September 24, 2024

BREAKING NEWS: FTC to greenlight Chevron’s $53 billion Hess acquisition amid ExxonMobil arbitration

September 24, 2024

(World Oil) – The U.S. Federal Trade Commission is expected to greenlight Chevron Corp.’s $53 billion deal to buy Hess Corp., according to Reuters. The FTC could announce the decision as soon as this week, Reuters reported, citing people familiar with the matter. Chevron would still need to win an arbitration case filed by Exxon Mobil Corp. in order to close

Energy policy behind EU falling behind- Draghi - oil and gas 360

Energy policy behind the EU falling behind- Draghi

September 24, 2024

(Oil & Gas 360) – Energy policy was cited as a significant reason for the growing gap in global competitiveness between the European Union (EU) and its rivals China and the United States in a 400-page report to the EU released earlier this month. The report was submitted by Mario Draghi, who was prominent in the EU for nearly

Goldman sees upside for oil prices maid supply concerns- oil and gas 360

Goldman sees upside for oil prices amid supply concerns

September 24, 2024

(Oil Price) – Goldman Sachs expects Brent crude oil prices to see some upside in the fourth quarter, potentially reaching $77 per barrel. The bank’s outlook is driven by several key factors, including a recent interest rate cut by the Federal Reserve and strong U.S. economic data. Additionally, Hurricane Helene’s formation reminds markets that hurricanes still have the power to disrupt

The U.S. Is the world’s top gasoline exporter

September 24, 2024

(Oil Price) – The United States is exporting gasoline more than any other nation in the world, supplying more than 16% of all exports of the fuel globally, the U.S. Energy Information Administration (EIA) said in an analysis on Tuesday. Last year, U.S. motor gasoline exports (finished gasoline plus gasoline blending components) averaged 900,000 barrels per day (bpd). This is equivalent to

Oil firms evacuating US Gulf of Mexico staff as major hurricane looms

September 24, 2024

(BOE Report) – U.S. oil producers were scrambling on Monday to evacuate staff from Gulf of Mexico oil production platforms as the second major hurricane in two weeks was predicted to tear through offshore oil producing fields. The U.S. National Hurricane Center said a potential Tropical Cyclone in the Caribbean was expected to rapidly intensify over the gulf’s warm waters

U.S. and Canada to discuss claims over oil-rich arctic seabed

September 24, 2024

(Oil Price) – The United States and Canada are expected to announce they have agreed to begin negotiations over overlapping territorial claims in the Arctic, an area that has drawn increased interest from China and Russia, Bloomberg reported on Tuesday, citing an anonymous source with knowledge of the matter. The United States and Canada are disputing the Arctic seabed in

BREAKING NEWS: FTC to greenlight Chevron’s $53 billion Hess acquisition amid ExxonMobil arbitration

Energy policy behind the EU falling behind- Draghi

Goldman sees upside for oil prices amid supply concerns

The U.S. Is the world’s top gasoline exporter

Oil firms evacuating US Gulf of Mexico staff as major hurricane looms

U.S. and Canada to discuss claims over oil-rich arctic seabed

Premium Content