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Energy Secretary Chris Wright sought to reassure U.S. oil companies during a visit to Oklahoma.
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Valero reported a loss attributable to shareholders of $595 million, or $1.9 per share, impacted by $1.13 billion in pre-tax impairments.
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'AccuWeather is forecasting seven to nine million acres to burn across the country this year, which is more than the historical average', AccuWeather Lead Long-Range Expert Paul Pastelok said.
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Saipem reported about $87.45 million in net income for Q1, up 35.1 percent from the same three-month period a year ago on the back of improvements in its engineering and construction segments.
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BP and Eni confirmed the preliminary results of the Capricornus 1-X exploration well in Namibia's Orange Basin.
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Eni and the UK government have reached financial close on the Liverpool Bay CCS project, with startup planned for 2028.
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Exxon Mobil signed a deal with Calpine to transport and permanently store up to 2 million metric tons per annum of CO2 from Calpine's Baytown Energy Center.
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Russia's oil producers have been drilling at a pace not seen in at least five years as the nation readies for both a loosening of OPEC+ output limits and the possibility of relief from some war sanctions.
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At this week's flagship international summit on energy security, the clashing visions of the US and its allies were on full display.
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Tight supplies and bullish market signals supported gains in both WTI and Brent.
