Edition:
United Kingdom

Jessica Resnick-Ault

Oil plummets, on track for biggest weekly drop in 2019

23 May 2019

NEW YORK Oil prices plunged on Thursday, losing about 5% as trade tensions dampened the demand outlook, putting the crude benchmarks on course for their biggest daily and weekly falls in six months.

U.S. crude stockpiles rise unexpectedly to highest since 2017: EIA

15 May 2019

NEW YORK U.S. crude oil stockpiles rose unexpectedly last week, climbing to their highest since 2017 amid a release from the national emergency reserve, while gasoline inventories decreased more than forecast, the Energy Information Administration said on Wednesday.

UPDATE 1-U.S. crude stockpiles rise unexpectedly to highest since 2017 - EIA

15 May 2019

NEW YORK, May 15 U.S. crude oil stockpiles rose unexpectedly last week, climbing to their highest since 2017 amid a release from the national emergency reserve, while gasoline inventories decreased more than forecast, the Energy Information Administration said on Wednesday.

Occidental's victory over Chevron for Anadarko

10 May 2019

Before Occidental Petroleum Corp clinched a deal on Thursday to buy Anadarko Petroleum Corp for $38 billion, it pursued its U.S. oil and gas exploration and production rival for nearly two years, culminating in the sector's most high-profile public contest since the 1980s.

Occidental's victory over Chevron for Anadarko

10 May 2019

Before Occidental Petroleum Corp clinched a deal on Thursday to buy Anadarko Petroleum Corp for $38 billion, it pursued its U.S. oil and gas exploration and production rival for nearly two years, culminating in the sector's most high-profile public contest since the 1980s.

Timeline: Occidental's victory over Chevron for Anadarko

10 May 2019

Before Occidental Petroleum Corp clinched a deal on Thursday to buy Anadarko Petroleum Corp for $38 billion, it pursued its U.S. oil and gas exploration and production rival for nearly two years, culminating in the sector's most high-profile public contest since the 1980s.

TIMELINE-Occidental's victory over Chevron for Anadarko

10 May 2019

May 10 Before Occidental Petroleum Corp clinched a deal on Thursday to buy Anadarko Petroleum Corp for $38 billion, it pursued its U.S. oil and gas exploration and production rival for nearly two years, culminating in the sector's most high-profile public contest since the 1980s.

From Paris to Omaha: How Occidental CEO out-maneuvered Chevron in Anadarko bid

10 May 2019

NEW YORK Occidental Petroleum chief executive Vicki Hollub was caught off guard when U.S. oil giant Chevron swooped in last month with a $33 billion offer to buy Anadarko Petroleum, the oil and gas exploration and production firm she had been wooing for nearly two years. | Video

From Paris to Omaha: How Occidental CEO out-maneuvered Chevron in Anadarko bid

09 May 2019

NEW YORK, May 9 Occidental Petroleum chief executive Vicki Hollub was caught off guard when U.S. oil giant Chevron swooped in last month with a $33 billion offer to buy Anadarko Petroleum, the oil and gas exploration and production firm she had been wooing for nearly two years. Chevron, nearly five times larger than Occidental , appeared to have out-maneuvered its smaller rival. But on Sunday Hollub showed the fight was not over. After a whirlwind few days to raise more cash, Hollub offered a sweetened deal. By Thursday, Chevron had bowed out.

BP to boost Gulf of Mexico spending as shale-focused rivals pull back

06 May 2019

NEW YORK BP Plc on Monday announced new production units in the Gulf of Mexico, enhancing its standing as the largest producer there at a time when rival global oil majors are scrambling to expand vast U.S. onshore shale drilling.

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