ExxonMobil makes massive bet amid shakeup
ExxonMobil—the second largest oil and gas company by market cap and fourth largest by revenue—is engaged in a…
Oil Climbs as US Product Stockpiles Drop and Equities Advance
Pumping jacks works in an oil field. Photographer: Martin Divisek/Bloomberg (Bloomberg) — Oil rose after a government report…
Petronas seeking $1 billion for Brazil oil field stake sale, sources say
(Bloomberg) — Malaysia’s Petroliam Nasional Berhad is working with Bank of America Corp. to sell its…
Exxon, ADNOC agree to boost capacity of offshore oil field
(Bloomberg) – The United Arab Emirates and Exxon Mobil Corp. agreed to expand the nation’s oil production capacity. …
Trump energy boss’s company plunging 40% is a warning for US oil production
Energy Secretary Chris Wright says Donald Trump’s administration is giving the “green light” to more US oil production,…
Iraq invites oil firms and regional regulator for Kurdistan crude export resumption talks
An oil refinery in central Iraq. In March 2023, Turkey suspended the flow of about 450,000 barrels of…