Economics
UK sanctions four Russian steel and petrochemical tycoons
Britain has sanctioned four Russian steel and petrochemical business owners, including the former head of steel producer Evraz, the government said on Wednesday, its latest measures taken against Moscow over the war in Ukraine.
Leading capital projects in a VUCA environment
A convergence of events has disrupted the construction industry.
Mexico's Pemex reports narrower quarterly loss, growing fuel sales
Mexican state oil company Pemex reported its third quarter net loss narrowed to $2.58 B but said it had suffered from increased sales costs as well as currency exchange losses as the peso weakened against the dollar.
Dr. Sultan Al Jaber calls for maximum energy, minimum emissions in ADIPEC opening address
ADIPEC is taking place against the backdrop of complexities which the world is facing and H.E. Dr. Al Jaber sought the wise counsel of the UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, in deciding whether to dwell on the challenges or focus on the opportunities in his remarks.
Chevron's $11.2 B quarterly profit soars past estimates
Chevron reported its second-highest ever quarterly profit, blasting past analysts' estimates, driven by soaring global demand for its oil and gas and rising production from its U.S. oilfields.
Valero CEO says U.S. energy secretary told shuttered refineries won't restart
Valero Chief Executive Joe Gorder said this week U.S. Energy Secretary Jennifer Granholm was told at a recent White House meeting with energy executives that refineries shuttered in the last few years won't return production.
Valero kicks off U.S. refiners earnings season with bumper profit
Refiner Valero Energy Corp reported a bumper third-quarter profit that zoomed past Wall Street estimates on Tuesday, as margins were boosted by demand for fuel and refined products.
Potential US refined oil product export ban would challenge already constrained global markets and refining systems
A proposed US refined product export ban would save US consumers at the gasoline pump but pose significant challenges and costs to US and global refining systems, according to a recent analysis from Wood Mackenzie.
ADNOC invites banks to pitch for IPO of logistics unit
State oil firm Abu Dhabi National Oil Company (ADNOC) has invited banks to pitch for roles in an initial public offering of its marine services and logistics unit.
Exxon selling Montana oil refinery to Par Pacific for $310 MM
ExxonMobil Corp agreed to sell its Billings, Montana, refinery and related pipeline properties to Par Pacific Holdings Inc for $310 MM.
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