Phillips 66 to Cut Nearly 300 Jobs as LA Refinery Shuts
Phillips 66 will lay off around half of its employees at its sole remaining oil refinery in California after shuttering operations.
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WTI, Brent Gain as Talks Ease Conflict Fears
Markets balanced geopolitical tension with signs of steady global oil demand.
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Shell to Pause Kazakh Oil and Gas Investments
Shell will pause investment in Kazakhstan as it navigates legal claims from the OPEC+ nation against oil majors that could stretch into the billions of dollars, Chief Executive Officer Wael Sawan said.
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Saudis Cut Key Oil Price for Asian Buyers
Saudi Arabia cut the price of its main oil grade for buyers in Asia to the lowest in years.
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BP, KOC Sign ETSA Extension
The agreement 'paves the way for both companies to collaboratively progress Kuwait's most strategic asset fields'.
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IPAA Promotes Naatz to Chief Policy Officer
The Independent Petroleum Association of America announced that Dan Naatz has been promoted to Executive Vice President and Chief Policy Officer.
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Tankers With Russian Oil Flock to East Asia
More than a dozen tankers loaded with Russian Urals oil are sailing toward Asia or idling along the route.
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Energy Complex Not Immune to Broad Commodities Sell-Off
The energy complex was not immune to the broad sell-off in commodities over the past week, Standard Chartered Bank Energy Research Head Emily Ashford said.
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Tankers Speed Through Hormuz Chokepoint
Very Large Crude Carriers are traveling around the narrow, congested waterway - through which about a quarter of the world's seaborne oil trade travels - at as much as 17 knots, ship-tracking data show.
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Oil Settles Lower as Iran-US Talks Ease Risk
Oil prices closed lower as Iran confirmed talks with the US, easing near-term supply risks.