oil and gas

The Latest

  • BP Reports Strong Q3 Profits Amid Biden Warning On 'War Profiteering'
    BP
    The recent earnings report by oil and gas giants has triggered renewed calls for higher taxes.
  • Warren Buffet Increases Stake In Occidental Petroleum By Nearly $1 Billion
    Berkshire Hathaway
    Berkshire Hathaway purchased 18.1 million Occidental Petroleum shares for around $985 million.
  • Shell Defends Its Decision To Buy Discounted Russian Oil
    Shell
    Shell stands to make a profit of around $20 million from its purchase of 725,000 barrels or around 100,000 metric tons of heavily-discounted Russian Urals crude.
  • Goldman Sachs Optimistic For Oil
    Oil
    Concerns continue to be raised about demand in Europe and India. This sent oil prices down by nearly 2% Monday.
  • Exxon Mobil Set To End Five-Quarter Losing Streak
    Exxon
    Exxon Mobil is expected to report a profit for its first quarter this year.
  • Hundreds Flee Owing To To Large Oil Refinery Fire In Indonesia
    Fire
    State-owned oil company Pertamina said a lightning strike may have started the blaze.
  • Rights Groups Calling On Chevron To Halt Payments To Myamar
    Chevron
    Myanmar's military junta seized power from Aung San Suu Kyi's elected government last month.
  • OPEC Agrees To Increase Oil Production Starting January
    OPEC
    OPEC, Russia and Mexico have agreed to relax production cuts starting January despite still-low world demand.
  • Pioneer Natural Resources To Acquire Parsley Energy For $4.5 Billion
    Oil and Gas
    Pioneer Natural Resources has reached a merger agreement with oil and gas producer Parsley Energy.
  • Gas For Less: U.S. Prices Hit Low On Labor Day
    Gas Prices
    Gas prices at several states remained at below $2 per gallon, while the national average dropped to around $2.19 per gallon for regular gas.
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