News Highlights: Top Energy News of the Day
Chevron Names Wirth CEO
Chevron named Michael Wirth, an engineer and longtime operator of a vast network of refining and pipeline assets, as its next chief executive.
Crude Oil Turns Lower as Rally Stalls
Oil prices moved into the red, erasing much of this week's gains as investors took profits.
Natural Gas Nearly Unchanged After U.S. Stockpile Data
Natural gas prices wavered between gains and losses after government data showed a smaller-than-expected increase in supplies last week.
In Russia, Spotlight Falls on Oil Boss
The corruption trial of a former Russian economy minister is casting a spotlight on a Kremlin power struggle and the clout of the country's top oil boss.
Origin Energy to Sell Lattice Unit
Australia's Origin Energy Ltd. is selling its conventional oil and gas production business for $1.24 billion to slash debt and focus more on exports of chilled coal seam gas to Asia.
Toyota Motor Sets Up New Electric Car Venture with Mazda, Denso
Toyota Motor Corp. is setting up a venture with Mazda Motor Corp. and automotive supplier Denso Corp. to develop electric vehicles technology, part of a new strategic shift by the car maker into fully electrified engine-powered cars and trucks.
The Market's Helping Hand for Oil Prices
A recent shift in the financial market for oil provides insights into the physical market, and could boost oil prices beyond normal impact of supply and demand.
Brazil Holds Its Most Successful Oil Auction
Brazil held its most successful oil auction ever as a new partnership between state-run Petrobras and Exxon Mobil shelled out $1.1 billion in signing bonuses amid an improving regulatory environment.