Sam Edwards | Getty Images The ex-husband of a former BP mergers and acquisitions manager was sentenced to two years in federal prison for insider trading that netted him $1.76 million after he eavesdropped on her work calls about the oil giant buying another company. The ex-husband, Tyler Loudon, also was sentenced to one year … Read more
An oil pumpjack is pictured in the Permian Basin in the Loco Hills regions, New Mexico, on April 6, 2023. Liz Hampton | Reuters Crude oil futures fell for a third session Wednesday, extending this week’s losing streak as prices soften ahead of a crucial OPEC meeting in June. U.S. crude oil and global benchmark … Read more
US President Joe Biden delivers remarks on efforts to lower high gas prices in the South Court Auditorium at Eisenhower Executive Office Building June 22, 2022 in Washington, DC. Jim Watson | AFP | Getty Images The Biden administration will release 1 million barrels of gasoline from reserves held in the Northeast to reduce prices … Read more
Republican presidential candidate and former president Donald Trump shakes hands with North Dakota Gov. Doug Burgum and Vivek Ramaswamy, left, at a campaign rally at the The Margate Resort in Laconia, NH on Monday, January 22, 2024. Jabin Botsford | The Washington Post | Getty Images If former President Donald Trump taps North Dakota Gov. … Read more
A Shell gas station on May 03, 2024 in Austin, Texas. Brandon Bell | Getty Images Crude oil futures fell more than 1% on Tuesday in the absence of major market catalysts to support prices. U.S. crude oil and global benchmark Brent have traded in a $3 range this month since selling off from April … Read more
ExxonMobil CEO Darren Woods speaks during the APEC CEO Summit at Moscone West on November 15, 2023 in San Francisco, California. Justin Sullivan | Getty Images Exxon Mobil‘s months-long battle with two environmentally focused activist investors has cost the company the support of the California Public Employees Retirement System. CalPERS, the $484 billion pension fund … Read more
Iranian President Ebrahim Raisi looks on during a TV interview, in Tehran, Iran May 7, 2024. Iran’s Presidency | WANA | Via Reuters Crude oil futures were little changed Monday after Iran’s president and foreign minister died in a helicopter crash. President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian perished in the crash in Iran’s … Read more
The sun sets behind a pumpjack during a gusty night on March 24, 2024 in Fort Stockton, Texas. Brandon Bell | Getty Images Oil prices held firm Thursday as stockpiles in the U.S. fell for a second week and inflation eased. U.S. crude stockpiles declined by 2.5 million barrels last week as refiners processed more … Read more
Aerial view of a ship at sea. Suriyapong Thongsawang | Moment | Getty Images U.S. crude oil held firm on Wednesday after domestic stockpiles declined more than expected. In the U.S., commercial crude oil inventories, which exclude the strategic petroleum reserve, fell by 2.5 million barrels last week, according to data released by the Energy … Read more
ENSCO-72 drilling rig working in Poole Bay for Corallian Energy in Poole Bay, England, on Feb. 15, 2019. Finnbarr Webster | Getty Images News | Getty Images Crude oil futures fell more than 1% on Wednesday as the market softens on rising inventories, though prices could firm later this year as demand increases during the … Read more
