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AUSTIN: United States shale output is rising again just as a resurgence in Covid cases eats away at driving demand, a sign that the delta variant is undercutting a rally in the world’s biggest oil consumer.
NEW YORK: Oil prices edged higher on Friday, with global benchmark Brent posting a fourth monthly gain, with demand growing faster than supply and vaccinations expected to alleviate the impact of a resurgence in COVID-19 infections across the world.
NEW YORK: Chevron Corp on Friday reported its highest profit in six quarters and joined an oil industry stampede to reward investors with share buybacks, as rebounding crude oil prices carried earnings and cash flow to pre-pandemic levels
MEXICO CITY (Reuters) - Mexico's methane leak rate from oil and gas operations is twice as high as that of the world's top oil producer, the United States, a group of researchers found in a report due to be released this week.
NEW YORK: Chevron Corp is looking to sell two collections of conventional oil and gas fields in the Permian Basin valued at more than US$1bil (RM4.15bil) combined, three sources told Reuters.
NEW YORK: Oil prices were little changed on Thursday as a falling dollar and rising stock markets offset earlier declines caused by a big increase in U.S. gasoline stockpiles and subdued demand compared with pre-pandemic levels.
HOUSTON: Private-equity firms that bet big on shale for more than a decade finally are seeing glimmers of hope that their investments will bear fruit.
HEDGE funds purchased more petroleum last week, but buying was almost entirely concentrated in West Texas Intermediate (WTI), which suggests it was driven by the prospect of freezing weather temporarily hitting US oil production.
LONDON: Oil prices soared to their highest in about 13 months on Monday as vaccine rollouts promised to revive demand and producers kept supply reined in.
BUENOS AIRES: Argentina's 'Dead Cow' is roaring back to life.