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Oil Climbs as Shipping Threats Grow

Brent oil advanced to the highest since early June as traders weighed threats to maritime traffic that span from the Strait of Hormuz and the Red Sea to a key Kazakh export terminal on Russia’s coast. The global benchmark rose 2% to settle around $91 a barrel as the US conducted a 10th straight day […]

Chevron shuts in Petronius production as Tropical Storm Bertha approaches Gulf

Chevron has shut in production at its Petronius facility in the U.S. Gulf and evacuated all associated personnel to shore as Tropical Storm Bertha approaches the northern Gulf Coast. The company said production from its other operated Gulf of America assets remains at normal levels. Chevron has also transported nonessential personnel from its Tubular Bells and Blind Faith […]