California Win in Bid to Curb Oil Profits
Governor Gavin Newsom struck a deal Monday with legislative leaders on a proposal to limit how much profit oil companies can make in California.
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Russia Becomes China's Biggest Oil Supplier
Russia surpassed Saudi Arabia as China's biggest oil supplier with refiners taking advantage of cheap barrels.
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Venezuela's Oil Minister Resigns
Venezuela's Tareck el Aissami resigned as the nation's oil minister.
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Chevron Asks Venezuela to Dredge Lake to Double Its Oil Exports
Chevron Corp. is urging Venezuela to clean up Lake Maracaibo in the hope of almost doubling the amount of oil that can be loaded on its ships.
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Oil Near 2021 Lows as Banking Crisis Boosts Recession Fears
Oil hovered around 15-month lows as a favored spread for hedge funds to trade plunged with banking turmoil shaking confidence across markets.
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G-7 Unlikely To Revise Russian Price Cap This Week
Group of Seven nations are unlikely to revise a price cap on Russian oil this week, despite initial evidence that crude is selling well below the current $60 threshold.
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Canada Faces $15 Billion Loss on Oil Pipeline
Canadian taxpayers may end up taking a loss of C$20 billion (nearly $15 billion) on the government-owned Trans Mountain Pipeline.
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Shell Closes the Sale of Baram Delta Assets to PSEP
Shell's Malaysian unit has completed the divestment of its stake in two Baram Delta offshore PSCs to PSEP.
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Neptune Supports European Economies with $4.8B
Neptune Energy has contributed $4.8 billion of support for European economies with its activities.
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Commodities Remain Under Pressure
Many commodities remained under pressure in the wake of UBS Group AG's emergency purchase of Credit Suisse Group AG.