Exxon, Chevron Focus on Oil Projects in the Americas
The two largest U.S. oil companies are pulling back on big international oil projects and concentrating on a handful of more lucrative assets closer to home.
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Former President Donald Trump's return to the White House could mean tougher enforcement of U.S. oil sanctions against Iran, potentially trimming global supplies, but his administration could struggle to get China, Iran's top crude customer, to cooperate, analysts said.
All aspects of the oil business have come under the growing influence of the Guards, from the "shadow fleet" of tankers that secretively ship sanctioned crude, to logistics and the front companies selling the oil, mostly to China.
Saudi Arabia Is Losing Its Iron Grip on Global Oil Markets
A burgeoning group of dark fleet vessels operating with impunity on the edge of a major maritime thoroughfare is moving hundreds of millions of barrels of sanctioned oil — and risking an environmental catastrophe.
Sagging crude oil prices will have a bigger impact on industry behavior than federal policy, and rising trade tensions could dampen the outlook for U.S. companies.
China’s demand for oil, long an important driver of global oil demand growth, slowed dramatically during January–September 2024. Between 2000 and 2023, China accounted for 50 percent of...