Sunday, February 23, 2025
Exxon, Guyana head toward uncertain future- oil and gas 360

Exxon, Guyana head toward uncertain future

Houston Chronicle GEORGETOWN, Guyana — They are the odd couple of the global oil patch: Guyana is a poor former British sugar colony. Exxon Mobil is America’s largest oil company. They came to depend on each other after a series of extraordinary oil discoveries off Guyana’s coast transformed the small South American country’s fortunes and boosted the oil company’s assets

Oil falls back as Russia rejects Trump's intervention in price war-oil and gas 360

Oil falls back as Russia rejects Trump’s intervention in price war

Reuters LONDON – Oil prices fell on Friday after rising 10% in the session as the coronavirus epidemic knocked the outlook for demand and Moscow rejected an intervention by U.S. President Donald Trump in Russia’s price war with Saudi Arabia. Brent crude futures LCOc1 were down 32 cents, or 1.1%, at $28.15 a barrel by 1331 GMT. Brent is on