Chevron is waiting for Venezuelan oil shipments, but PDVSA wants payments

HOUSTON, Nov 28 (Reuters) – Chevron Corp (CVX.N) is aiming to receive shipments of Venezuelan oil as early as December, after the oil company received a US license to do so last week, but Caracas may not be so excited as US sanctions limit payments, people familiar with the matter said. The United States on … Read more

EU fails to reach agreement on Russian oil price cap, diplomats say

BRUSSELS, Nov 28 (Reuters) – European Union governments failed to agree on a price cap for Russian crude oil by sea on Monday, as Poland insisted the cap should be set lower than proposed by the G7 to boost Moscow’s ability to deliver its to finance invasion of Ukraine, diplomats said. “There is no deal. … Read more

Oil flows on Druzhba pipeline suspended in parts of Eastern Europe

BUDAPEST/PRAGUE, Nov 15 (Reuters) – Oil supplies to parts of eastern and central Europe via part of the Druzhba pipeline have been temporarily halted, according to oil pipeline operators in Hungary and Slovakia. The extent of the disturbance was not immediately clear and it coincided with an explosion in a village in eastern Poland near … Read more

Gaming Google: Oil companies use search ads to greenwash, research says

Oil giants spent $24 million on Google search ads in two years Google promised not to monetize climate disinformation Research says many ads on Google are distorting facts about climate change LOS ANGELES, Nov. 3 (Thomson Reuters Foundation) — Google is selling valuable digital real estate to oil companies that they use to downplay their … Read more

Exxon’s Record Third Quarter Earnings Nearly Match Apple’s

Oil company beats Wall Street forecast with $19.7 billion profit Exxon’s fossil fuel bets eclipse rivals Shell, TotalEnergies Company projects flat oil production this year on losses in Russia HOUSTON, Oct. 28 (Reuters) – Exxon Mobil Corp (XOM.N) surpassed expectations on Friday as rising energy prices fueled a record-breaking quarterly profit, nearly equal to that … Read more

Oil giants’ huge profits are reviving calls for windfalls

Sector lifted by higher oil and gas prices Four of the top five global oil companies have now reported US President Biden criticizes energy companies Oct 28 (Reuters) – Global energy giants including Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) posted another round of massive quarterly gains, benefiting from rising natural gas and fuel … Read more

Russia’s Sechin says Taiwan will return to China ‘on schedule’

Sechin: China gets Taiwan on time Sechin praises Saudi Arabia Sechin calls BP a ‘shadow’ shareholder BP: Continue to strive for exit BAKU, Oct. 27 (Reuters) – Igor Sechin, chief executive of Russian oil giant Rosneft (ROSN.MM) and one of Vladimir Putin’s closest allies, praised Chinese leaders on Thursday and said Taiwan would return to … Read more

Wall Street ends higher on hopes of less aggressive Fed growth

Some Fed officials show desire to slow gains -WSJ Twitter, Meta fall after Snap’s ad warning AmEx, Verizon Communications fall after profit Dow up 2.47%, S&P 500 up 2.37%, Nasdaq up 2.31% NEW YORK, Oct. 21 (Reuters) – US stocks rose to close out the trading week on Friday after a report said the US … Read more

EXCLUSIVE Schlumberger faces backlash from workers in Russia over design collaboration

Oct 14 (Reuters) – Some of Schlumberger’s (SLB.N) oilfield service firm, more than 9,000 Russian employees, have begun receiving military draft announcements through work, and the company is not authorizing remote employment to escape mobilization , according to people familiar with the case and internal documents. Schlumberger’s cooperation with authorities by delivering military calls and … Read more

Druzhba Pipeline Leak Reduces Russian Oil Flows To Germany

WARSAW, Oct. 12 (Reuters) – Germany said on Wednesday it received less oil but still had adequate supplies after Poland found a leak in the Druzhba pipeline that supplies crude oil from Russia to Europe, which Warsaw said was probably was caused by accident rather than sabotage. The discovery of the leak in the main … Read more