Friday, December 27, 2024
Oil falls 1% as Mideast tensions ease, U.S. gasoline stocks weigh- oil and gas 360

Oil falls 1% as Mideast tensions ease, U.S. gasoline stocks weigh

Reuters HOUSTON – Oil prices fell about 1% on Monday as Middle East tensions eased and investors turned their focus to lackluster seasonal demand following a bearish U.S. report last week showing a large gasoline stockbuild. Brent crude LCOc1 was down 64 cents at $64.34 per barrel at 9:59 a.m. CST (1559 GMT), while West Texas Intermediate (WTI) crude CLc1

Democrats call out Marathon Petroleum for 'relentless lobbying against climate action'- oil and gas 360

Democrats call out Marathon Petroleum for ‘relentless lobbying against climate action’

Houston Chronicle WASHINGTON – A trio of Democratic Senators is asking some of Marathon Petroleum’s largest shareholders, including JP Morgan Chase and Blackrock, to warn the Ohio-based refining company that it needs to stop lobbying against climate action. “Marathon is one of the leading forces in Washington opposing efforts to limit carbon pollution and fight climate change, ” reads the letter.