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Oil spikes to 2008 highs as U.S., Europe mull Russian oil import ban
Oil prices soared more than 9 percent on Monday, touching their highest since 2008, as the United States and European allies mull a Russian...
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IEA Member Countries to make 60 million barrels of oil available following Russia’s invasion of Ukraine
The 31 Member Countries of the Governing Board of the International Energy Agency agreed to release 60 million barrels of oil from their emergency...
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Chevron makes new investment in Carbon Clean
Chevron has made a new investment in Carbon Clean, a leader in cost-effective industrial carbon capture.
Carbon Clean’s technology is designed to reduce the costs...
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Chevron, Iwatani to build 30 hydrogen fueling stations in California
Chevron and Iwatani announced an agreement to co-develop and construct 30 hydrogen fueling sites in California by 2026.
Chevron plans to fund construction of the sites, which are...
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Exxon’s workforce falls by 9,000 in 2021 amid cost cuts
Exxon Mobil said on Wednesday its global workforce fell by 9,000 people last year as part of a deep cost cutting program after the COVID-19...
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Chevron seeks to sell Equatorial Guinea oil and gas assets
Chevron is looking to sell its stakes in three oil and gas fields in Equatorial Guinea, hoping a recent rally in energy prices will help...
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Crude oil price will average nearly $88 per barrel: EIA forecasts
The U.S. Energy Information Administration (EIA) forecasts that the Brent crude oil price will average $90 per barrel in February and nearly $88 per...
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Shell changes name, ditching Royal Dutch used since 1907
Shell officially changed its name on Friday, ditching Royal Dutch, which has been part of its identity since 1907, following plans to scrap its...