Latest in Oil Gas Output
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BP to abandon pledge to cut oil and gas output as chief fights for group’s survival
Auchincloss must convince activist investor Elliott Management he can turn around troubled oil majorFinancial Times - 1d -
BP to ramp up oil and gas output in major shift away from green goals
Fossil fuel firm will cut more than $5bn from low-carbon investment plan in ‘fundamental reset’. Business live – latest updates BP is dropping green goals, ramping up oil and gas production ...The Guardian - 10h -
BP shuns renewables in return to oil and gas
The energy giant has announced its strategy after rivals also rowed back on green energy plans.BBC News - 9h -
BP pivots back to oil and gas after ‘misplaced’ faith in green energy
Chief says group was too optimistic over shift to renewablesFinancial Times - 9h -
BP to slash spending on net zero ventures as it focuses on oil and gas again
British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas productionABC News - 8h -
BP to ‘Fundamentally Reset’ Strategy in Shift Back to Oil and Gas
The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.The New York Times - 5h -
EU spends more on Russian oil and gas than financial aid to Ukraine – report
Europe estimated to have bought €22bn of fossil fuels from Russia in 2024 but gave €19bn to support Kyiv. The EU is spending more money on Russian fossil fuels than on financial aid to Ukraine, a ...The Guardian - 2d -
BP ramps up oil and gas investment to $10bn a year in ‘fundamental reset’ – business live
Oil and gas giant abandons green ambitions, as boss says it will be ‘very selective’ about investing in fossil fuel alternatives. BP will abandon its green ambitions, including plans to cut its ...The Guardian - 14h -
Trump to Revoke an Oil License in Venezuela
President Trump appears to be revoking a license that the Biden administration gave Chevron in 2022, potentially hurting the company and Venezuela.The New York Times - 13m -
The 3 Best Essential Oil Diffusers (and One to Avoid)
Keep things smelling fresh with these handy home gadgets.Wired - 6d -
Oil prices end lower, erasing weekly gains
“A number of decisions are pending … that could drive the oil price in one direction or the other,” one analyst noted.MarketWatch - 5d -
Trump cancels Chevron’s oil licence in Venezuela
Decision to reverse Biden-era ‘concession agreement’ delivers blow to US oil group and Maduro’s sanctioned regimeFinancial Times - 2h -
Austria, a Longtime Buyer of Russian Gas, Tries to Break the Habit
OMV, a multinational energy company based in Vienna, has shifted to other options, including increasing its own output of natural gas, drilling for oil and experimenting with geothermal energy.The New York Times - 3d -
Forest fires push up greenhouse gas emissions from war in Ukraine
Emissions estimated at 55m tonnes in 2024 and nearly 230m tonnes in three years of war . The burning of Ukraine’s forests at unprecedented rates over the past year has helped push the total ...The Guardian - 2d -
EPA to make higher-ethanol gas available year round beginning in April
The Environmental Protection Agency (EPA) will proceed with Biden-era plans to allow the year-round sale of higher-ethanol E15 fuel, a longtime ask of midwestern lawmakers and the biofuels ...The Hill - 2d -
EU plans to relax gas storage targets for member states
Brussels hopes a ‘more flexible’ filling trajectory will reduce market disruptionFinancial Times - 9h -
Top shale boss says US oil companies will not flock back to Russia
Harold Hamm warns executives will be wary of any peace deal between Trump and PutinFinancial Times - 4d -
Oil prices end higher as U.S. imposes more sanctions on Iran
Oil futures finished higher on Monday, with prices finding support after a nearly 3% decline Friday, as the U.S. imposed fresh sanctions on Iran, impacting its crude sector.MarketWatch - 2d -
Producers braced for glut of palm oil after Indonesia curbs exports
Clampdown on exports of used cooking oil squeezes demand from European energy suppliersFinancial Times - 1d -
BP’s going back to petroleum as it plans more oil spending and production
Embattled oil major BP on Wednesday unveiled what it billed as a strategic reset, planning to increase oil and gas investment while reducing outlays for greener fuels.MarketWatch - 13h -
Natural-gas ETFs have quietly outshined the broader market so far in 2025. Is it time to jump in?
Energy ETFs have quietly outperformed the U.S. stock market in 2025, driven by the strength of natural gas.MarketWatch - 5d -
Gas grill explosion at Hawaii condo leaves 7 injured, 3 in critical condition
The Maui Police Department in Hawaii is investigating what led to a gas grill explosion at a Kaanapali Beach condo Thursday evening which left seven people injured.ABC News - 5d -
Iraq says oil exports from Kurdish region by way of Turkey set to resume
Iraq’s oil ministry has announced the resumption of oil exports from northern Iraq’s semi-autonomous northern Kurdish regionABC News - 4d -
Oil prices settle at lowest level of the year as tariff threat hurts demand outlook
Oil futures settled Tuesday at their lowest level of the year, with the economy and energy demand expected to take a hit from proposed U.S. tariffs on Canada and Mexico that may come into effect ...MarketWatch - 1d -
Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a fundamental strategic reset.CNBC - 9h -
Oil prices hold at 2025 lows on tariff fears, prospects for end to war in Ukraine
Oil futures settled lower Wednesday, with concerns over the global economic outlook and potential for an end to Russia’s war against Ukraine that could lift sanctions on Moscow prompting prices to ...MarketWatch - 4h -
Trump cuts financial lifeline for Venezuela's government by ending permit to export oil to US
A permit issued by the United States government allowing energy giant Chevron Corp. to pump and export Venezuelan oil will be terminated this weekABC News - 3h