Exxon Mobil will brief Wall Street on Wednesday on its future spending plans, with investors looking for how it will balance oil and low-carbon initiatives without compromising shareholder returns.
Private equity firm Cresta Fund Management closed on the acquisition of a controlling stake in idled Canadian 135,000-barrel-per-day (bpd) Come-by-Chance refinery, renaming it Braya Renewable Fuels, the companies said on Tuesday.
A U.S. national security review has delayed the sale of Royal Dutch Shell's controlling interest in a Texas refinery to Mexico's national oil company, Petroleos Mexicanos (Pemex), Shell said on Tuesday.
CNOOC Ltd , a listed branch of China National Offshore Oil Corp (CNOOC)(SASACY.UL), said on Monday it had started production at the second phase of its Buzzard project in Britain.
Morgan Stanley on Monday cut its first quarter 2022 Brent crude price forecast to $82.50 per barrel from $95 on market expectations that the Omicron coronavirus variant could turn into a major headwind for oil demand.