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...In a global energy strategy report sent to clients this week, the US investment bank said efforts to reduce the use of coal, oil and gas had been set back by higher interest rates, inflation and wars in...
...ExxonMobil’s chief financial officer said the US oil major was closely watching the “pretty troubling” geopolitical events in the Middle East and Russia as the company reported first-quarter profits that...
...Even so, the resilience of gasoline, which usually rises during the US summer driving season, has surprised analysts....
...Investors said the two biggest US oil companies would continue to generate significant cash flow despite the dip in first-quarter earnings, citing surging demand for energy in the US and elsewhere....
...Markets generally obsess over the direction of crude oil’s price. Yet the value of the black stuff only really reveals itself in the refining process. Few of us can do much with a barrel of crude....
...Phillips 66 was formed in 2012 through a spin-off of oil producer ConocoPhillips’ downstream assets. It is one of the biggest western refining companies, with 12 plants spread across the US and Europe....
...on the price of oil, which is trading at about $88 a barrel....
...Shell has struck a deal to sell its stake in a German refinery co-owned with Russia’s Rosneft as it continues to cut ties with Moscow and reshape its refining portfolio....
...The revision comes after the company pledged to devote a higher proportion of spending to oil and gas last year, and other oil groups such as BP have slowed their retreat from oil....
...Attorney-general Tarek William Saab on Tuesday said El Aissami and his co-conspirators were involved in an illegal scheme to directly manage shipments of crude in avoidance of US sanctions, without sending...
...Shell’s oil division also performed well, generating profits of $3bn underpinned by higher production than the previous quarter, but its refining operations suffered....
...That compares with the average of 100,000 a day that were offline because of maintenance work in December, and is about a tenth of the US’s total refining capacity of about 10mn barrels a day....
...Sarasin and its co-filers assert that Equinor must move more quickly away from oil and gas, to protect shareholder value in the face of an accelerating energy transition....
...It’s something many companies are buying from us now.”...
...Nissan and Honda began talks in January, and the scope of their co-operation includes software, core EV components and auto-intelligence technology....
...Oil trader Vitol agreed to pay more than $160mn to authorities in the US and Brazil in 2020 for bribery in Brazil, Ecuador and Mexico. Additional reporting by Michael Pooler...
...Tarek William Saab, Venezuela’s attorney-general, said on Tuesday that El Aissami and his co-conspirators were involved in a scheme to directly manage shipments of crude as a way of avoiding US sanctions...
...The terminal’s refining capacity is about 8mn tonnes of oil a year, roughly half the total output at the plant....
...Much of his firepower derives from a humble source: a small oil refining and nitrogen fertiliser company in the US heartland....
...The US is littered with more than 100,000 abandoned oil and gas wells, many of which leak toxic chemicals....
...executive, has been engaged in a multiyear stand-off with lenders over a loan default that has already cost him his luxury Aspen ranch, his yacht and his shares in Tellurian, the floundering LNG developer he co-founded...
...The company is developing a production unit with TotalEnergies in Texas, which stands to benefit from subsidies in the US’s Inflation Reduction Act....
...The disclosures relate to its oil production and refining operations there, where the company can trace its history back more than 140 years....
...Scientists are now refining chemical fingerprinting techniques to gauge which PFAS chemicals come from which source....
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