Oil and gasoline prices are rising now, just in time to become an issue for the 2024 presidential election campaign. The U.S. domestic price for West Texas Intermediate topped $86…
(Reuters) – Warren Buffett-led Berkshire Hathaway has acquired 5.2 million shares of Occidental Petroleum Corp, bringing its stake in the oil company closer to 28%, according to a regulatory filing…
WASHINGTON (Reuters) – The U.S. current account deficit was the smallest in more than two years in the third quarter amid rising petroleum exports, government data showed on Wednesday. The…
By Timothy Gardner WASHINGTON (Reuters) – The U.S. Department of Energy on Friday said it wants to buy up to 3 million barrels of crude oil for the Strategic Petroleum Reserve (SPR)…
PHILADELPHIA – United States Attorney Jacqueline C. Romero announced that Zhenyu (“Bill”) Wang, 42, of Dallas, Texas, and Daniel Ray Lane, 42, of McKinney, Texas, were convicted at trial on…
Zhenyu “Bill” Wang, 42, of Dallas, and Daniel Ray Lane, 42, of McKinney, Texas, were convicted at trial on Nov. 15 on charges of attempting to violate the International Emergency…
By Lewis Jackson SYDNEY (Reuters) – Australia will on Thursday introduce two previously announced tax bills that will raise petroleum tax revenue and legislate the government’s response to a national…
CAMDEN, NJ – A settlement in June 2023 between the New Jersey Attorney General, the Department of Environmental Protection (DEP), and Monk’s Amoco has resolved a 2018 case concerning hazardous…
By Jonathan Stempel (Reuters) – Berkshire Hathaway Inc said on Thursday it had acquired more shares of Occidental Petroleum Corp, boosting its stake in the oil company to 24.4%. In…
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc boosted its ownership stake in Occidental Petroleum Corp to about 23.6% after buying nearly 3.7 million additional shares. Berkshire disclosed…
Producer prices in Canada rose by 0.4% in January from December on higher prices for refined petroleum energy products, as well as primary non-ferrous metal products, Statistics Canada said on…
Back To Petroleum: BP Is Scaling Back Its Green Investments Amid Disappointing Performance John Hugh DeMastri on February 1, 2023 CEO Bernard Looney of British oil giant BP has expressed…
NEW YORK (Reuters) -Demand for U.S. crude and petroleum products rose 178,000 barrels per day (bpd) in November to 20.59 million bpd, the highest since August, the U.S. Energy Information…
Jan 18 (Reuters) – Producer prices in Canada fell by 1.1% in December from November on lower prices for refined petroleum energy products, as well as softwood lumber, Statistics Canada…
By John Kemp LONDON (Reuters) – Rallying oil prices ran out of steam just before the end of the year as investors turned cautious after two weeks of heavy petroleum…
HOUSTON (Reuters) – Refiner Citgo Petroleum is on track for a $2.5 billion profit this year, which it plans to use for repaying debt and invest in the reliability of…
Biden Boasts About ‘Largest Ever Release’ From Strategic Petroleum Reserve Harold Hutchison on November 29, 2022 President Joe Biden boasted during a Tuesday speech about ordering releases from the Strategic…
Nov 18 (Reuters) – Producer prices in Canada rose by 2.4% in October from September on higher prices for refined petroleum energy products, Statistics Canada said on Friday. The depreciating…
By Gary McWilliams HOUSTON (Reuters) – Stephen Chazen, who rose to the top of Occidental Petroleum during a lengthy career and after his retirement started and ran a Texas shale-oil…
By Marianna Parraga and Sudarshan Varadhan HOUSTON/CHENNAI, India (Reuters) – Maroil Trading, owned by shipping tycoon Wilmer Ruperti, has taken over sales of almost all Venezuela’s exports of petroleum coke,…
(Reuters) – Canadian factory sales fell 0.9% in July from June, mainly due to decreases in primary metal industries and petroleum and coal products, Statistics Canada said on Wednesday. It…
By Jonathan Stempel August 8 – Warren Buffett’s Berkshire Hathaway Inc bought more shares of Occidental Petroleum Corp, surpassing the 20% stake where it could record some of the oil…
‘Major Problems Down The Road’: Biden Drains Petroleum Reserves Of Crucial Type Of Crude Jack McEvoy on August 2, 2022 President Joe Biden’s Department of Energy (DOE) is emptying the…
NEW ORLEANS, LOUISIANA – United States Attorney Duane A. Evans and Jonathan Kanter, Assistant Attorney General for the Antitrust Division of the Department of Justice, announced that JOHNNY C. GUILLORY,…
(Reuters) – Top proxy adviser Institutional Shareholder Services recommended Occidental Petroleum Corp investors vote in favor of a shareholder proposal calling for the energy company to set and publish emissions…