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COMMENTARY: Welcome to the Age of Big Oil’s Managed Decline

By Ron Bousso Oil majors cut spending, boost shareholder returns amid uncertainty Exxon Mobil bucks trend with increased spending, production plans Peak demand narrative persists despite geopolitical energy shocks LONDON, March 26 – Top oil and gas companies are losing confidence in the outlook for their core businesses. Recent strategy updates by leading European and …

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Fossil Fuel, Agriculture Officials to Rail Against Trump Port Fee Plan

By Valerie Volcovici and Lisa Baertlein US industries oppose $3 million fees on China-linked ships US shipping fees on China vessels face industry backlash China-linked ship fees spark US industry concerns WASHINGTON, March 26 (Reuters) – Fossil fuel and agriculture industry representatives are expected to criticize the Trump administration’s plan to impose big fees on …

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Phillips 66 to Propose New Board Members Amid Elliott Battle, WSJ Reports

(Reuters) – Phillips 66 is expected to nominate two new directors to its board as the proxy fight with activist Elliott Investment Management intensifies, the Wall Street Journal reported on Wednesday citing people familiar with the matter. The refiner is set to disclose four nominees, including the two new ones, in its proxy materials Wednesday …

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