Oilfield company SLB raised its quarterly dividend and accelerated share repurchases on Friday as its fourth-quarter profit beat expectations, while
– Oil prices edged higher on Monday after China took steps to bolster its flagging economy, although investors remain worried about the pace of growth as well as further U.S. interest rate hikes that could dampen demand. China halved stamp duty on stock trading in its latest attempt to boost struggling markets. The market is also keeping an eye on Tropical Storm Idalia and any risk it poses to oil and gas output in the U.S. Gulf. Brent crude rose 21 cents, or 0.3%, to $84.69 a barrel by 11:22 a.m. ET (1520 GMT). Its
Oil prices held steady on Monday, pressured by worries further U.S. interest rate hikes could dent demand but supported by the potential of a supply disruption from a tropical storm off the U.S. Gulf Coast. Brent crude settled 6 cents lower at $84.42 a barrel, after touching a session high of over $85 earlier in the day. U.S. West Texas Intermediate crude was 27 cents, or 0.3%, higher at $80.10. On Friday, crude posted a second week of losses after Federal Reserve Chair Jerome Powell said the U.S. central bank may need to raise rates
Energy Transfer does not expect the U.S.
Oil prices surged 3% on Wednesday to the highest settlement in 2023, after a steep drop in U.S. crude stocks compounded worries of tight global supplies.
Oil prices surged 4% on Monday, recouping some of last week's steep losses, as military clashes between Israel and the Palestinian Islamist group Hamas ignited
Top U.S. oil producer Exxon Mobil's planned acquisition of the No.
Global energy traders are emerging as early buyers of Venezuela's stocks of crude and fuel oil following last week's
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
Energy pipeline operator Enterprise Products Partners will expand its natural gas liquids (NGLs) operations, adding a pipeline from Texas' Permian Basin, new
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
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 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 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
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
At least two ships transporting oil or oil products between the U.S.
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 and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted due to attacks by Iran
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
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
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
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.
For years, Endeavor Energy founder Autry Stephens' refusal to entertain acquisition offers for one of the most lucrative producers in the
For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall.
Oil prices ticked up in early Asian trading on Monday, extending gains for the third straight day, as shipping disruptions spurred supply worries.
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