Venture Global shares plunged after its 2025 profit forecast missed Wall Street expectations, raising concerns over rising costs and revenue declines.
Energy Sector
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Chevron announces leadership and structural changes to improve efficiency, cut costs, and optimize global operations amid industry challenges.
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Nigeria, Angola, and Algeria lead Africa’s oil production, driving economies while navigating structural challenges and global market fluctuations.
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Pemex announces $1.35 billion in spending cuts, prioritizing high-producing wells while deferring projects to optimize resources amid financial challenges.
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APA Corp is exploring a $1 billion sale of its Permian Basin assets to streamline operations and reduce debt, aligning with its strategic focus on shale production.
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Significant revisions to US energy data by the EIA have left traders and analysts confused, questioning the reliability of crucial market information.
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Quantum Capital Group to buy U.S. power producer Cogentrix Energy for $3 billion, highlighting growing investor interest in the energy sector amid rising power demands.
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The Organization of the Petroleum Exporting Countries (OPEC) is shifting its focus in oil market reporting. Instead of estimating demand for its own crude oil production, OPEC will now prioritize …
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U.S. gasoline and diesel demand have plunged to their lowest seasonal levels since the 2020 pandemic, according to new data. This slump is squeezing refining margins, threatening to disrupt two …
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Nigeria is on the brink of finalizing a significant deal that could see the sale of Exxon Mobil’s oil assets to indigenous oil firm Seplat Petroleum Development Company Plc. The …