News
Marathon Petroleum board, investors are said to discuss CEO
Marathon Petroleum Corp. board members are meeting this week with activist investors to discuss Chief Executive Officer Gary Heminger’s future and the company’s strategy amid calls to split up its businesses, according to people familiar...
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Oil rises for a third day amid low volumes yet concerns linger
Oil rose for a third day in New York amid low trading volumes, recouping most of this week’s earlier losses, yet the outlook remained clouded by concerns over the economy and abundant supplies. Source: FuelFix
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Schlumberger posts $11.4 billion loss amid hefty pretax charges
Schlumberger, the world’s largest oil field service company, beat Wall Street expectations on revenue but got stung by pretax charges that resulted in a multibillion loss for stockholders during the third quarter. Source: FuelFix
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Baker Hughes name change becomes official
A name change for Houston oilfield service company Baker Hughes has become official. Source: FuelFix
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Are Congressional oil sales risking an oil price spike?
Plans to shrink the U.S. Strategic Petroleum Reserve by 40 percent over the next eight years could cause a spike in global energy prices, a top official at the International Energy Agency warned the Senate...
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