Oil and Gas Refining and Marketing (TRBC)

Big Oil’s patchy deals record casts shadow over green makeover

Big Oil’s patchy deals record casts shadow over green makeover

Published 01/09/2020

LONDON (Reuters) - As major oil companies prepare to spend billions on renewable energy assets to stay relevant in a low-carbon future, the industry’s patchy [more…]

Factbox: Oil refiners shut plants as demand losses seen continuing

Factbox: Oil refiners shut plants as demand losses seen continuing

Published 17/08/2020

(Reuters) - Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next as uncertain prospects for [more…]

Berkshire slashes Wells Fargo, JPMorgan stakes- adds Barrick Gold

Berkshire slashes Wells Fargo, JPMorgan stakes- adds Barrick Gold

Published 15/08/2020

(Reuters) - Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) said on Friday it has sold shares of some of the largest U.S. banks, slashing its stakes [more…]

Equinor appoints new CEO to speed up renewable investments

Equinor appoints new CEO to speed up renewable investments

Published 10/08/2020

OSLO (Reuters) - Equinor (EQNR.OL) on Monday announced the appointment of Anders Opedal as chief executive effective from Nov. 2 as the Norwegian oil and [more…]

BP’s green energy targets will be tough to meet

BP’s green energy targets will be tough to meet

Published 10/08/2020

LONDON (Reuters) - BP (BP.L) will need to invest tens of billions of dollars over the next decade and may have to accept lower returns [more…]

Saudi Aramco’s profit plunges, sees signs of oil market recovery

Saudi Aramco’s profit plunges, sees signs of oil market recovery

Published 10/08/2020

DUBAI (Reuters) - State oil giant Saudi Aramco’s profit plunged 73% in the second quarter of the year, as a slump in energy demand and [more…]

Marathon Petroleum posts adjusted loss after announcing Speedway sale

Marathon Petroleum posts adjusted loss after announcing Speedway sale

Published 03/08/2020

(Reuters) - U.S. oil refiner Marathon Petroleum Corp posted a smaller-than-expected quarterly loss on Monday, hours after it announced the sale of its Speedway gas [more…]

China’s industrial profit growth quickens, signals firming economic recovery

China’s industrial profit growth quickens, signals firming economic recovery

Published 27/07/2020

BEIJING (Reuters) - Profits at China’s industrial firms rose for a second straight month and at the fastest pace in over a year, adding to [more…]

Reliance’s digital unit wins Qualcomm backing in boost to 5G plans

Reliance’s digital unit wins Qualcomm backing in boost to 5G plans

Published 12/07/2020

NEW DELHI (Reuters) - India’s Reliance Industries said on Sunday Qualcomm Inc’s investment arm will buy a 0.15% stake in its digital unit Jio Platforms [more…]

Vitol’s former CEO Ian Taylor dies after cancer battle: sources

Vitol’s former CEO Ian Taylor dies after cancer battle: sources

Published 09/06/2020

LONDON (Reuters) - Vitol’s former chief executive and chairman Ian Taylor has died at the age of 64 from cancer, according to an internal memo [more…]