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 »

Trump’s Mexican tariffs could hit U.S. refiners, add to fuel costs

HOUSTON (Reuters) – U.S. President Donald Trump’s threats to tax Mexican imports could disrupt a long-standing cross-border energy trade, hitting U.S. consumers and refiners that use Mexican oil by... Read more »

Husky Energy cuts five-year budget, raises cash flow target

(Reuters) – Husky Energy Inc on Tuesday nearly doubled its free cash flow target over five years and cut its capital spending at a time when investors have been... Read more »

Asian renewable investment to overtake upstream oil and gas spending in 2020: Rystad

An animal farm covered with silicon solar panels is seen in Hohhot, Inner Mongolia autonomous region, China September 2, 2017. REUTERS/Muyu Xu SINGAPORE (Reuters) – Renewable energy investment in... Read more »

Heavy rains limit operations at Oklahoma refinery, oil pipeline

(Reuters) – Heavy rains and storms slamming the central United States forced the closure of a HollyFrontier Corp refinery in Oklahoma and a portion of Tallgrass Energy LP’s crude... Read more »

Texas environmentalists plan lawsuit against Valero for pollution

HOUSTON (Reuters) – Three Texas environmental groups notified Valero Energy Corp on Wednesday of plans to file a lawsuit under the U.S. Clean Air Act for pollution at the... Read more »

Exploration at Kekra-1 well off Pakistan ends: OGDC spokesman

KARACHI, Pakistan (Reuters) – The consortium exploring the Kekra-1 well off the coast of Pakistan is ending drilling operations after no reserves of oil and gas were found, a... Read more »

China buys a lot of Iranian oil, and it’s not happy at all with US sanctions

Beijing on Monday slammed the Trump administration’s announcement that it would stop exempting several countries from its sanctions on buying oil from Iran. China is one of the world’s... Read more »