NEW YORK — ConocoPhillips is buying shale producer Concho Resources in an all-stock deal valued at $9.7 billion, making it a major presence in the Permian Basin, the top-producing oil field in the U.S. The […]
CARACAS, Venezuela — The second of three ships loaded with gasoline from Iran approached fuel-starved Venezuela on Wednesday amid simmering social unrest over a lack of goods and services that’s sparked protests across the South […]
ALBUQUERQUE, N.M. — New Mexico is on track to have another banner year as a result of oil and gas drilling and other activities on state trust lands, officials with the State Land Office said […]
MIAMI — The Trump administration has seized the cargo of four tankers it was targeting for transporting Iranian fuel to Venezuela, U.S. officials said Thursday, as it steps up its campaign of maximum pressure against […]
NEW YORK — Chevron will take over Noble Energy for $5 billion in the first big deal announced since the coronavirus pandemic shook the energy sector. Chevron has been shopping for assets since last year […]
MIAMI — U.S. federal prosecutors are seeking to seize four tankers sailing toward Venezuela with gasoline supplied by Iran, the latest attempt to disrupt ever-closer trade ties between the two heavily sanctioned anti-American allies. The […]
CAIRO — The United Nations said an abandoned oil tanker moored off the coast of Yemen loaded with more than 1 million barrels of crude oil is at risk of rupture or exploding, causing massive […]
NEW YORK — The market’s spotlight was again on oil, where prices have plummeted because very few people are flying or driving, and factories have shut amid widespread stay-at-home orders. Global demand is set to […]
VIENNA — Talks between OPEC and non-member allies like Russia ended Friday without a deal on cutting oil production to limit a drop in the price of oil as the virus outbreak slashes demand. The […]
GEORGETOWN, Guyana — Guyana voted for a new government in a bruising fight for control of a tiny South American country whose oil revenues in the next decade could make it one of the wealthiest […]
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