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U.S. pipeline operator Energy Transfer warns of coming job cuts

U.S. pipeline operator Energy Transfer LP <ET.N> will begin cutting about 6% of its workforce next week, underscoring the spreading impact of weak oil and gas prices on the energy business.

Ecopetrol subsidiary extends, increases pipeline cost aid

Oil transportation companies have agreed to extend reductions for pipeline charges amid a fall in oil prices, Cenit, a subsidiary of Colombia's state-run oil company Ecopetrol, said on Friday.

Iran's fuel reaches Venezuelan stations, fifth tanker headed to Caribbean

Venezuela's state-run oil company PDVSA began supplying the nation's stations on Saturday with fuel provided by ally Iran as drivers wait anxiously for the gasoline to be sold, according to four sources involved in the distribution.

Exclusive: U.S. warns governments, firms against aiding Iran fuel shipments to Venezuela - envoy

Seeking to deter further shipments of Iranian fuel to Venezuela, the Trump administration has quietly warned foreign governments, seaports, shipping companies and insurers that they could face stiff U.S. sanctions if they aid the tanker flotilla, the U.S. envoy on Venezuela...

Latest News

Mexican regulator approves new power rates amid public dispute

Mexico's energy regulator has approved new rates that electricity providers must pay the national power utility for transmission, it said late on Thursday, as a dispute rumbles on between the private sector and government over industry rule changes.

Court ruling in Keystone XL case another blow to big U.S. pipelines, say energy analysts

The two biggest U.S. natural gas pipelines under construction are likely facing more delays after an appeals court ruling against the Army Corps of Engineers, energy analysts said.

Exxon restarts large CDU at Beaumont, Texas, refinery: sources

Exxon Mobil Corp restarted on Friday the large crude distillation unit (CDU) at its 369,024 barrel-per-day (bpd) Beaumont, Texas, refinery, said sources familiar with plant operations.

Oil surges 5% on U.S.-China trade optimism, falling crude output

Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains, on hopes that the U.S.-China trade deal would remain intact and on falling crude production.

Shell Norco, La. refinery CDU malfunction triggers multi-unit outage: sources

A crude distillation unit (CDU) malfunction triggered a multi-unit outage early on Friday at Royal Dutch Shell Plc’s 225,300 barrel-per-day (bpd) Norco, Louisiana, refinery.

Tullow Oil says 58 workers test positive for COVID-19 offshore Ghana

Fifty-eight workers tested positive for COVID-19 at an oil production facility run by Tullow Oil off Ghana's Atlantic coast, the company said in a statement on Friday.

After long battle, Ukraine plans to privatise power producer Centrenergo next year

Ukraine will privatise the thermal power producer Centrenergo in the second quarter of 2021 after finally succeeding in changing the company's management amid bomb threats and a legal battle, the head of the State Property Fund told Reuters on Friday.

Los Angeles union, joined by 'Pandemic Pig,' demands meatpacking plant closure

The union representing workers at a meatpacking plant near Los Angeles where at least 153 employees have come down with COVID-19 called on Thursday for the plant's immediate closure, saying measures to control the outbreak were not working.

Belgium expands investigation into Trafigura's zinc firm Nyrstar

Belgium's Financial Services and Markets Authority (FSMA) has expanded an investigation it started in September into zinc group Nyrstar, which is now owned by commodities trader Trafigura, the regulator said on Friday.

U.S./Canadian oil & gas rig count falls to record low: Baker Hughes

U.S. and Canadian energy firms cut the number of oil and natural gas rigs operating to a record low as they slash spending on new drilling after global coronavirus lockdowns caused energy prices and demand to collapse.

Turkey says may begin oil exploration under Libya deal in three-four months

Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the region including Greece, Energy Minister Fatih Donmez said on Friday.

Chile state miner Codelco sees first-quarter profits in free fall

World top copper producer Codelco saw profits plunge 85% in the first quarter of 2020, the company said on Friday, ravaged by the falling price of the red metal amid the global coronavirus pandemic.

U.S. oil output fell 28,000 barrels per day in March to 12.7 million barrels per day: EIA

U.S. crude oil production fell 28,000 bpd, or 0.2%, in March to 12.716 million barrels per day, the lowest level since October, the U.S. Energy Information Administration said in a monthly report on Friday.

In northern Brazil, iron ore keeps flowing as Vale miners battle coronavirus

In late April, Evaldo Fidelis, a 35-year-old tractor operator at Vale SA's massive iron ore mine in northern Brazil, came down with a dry cough.

Total needs to cover $12 billion shortfall due to crisis: CEO

French energy major Total now faces a revenue shortfall of at least $12 billion due to the crash in oil prices, CEO Patrick Pouyanne said on Friday, a third higher than its previous forecast made two months ago.

Occidental Petroleum holders elect board, increase shares and authorize Berkshire warrants

Occidental Petroleum Corp shareholders on Friday elected all 11 directors, approved the issue of new shares and warrants and a poison-pill measure, the first shareholder votes on last year's $38-billion acquisition of Anadarko Petroleum.

Indonesia keeps palm oil, cocoa export taxes unchanged for June

Indonesia will keep its export tax for crude palm oil at zero for a third month in June, the country's trade ministry said in a statement on Friday.

Column: U.S. crude stocks swell as tankers from Saudi Arabia unload - Kemp

U.S. petroleum inventories increased sharply last week as the fleet of tankers sent from Saudi Arabia at the height of the volume war started to discharge their crude while the recovery in domestic fuel use remained sluggish.

Gold M&A back on the agenda as coronavirus restrictions ease

A lull in corporate takeover activity among gold miners is expected to end as new coronavirus-linked travel restrictions are lifted in coming months, clearing the way for prospective buyers, industry executives and fund managers said.

Brazil's Vale says reversed order to shut Itabira issued by labor authorities

Brazilian mining company Vale SA said in a securities filing on Friday that its Itabira iron ore mining site was ordered shut under an order from the labor authorities, but that it was able to immediately reverse that order after obtaining a favorable court injunction.

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