

Oil prices settled slightly higher on Tuesday as the U.S.

Oil settles higher on forecasts for strong demand
Economy

Oil rises 1% as Fed rate cut optimism offsets demand fears

Oil prices climbed 1% on Wednesday, rebounding from four-month lows, as hopes of an interest rate cut by the U.S.

Oil rises 1% as Fed rate cut optimism offsets demand fears
Economy

Oil posts weekly loss as interest rate policy spurs fuel demand worries

Oil prices rose about 1% on Friday, but fell for the week on worries that strong U.S. economic data would keep interest rates elevated for a longer period,

Oil posts weekly loss as interest rate policy spurs fuel demand worries
Economy

Oil prices steady as markets debate Middle East crisis and OPEC supply

Oil prices steadied in early trade on Tuesday after sliding in the previous session, as markets weighed Middle East tensions against demand worries and rising OPEC

Oil prices steady as markets debate Middle East crisis and OPEC supply
Economy

Brent crude oil flirts with $80 ahead of OPEC+ meeting

Oil prices fell on Monday, with the Brent benchmark hovering around $80 a barrel as investors awaited this week's OPEC+ meeting and expected curbs on supplies

Brent crude oil flirts with $80 ahead of OPEC+ meeting
Economy

Oil tumbles on big build in US crude stocks, record crude production

Oil prices dipped on Wednesday on a bigger-than-expected rise in U.S. crude inventories and record production in the world's biggest producer.

Oil tumbles on big build in US crude stocks, record crude production
Economy

Oil climbs as Saudi Arabia and Russia stick to supply cuts

Oil prices edged higher on Monday after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until the end of

Oil climbs as Saudi Arabia and Russia stick to supply cuts

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