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Exxon, Chevron preach prudence even as cash waterfall returns

Monday, May 3, 2021, 6:26 AM MDT

Exxon Mobil Corp. and Chevron Corp. added momentum to a nascent recovery in the U.S. oil industry as they reported…

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Chesapeake seeks to sell south Texas shale assets for $2 billion

Friday, April 30, 2021, 6:46 AM MDT

Chesapeake Energy Corp., the once mighty shale explorer that exited bankruptcy earlier this year, is seeking to sell oil-producing assets…

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Exxon rebounds to first profit since 2019 on crude surge

Friday, April 30, 2021, 6:35 AM MDT

Exxon Mobil Corp. snapped a record streak of losses as rising oil and natural gas prices bolstered one of the…

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Oil drops with recent global markets rally taking a breather

Friday, April 30, 2021, 6:25 AM MDT

Futures in New York dropped 1.1 per cent on Friday as raw materials cooled from a scorching rally, while the…

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Shell pays down debt as profit surges by more than expected

Thursday, April 29, 2021, 6:31 AM MDT

Royal Dutch Shell plc took the opportunity to pay down its heavy debt burden as profit surged by more than…

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Oil rises from 6-week high with demand optimism spurring gains

Thursday, April 29, 2021, 6:27 AM MDT

Oil extended gains after closing at a six-week high as signs of strengthening demand in key markets offset concerns a…

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Saudis in talks to sell Aramco stake to global energy firm

Wednesday, April 28, 2021, 6:37 AM MDT

Saudi Arabia’s crown prince said the kingdom is in talks to sell a one per cent stake in state oil…

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U.S. Senate to start undoing Trump’s methane rules

Wednesday, April 28, 2021, 6:32 AM MDT

U.S. Senate Democrats will begin using a special procedure to undo parts of Donald Trump’s regulatory agenda Wednesday, starting by…

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Oil gains a second day with OPEC+ signaling confidence in demand

Wednesday, April 28, 2021, 6:18 AM MDT

Oil rose after OPEC+ confirmed it would proceed with its plan to add more barrels to the market, despite a…

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COVID outbreak grips oilsands

Wednesday, April 28, 2021, 6:14 AM MDT

In the U.S., COVID-19 infections are shrinking by the day. In France, officials are preparing to ease lockdown restrictions and…

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Tanker spills oil into sea off China’s key refining port

Tuesday, April 27, 2021, 6:56 AM MDT

A Liberia-flagged tanker has spilled oil into the Yellow Sea, causing potential environmental damage and disruption off China’s largest crude-receiving…

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Oil gains with OPEC+ and BP seeing a strong demand recovery

Tuesday, April 27, 2021, 6:42 AM MDT

Oil climbed amid signs for demand is improving, even as Covid-19 flare-ups in India and other nations dragged on the…

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