Oil Wavers as OPEC+ Mulls Bringing Meeting Forward
Oil futures wavered in Europe, with some cautious trading expected this week while OPEC+ members assess a plan to bring forward the cartel's planned June 9-10 meeting to June 4.
Drivers Take Advantage of Low Gas Prices as States Reopen
Americans are starting to capitalize on low prices at the gas pump as states loosen travel restrictions, a boon for the battered energy industry and a hopeful signal for the U.S. economic recovery.
EPA to Change Some Clean Water Act Rules
The Environmental Protection Agency is setting new rules aimed at speeding up Clean Water Act permit approvals that are often a sticking point for pipelines and other major infrastructure projects.
Venezuela, in Historic Shift, Moves to Scale Back Fuel Subsidy
The regime of Nicolás Maduro, grappling with intense gasoline shortages, said it will privatize service stations, in a significant shift for Venezuelans long accustomed to filling up their cars free of charge.
U.S. Oil-Rig Count Fell by 15 in Latest Week
The number of rigs drilling for oil in the U.S. fell by 15 to 222 in the latest week, according to oil-field services company Baker Hughes.
Occidental Nearly Eliminates Dividend Amid Low Oil Prices
The oil producer, laden with debt following its deal to buy rival Anadarko, plans to pay a quarterly dividend of just 1 cent a share in July as it seeks to conserve cash amid low oil prices and weak demand.
Cost of Shipping Oil Tumbles as Production Cuts Bite
Charter prices for vessels that transport crude oil have dropped 77% from their March peak, which came during a short-lived battle for a greater share of the oil market between Saudi Arabia and Russia.
Renewable Power Seen as Resilient to Coronavirus-Driven Demand Drops
In the UK, the pandemic and lockdown measures have dampened electricity use and led to a proportional increase in the use of cleaner sources
Coronavirus Outbreaks Threaten Oil Majors' Biggest Projects
Oil companies including Chevron, Exxon, Shell and Total are scrambling to cope with coronavirus outbreaks among their workers that could threaten the profitability of some of their largest projects.
Global Glut Keeps a Lid on Natural-Gas Prices
Mild May weather has limited domestic demand, brimming storage facilities abroad have reduced exports and the flow from oil wells hasn't declined by as much as expected.