HOUSTON (Reuters) - Exxon Mobil Corp is nearing final approval of a major expansion to its Beaumont, Texas, refinery that could make it the largest crude processing plant in the United States, according to three sources familiar with the company’s ... ... lees verder

Feb 22 (Reuters) - ABU DHABI NATIONAL OIL CO: * SIGNS EXCLUSIVE AGREEMENT WITH CHEMLUBE, APPOINTING IT AS EXCLUSIVE SELLER OF ITS GROUP III BASE OIL PRODUCT IN EUROPE‍ Source:(bit.ly/2BIqEb3) Further company coverage: Our Standards:The Thomson Reuters ... ... lees verder

The petro, a cryptocurrency launched by the Venezuelan government, raised $735 million in the first day of a pre-sale, officials said. "Today, a cryptocurrency is being born that can take on Superman," President Nicolas Maduro said. The cryptocurrency ... ... lees verder

Feb. 21 (UPI) --Seismographs have documented a significant increase in earthquakes in southern Kansas over the last five years, and the latest research suggests the oil and gas industry's activity tied to hydraulic fracturing is to blame. Prior to 2012, no ... ... lees verder

The effect of oil prices on the U.S. economy used to be straightforward: Higher was bad. Yet between 2014 and early 2016, as oil collapsed, growth slowed sharply. Since then oil has doubled, yet the economy has accelerated. Credit this to the emergence of ... ... lees verder

The US is forging ahead with a plan to boost oil and gas exports as part of a push by President Donald Trump’s administration for “energy dominance”, a top government official said. The country’s exports have been propelled by a boom in oil and ... ... lees verder

SINGAPORE (Reuters) - Oil prices fell on Wednesday, weighed down by a rebound in the U.S. dollar from three-year lows hit last week and an expected rise in U.S. oil production. U.S. West Texas Intermediate (WTI) crude futures were at $61.07 a barrel at ... ... lees verder

Venezuela’s government on Tuesday opened the pre-sale of its contentious petro cryptocurrency, making 82.4 million of the blockade-busting virtual coins available for purchase. The Bitcoin-esque petro (the code for which is “PTR”) is part of a drive ... ... lees verder