ConocoPhillips agreed to buy Marathon Oil for $17.1 billion on Wednesday in an all-stock transaction, which will increase the company’s assets as the broader oil and gas industry undergoes a major wave of unification.
The Justice Department (DOJ) and Environmental Protection Agency (EPA) announced a settlement that is estimated to be worth $310 million that was mutually agreed upon with railway company Norfolk Southern.
The Biden Administration has announced that it will sell 1 million barrels of gasoline that was being held in case of emergencies in an effort “to keep gas prices low” over the summer, a spokesperson claimed.
On Friday morning, the U.S. Coast Guard was looking into reports of an oil spill off the coast of Huntington Beach, California.
The FAA has recommended that airlines operating Boeing 737-900ER jets inspect door plugs.
Stocks finished lower after upbeat December U.S. retail sales data eroded expectations the Federal Reserve will kick off its rate-cut campaign as early as March.
Tesla CEO Elon Musk says that demonizing oil and gas is not the way to go into the future.
Global equities were higher on Monday in muted trading ahead of the U.S. Thanksgiving holiday later in the week.
Chevron announced that they are buying rival company Hess amid uncertainty in the oil markets.
An internal memo has revealed that the Biden Administration is halting senior administration officials from attending international conferences that promote oil, natural gas and coal.