Joe Ryan

1 week ago | rigzone.com | Alex Longley |Joe Ryan

US oil futures broke a three-day string of losses as equity markets strengthened and President Donald Trump threatened broader sanctions against buyers of Iranian crude. West Texas Intermediate settled 1.8% higher, at $59.24 a barrel after Trump said that any nation or person who buys oil or petrochemicals from Iran will be subject to secondary sanctions. It was the biggest one-day increase for US oil futures in more than a week.

3 weeks ago | bloomberg.com | Joe Ryan

A Matador Resources Co. site in the Permian Basin area of Loving County, Texas. (Bloomberg) -- Texas shale-oil company Matador Resources Co. plans to drop one of its nine drilling rigs by the middle of the year in response to plunging crude prices. The move will slice $100 million from Matador’s planned capital expenditures for the year, according to a statement Wednesday.

4 weeks ago | news.bloomberglaw.com | Joe Ryan |Nathan Risser

Valero Energy Corp. is considering closing its San Francisco Bay Area oil refinery within a year, as strict environmental rules and heightened regulatory oversight in California have driven a string of plant closures along with conversions from crude to renewable fuels. Valero, one of the largest US fuel makers, told the California Energy Commission that it will idle, restructure or cease operations at the refinery in Benicia by the end of April 2026, according to a statement Wednesday.

4 weeks ago | news.bloombergtax.com | Joe Ryan |Nathan Risser

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4 weeks ago | news.bloombergtax.com | Joe Ryan |Nathan Risser

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.