West Virginia Senator Joe Manchin stands alone among his fellow Democrats, recognizing the long-term economic damage Biden’s $3.5T liberal wish list would inflict on America’s ability to meet its own energy needs, and compete in the global economic arena. SourceContinue Reading
Abu Dhabi National Oil Co. is seeking to raise about $750 million from its drilling unit’s IPO, in what would rank among one of the largest share sales in the United Arab Emirates. SourceContinue Reading
The latest data from the group indicate that the world will continue to face an oil supply deficit in the coming months even as its members revive idle production. SourceContinue Reading
West Virginia Senator Joe Manchin (D), who commands a linchpin vote in the Senate, is at the center of a lobbying crossfire over President Joe Biden’s $3.5 trillion economic package, with the energy industry and environmental advocates both vying for his support. SourceContinue Reading
Oil climbed above $70 a barrel in New York after three weeks of gains as investors tracked the slow restoration of supplies in the Gulf of Mexico and the outlook for demand and inventories over the fourth quarter. SourceContinue Reading
Phillips 66 may idle a New Orleans-area refinery that suffered so much damage during Hurricane Ida that repairs may be too costly, according to people familiar with the operation. SourceContinue Reading
Royal Dutch Shell is gearing up to restart oil pipelines off the U.S. Gulf Coast, potentially moving the region’s top driller one step closer to restoring some production shut by Hurricane Ida. SourceContinue Reading
Phillips 66 may idle a New Orleans-area refinery that suffered so much damage during Hurricane Ida that repairs may be too costly, according to people familiar with the operation. SourceContinue Reading
Amid rising shareholder pressure on climate issues, Chevron is proactively forging climate-friendly joint ventures with an array of startups as well as corporate giants that include Caterpillar Inc., and Alphabet Inc.’s Google. SourceContinue Reading
Libya’s oil production is in danger of slumping again, as a political power struggle threatens to end a period of relative stability. SourceContinue Reading
