Chevron Corp (CVX) continues to work with the U.S. government to comply with sanctions on Venezuelan crude oil exports, Chief Executive Michael Wirth said on Wednesday, days after winning a new license to expand its operations in the country. U.S. President Joe Biden's administration last week authorized Chevron (CVX) to boost oil output and expand operations in Venezuela.
U.S. natural gas futures slipped on Wednesday as forecasts for less cold weather
than previously feared lowered demand expectations for heating, while robust production levels further weighed
on the ...
Owners of the Transalpine Pipeline shipping crude from the Mediterranean to central Europe approved a plan on Wednesday to upgrade the link, which is key for the Czech Republic to wean itself off Russian oil, the Czech Finance Ministry said.
U.S. natural gas futures slipped more than 1% in choppy trading on Wednesday on
forecasts for slightly less cold weather than previously expected and strong production levels.
Front-month gas ...
-Oil prices settled up by over $2 per barrel on Wednesday on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery. Capping gains, the OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change, a source with direct knowledge of the matter told Reuters on Wednesday.
U.S. natural gas futures edged up about 1% to near a one-week high on Tuesday on
forecasts for cooler weather through mid-December than previously expected.
Cargill Inc has agreed to acquire soybean processor and refiner Owensboro Grain Company in a deal that would expand its oilseed crush capacity to meet rising demand for food, feed and biofuel, the agricultural commodities trader said on Monday. The purchase includes a soybean processing plant and oil refinery on the lower Ohio River in Owensboro, Kentucky.
Commodities firm Hartree Partners has hired David Leiber as senior crude oil trader. Leiber, who previously worked at Gibson Energy (GBNXF) as vice president of supply and trading, will report to Robert Goldsworthy. Hartree Partners is a global energy and commodities firm privately held by its management and Oaktree Capital Management LP.
U.S. natural gas futures slid on the expiration day of the December contract on
Monday, as forecasts for demand dropped and production rose to near all-time highs.
- Global oil benchmarks pulled back from their lowest levels in nearly a year on Monday, with U.S. crude ending positive, bolstered by talk of an OPEC+ production cut that offset concerns about strict COVID-19 curbs in China, the world's biggest crude importer. Price action was volatile.
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