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Lyondell Houston oil refinery sale in focus ahead of investor call

This post was originally published on this siteHOUSTON, Jan 24 (Reuters) – Chances for a quick sale of LyondellBasell Industries’ (LYB.N) Houston oil refinery are dwindling with several other refineries competing for buyers, said people familiar with the matter on Monday. The petrochemical maker put the 263,776 barrel-per-day plant on the market for a second time

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U.S. oil CEOs offer opposing views on crude output growth

This post was originally published on this siteHOUSTON, Jan 24 (Reuters) – The chiefs of major U.S. oil companies Occidental Petroleum Corp and ConocoPhillips (COP.N) offered differing outlooks on the growth of U.S. oil output at a conference on Monday, as the industry rebounds from shutdowns during the first stage of the coronavirus pandemic. Oil prices

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Oil Rebounds From Biggest Tumble This Year on Outlook for Demand

This post was originally published on this siteJan 25, 2022 (Bloomberg)Oil rebounded after the biggest one-day tumble this year, with traders focused on the still-positive demand outlook as the pandemic eases. West Texas Intermediate climbed above $84 a barrel after shedding more than 2% on Monday, when U.S. equities swooned then recovered. The volatile trading

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Goldman Says Russia Conflict Could Curb Gas Flows Indefinitely

This post was originally published on this siteJan 24, 2022 (Bloomberg) Russian natural gas flows to Europe could be curtailed for “an indefinite period” if the nation’s new pipeline project to Germany is hit by sanctions as a result of escalating tensions over Ukraine, according to Goldman Sachs Group Inc.The bank still assumes that the Nord Stream

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