U.S. oil giant Exxon Mobil sues activist investors to prevent climate proposals
It is thought a court victory for Exxon Mobil could have a chilling impact on future shareholder petitions.
BP appoints Murray Auchincloss as permanent CEO
His appointment comes roughly four months after his predecessor Bernard Looney resigned after less than four years in the post.
Red Sea risk to oil ‘very real,’ prices could change rapidly if supply disrupted, Chevron CEO says
“It’s a very serious situation and seems to be getting worse,” Chevron CEO Michael Wirth said of the crisis in the Red Sea.
Tanker companies temporarily halt traffic toward Red Sea after U.S. airstrikes on Houthis militants
Hafnia, Torm and Stena Bulk confirmed that they halted traffic toward the Red Sea after airstrikes on Houthi militants in Yemen.
Oil prices jump more than 2% as U.S., Britain strike Iran-backed Houthis
Oil prices rose after U.S. and its allies carried out military strikes against targets in Houthi-controlled areas of Yemen, U.S. officials said.
Oil falls more than 4% as Saudi price cut heightens global demand worries
The selloff comes after Saudi Aramco on Sunday sharply cut the price of Arab Light Crude to Asian customers by $2 per barrel.
Oil prices could spike 20%, possibly double if Middle East conflict disrupts Strait of Hormuz
Tensions in the Middle East are escalating and the oil market has not adequately priced in the risk of contagion, according to top analysts.
These 3 energy stocks offer the most upside in oil sector this year, Bank of America says
Analyst Doug Leggate recommends defensive stocks with big oil poised to demonstrate some of the greatest value this year.
Oil is the ‘most investable space’ in the economy with prices set to spike on Fed cuts, analyst says
“I don’t care how bearish you get on fundamentals this year — if you see the Fed cut you don’t want to be short commodities,” said Goldman alumnus Jeff Currie.