US oil and gas companies on Friday cut more than 1.6 million barrels of oil production as a major storm churned toward oilfields that provide 17% of the nation’s oil production.
Report shows four-year trend in minerals-rich nations, led by Latin American countries, to seek greater control over the revenues generated by their resources.
BHP's exit from petroleum, which made up just 5% of its annual earnings, speeds up its exit from fossil fuels amid pressure from environmentally conscious investors.