Oil

By Andres Guerra Luz By Andres Guerra Luz (Bloomberg) –Oil pared its weekly gain as a resurgent pandemic raised the risk of further demand destruction,

By Jennifer Hiller, Arathy S Nair and Shariq Khan Oct 30 (Reuters) – U.S. oil majors Chevron Corp and Exxon Mobil Corp cut spending aggressively in the

By Kevin Crowley (Bloomberg) –Chevron Corp. posted a surprise profit as the oil supermajor slashed capital spending to cope with the pandemic-driven

By Kevin Crowley (Bloomberg) –Exxon Mobil Corp. will slash its global workforce by 15% by the end of 2022, an unprecedented culling by North America’s

By Jennifer Hiller Oct 29 (Reuters) – Exxon Mobil Corp was once the largest U.S. publicly traded company in the United States. Now, the oil major is not

By David Gaffen Oct 15 (Reuters) – U.S. crude stockpiles fell sharply last week, as offshore oil production was shut due to Hurricane Delta, while

By Florence Tan and Roslan Khasawneh SINGAPORE, Sept 10 (Reuters) – Oil major BP has provisionally chartered a supertanker to store crude oil off

By Andres Guerra Luz (Bloomberg) –Oil weakened as economies from the U.S. to Asia signaled a deepening demand fallout from the coronavirus pandemic.

By Ryan Hesketh (Bloomberg) –At almost any other moment in history, the promise of oil producers pouring millions of barrels of crude to the global

By Andres Guerra Luz (Bloomberg) –Crude dropped as investors assessed weak economic data and signals that a recovery in consumption may be slowing.

By Andy Hoffman and Laura Hurst (Bloomberg) –The billionaire CEO of Gunvor Group told staff the firm thrived during the oil market meltdown caused by the

By Laila Kearney NEW YORK, July 1 (Reuters) – Crude exports from the Louisiana Offshore Oil Port (LOOP) are hitting a record high even as U.S. crude

(Bloomberg) — Saudi Arabia seems to have made good on its promise to cut oil production by a record amount in June. Observed Saudi crude exports for this

By Julia Payne and Devika Krishna Kumar LONDON/NEW YORK, June 25 (Reuters) – After U.S. crude futures took an historic plunge into negative territory in

By Hailey Waller and Alex Longley (Bloomberg) –Crude futures plunged by the most since late April a day after the Federal Reserve provided a gloomy

By Serene Cheong and Ann Koh (Bloomberg) — Queues of tankers have formed off China’s busiest oil ports as the vessels wait to offload crude for

By Olivia Raimonde and Hailey Waller (Bloomberg) — OPEC+ and its allies will decide as soon as this week whether or not to extend their historic output

By Olivia Raimonde and Alex Longley (Bloomberg) — Oil’s historic rebound this month from its dramatic plunge below zero is running into headwinds.

By Brian Eckhouse and David Wethe (Bloomberg) –Jeff Bishop’s LinkedIn post gets right to the point: “Houston Oil & Gas Folks — we’re

By Devika Krishna Kumar NEW YORK, May 28 (Reuters) – A flurry of tentative bookings to export U.S. crude oil from the Gulf Coast suggests demand is