October
Exxon and Chevron Cut Divergent Paths as Global Oil Glut Looms
North America’s two dominant oil companies are carving divergent paths as the global crude market staggers toward what’s widely expected to be a hefty supply glut.
Texas Backs Permian Gas-Fired Power Plant With $1.1 Billion Loan as AI Demand Soars
Texas is backing a proposed Permian Basin power plant fueled by natural gas with a $1.1 billion low-interest loan, the largest such project under a state program aimed to shore up supplies after widespread blackouts in 2021.
Oil Giants Plan Production Boost Adding to Global Oversupply
The world’s biggest oil companies are expected to press ahead with plans to accelerate production growth when they report earnings this week, despite weak crude prices and higher supplies from OPEC and its allies.
