Elliott Management has taken a $1 billion stake in Phillips 66 and plans to seek as many as two board seats, sources told CNBC’s David Faber....
OPEC has refused to switch to bigger output increases as group sources have cited a lack of spare capacity among members to add more barrels as...
The Gorgon liquefied natural gas (LNG) and carbon capture and storage (CCS) facility, operated by Chevron Corp., on Barrow Island, Australia, on Monday, July 24, 2023....
Gas prices at a Chevron gas station in Newhall, CA. Monday, September 18, 2023. The average price of a gallon of regular gas in Los Angeles...
U.S. crude oil prices entered a bear market this week, down 22% from September highs as traders wrangle over whether the spiral is driven by market...
A coal-fired power plant in Indonesia. Aditya Aji | AFP | Getty Images Efforts to restrict global warming to 1.5 degrees Celsius are failing “across the...
A working oil pumpjack is pictured in Taft, Kern County, California on September 21, 2023. Frederic J. Brown | Afp | Getty Images Oil prices inched...
Saudi state oil giant Aramco posted a 23% drop in profit in the third quarter, down to $32.6 billion attributable to “the impact of lower crude...
Armoured vehicles of the Israel Defense Forces (IDF) are seen during their ground operations at a location given as Gaza, as the conflict between Israel and...
Tankers depicted in the Strait of Hormuz — a strategically important waterway which separates Iran, Oman and the United Arab Emirates. ATTA KENARE | AFP |...
