US crude stockpile surge and OPEC+ supply hike push Brent down 3%
Brent crude prices declined nearly 3% on Wednesday, rebounding slightly from a three-year low as U.S. crude stockpiles rose more than expected, adding pressure on...
Tag : Chevron
Shell profits drop 16% but maintains strong shareholder returns
British energy giant Shell reported a 16% drop in full-year profit for 2024, citing weaker oil and gas prices, lower refining margins, and reduced demand....
Stock futures rise ahead of key inflation reports this week
Stock futures edged higher on Tuesday morning as investors prepared for two critical inflation reports this week. Futures tied to the Dow Jones Industrial Average...
Exxon and Chevron dive deep into oil amid clean energy surge
Despite the worldwide momentum toward clean energy, two of America's oil giants have recently placed significant bets on fossil fuels. Both Exxon Mobil and Chevron...
Egypt partners with global energy companies in $1.8 billion offshore exploration initiative
Tarek El Molla, the Minister of Petroleum and Mineral Resources of Egypt, unveiled his country's ambitious plan to invest $1.8 billion in offshore exploration for...
Nasdaq falls as oil prices soar amid concerns of inflation and recession
The Nasdaq Composite fell 0.6% on Monday as oil prices soared amid concerns of inflation and a looming recession. The S&P 500 remained mostly flat...