Exxon-Hess arbitration panel nears formation, sources say
By Sabrina Valle HOUSTON (Reuters) – The final member has been chosen for a three-person arbitration panel meant to settle Exxon Mobil (NYSE:XOM)’s claim against Chevron (NYSE:CVX)’s $53 billion purchase…
UBS: Global gas prices to rise amid tightening supply
Investing.com – According to a research note released on Monday, UBS analysts suggest that global gas prices are set to rise, driven by tightening supply and demand fundamentals. Analysts have…
US dollar inches lower as dovish Powell comments offset upbeat jobs data
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar slipped on Tuesday in thin, choppy trading after Federal Reserve Chair Jerome Powell struck a moderately dovish tone in his comments, suggesting…
Oil prices ease from two-month highs to settle lower despite summer demand hopes
Investing.com– Oil prices settled lower Tuesday, after easing from two-month highs, despite expectation forΒ increased demand during the Independence Day holiday and potential supply risks from geopolitics and weather-related disruptions.Β At…
US says it’s still open to talks with Venezuela after Maduro announces meeting
By Daphne Psaledakis and Matt Spetalnick WASHINGTON (Reuters) – The Biden administration remains open to dialogue with the Venezuelan government, U.S. officials said on Tuesday after President Nicolas Maduro said…
Crude falls as Hurricane Beryl fears fade
By Erwin Seba HOUSTON (Reuters) -U.S. West Texas Intermediate (WTI) crude gave up most of its gains from earlier in the day as the forecast track for Hurricane Beryl continued…
Crude turns negative as hurricane fears fade
By Erwin Seba HOUSTON (Reuters) -U.S. West Texas Intermediate (WTI) crude gave up most of its gains from earlier in the day as the forecast track for Hurricane Beryl continued…
Exclusive-Icahn-owned oil refiner CVR bidding in Citgo share auction, sources say
By Gary McWilliams and Marianna Parraga HOUSTON (Reuters) – Oil refiner CVR Energy (NYSE:CVI), controlled by billionaire investor Carl Icahn, has submitted a binding offer in an ongoing auction of…
U.S. oil pares gains as storm forecast spares offshore oil patch
By Erwin Seba HOUSTON (Reuters) -U.S. West Texas Intermediate (WTI) crude gave up most of its gains from earlier in the day as the forecast track for Hurricane Beryl continued…
US dollar dips as Fed’s Powell’s dovish comments offset upbeat jobs data
By Gertrude Chavez-Dreyfuss and Stefano Rebaudo NEW YORK/MILAN (Reuters) -The dollar slipped on Tuesday in choppy trading after Federal Chair Jerome Powell struck a slightly dovish tone in his comments,…
