Archives for 2020
Oxy shores up board with former Schlumberger CEO
Occidental Petroleum added to its board of directors Thursday with the appointment of a former chief executive of Schlumberger as Oxy aims to instill more confidence with shareholders after risking its future to buy Anadarko Petroleum...
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Fuel prices should remain low in 2020: Report
The new year should bring a sixth straight year of affordable fuel prices with the national average for a gallon of regular unleaded hovering at about $2.60 – likely hitting a low in February and...
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Exxon wins U.S. suit over $2 million Ukraine-sanctions fine
Exxon Mobil Corp. won a lawsuit challenging a $2 million fine levied against it by U.S. Treasury Secretary Steven Mnuchin after the company allegedly violated Ukraine-related sanctions with a series oil and gas deals in...
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OPEC output falls as Gulf nations step up delivery of oil cuts
OPEC’s output declined last month as several Persian Gulf producers stepped up their implementation of cutbacks aimed at balancing global oil markets. Source: FuelFix
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Oil steadies amid Middle East tensions, shrinking stockpiles
Oil steadied after posting its biggest annual gain in three years amid elevated tensions in the Middle East and signs that U.S. crude stockpiles fell further. Source: FuelFix
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