Exxon, Chevron results augur tough year ahead, shares drop 3.5%

HOUSTON (Reuters) – Weaker crude oil and gas prices drove quarterly results sharply lower at Exxon Mobil Corp and Chevron Corp, pushing down shares at the two largest U.S.... Read more »

U.S. rolls back standards on energy saving light bulbs

FILE PHOTO: Illustration picture of the filament of an incandescent light bulb shot August 7, 2017. REUTERS/Denis Balibouse/Illustration WASHINGTON (Reuters) – The Trump administration on Friday said it has... Read more »

U.S. rolls back Obama-era standards on energy saving light bulbs

WASHINGTON (Reuters) – The Trump administration on Friday said it has finalized a decision to roll back an Obama-era rule to phase out incandescent light bulbs, saying that requirements... Read more »

U.S. energy secretary denies report about plan to resign

U.S. Secretary of Energy Rick Perry and Lithuanian Minister of Energy Zygimantas Vaiciunas attend a news conference after the partnership for Transatlantic energy cooperation conference in Vilnius, Lithuania October... Read more »

Neptune Energy to be ready for IPO by April 2020: CFO

OSLO (Reuters) – Private-equity backed oil and gas firm Neptune Energy plans to be ready for an initial public offering by April next year, Chief Financial Officer Armand Lumens... Read more »

Saudi Arabia names Prince Abdulaziz as new energy minister: state media

DUBAI (Reuters) – Saudi Arabia has named Prince Abdulaziz bin Salman as the kingdom’s new energy minister replacing Khalid al-Falih, state news agency SPA reported on Sunday, citing a... Read more »

Storm Barry cuts half U.S. Gulf Coast oil output, flooding fears close coastal refinery

HOUSTON (Reuters) – An intensifying tropical storm in the U.S. Gulf of Mexico on Thursday cut more than half the region’s oil output, with energy companies evacuating staff from... Read more »

Trafigura’s Puma Energy hires BAML for asset sale: sources

LONDON (Reuters) – Puma Energy, the retail and storage arm of commodities trader Trafigura, has hired Bank of America Merrill Lynch (BAML) to run the sale of some of... Read more »

Rocket hits site of foreign oil firms in Iraq’s Basra, three hurt

BASRA, Iraq (Reuters) – A rocket struck the site of the residential and operations headquarters of several global major oil companies, including U.S. giant ExxonMobil, near Iraq’s southern city... Read more »

Russia’s May oil output hits 11-month low on dirty oil crisis

MOSCOW (Reuters) – Russian oil output fell to 11.11 million barrels per day (bpd) in May, its lowest level since June 2018, from 11.23 million bpd in April, Energy... Read more »