Brazil’s Petrobras and miner Vale have decarbonization partnership in works
Brazil's Petrobras is discussing a partnership with Vale to help the mining company lower carbon emissions, the state-run oil firm's Chief Executive Magda Chambriard said…
Phillips 66 to sell 49% stake in Swiss venture for $1.24 billion
Phillips 66 will sell its 49% non-operated equity interest in Coop Mineraloel AG to its Swiss joint venture partner for $1.24 billion, the U.S. refiner…
Middle East supply disruption potential could send oil above $100/bbl, Citi says
Citi Research on Monday raised its bull case scenario for oil prices for this quarter and the next one, citing heightened potential of the market…
Boeing to issue layoff notices to thousands next month, union and source say
Boeing will send 60-day notices in mid-November to staff being made redundant as part of a plan announced last week to cut 17,000 jobs at…
Oil falls 2% as OPEC cuts oil demand growth view, China concerns
Oil prices fell 2% on Monday as OPEC again lowered its outlook for 2024 and 2025 global oil demand growth while China's oil imports fell…
Acting US labor secretary intervenes in Boeing strike
U.S. Acting Labor Secretary Julie Su flew to Seattle on Monday to try to ease a strike by Boeing factory workers, as thousands of employees…
Norway court rejects environmental injunction against oil and gas fields
A Norwegian appeals court said on Monday it had ruled in favour of the government in a case brought by environmental activists who sought to…
United adds eight new destinations in largest international expansion in its history
• United's Summer 2025 schedule includes service to eight new cities: Ulaanbaatar, Mongolia; Kaohsiung, Taiwan; Nuuk, Greenland; Palermo, Italy; Bilbao, Spain; Madeira Island, Portugal; Faro,…
Fewer tankers transit the Red Sea in 2024
The amount of crude oil and oil products flowing through the Bab el-Mandeb, the southern chokepoint at the mouth of the Red Sea, decreased by…
Port Update with Mario Cordero – Interview with Richenny Bovannak, Highway Coordinator at HDR, Inc.
On this edition of Port Update, Port of Long Beach CEO Mario Cordero speaks with Richenny Bovannak, Highway Coordinator at engineering consulting firm HDR, Inc.…
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