In this piece, we will look at the Top 25 Oil Exporting Countries in the World in 2024. For more, head on over to Top 5 Oil Exporting Countries in the World in 2024. Navigating the intricate tapestry of the global oil market requires a nuanced understanding of the multifaceted factors that shape its dynamics. […]
Chevron has indefinitely idled two biodiesel production facilities in the U.S. Midwest, the company confirmed on Friday, citing poor market conditions. The second-largest U.S. oil producer bought biodiesel maker Renewable Energy Group for $3.15 billion in 2022 to expand its renewable fuels production to 100,000 barrels per day by 2030. The deal brought it 10 biodiesel plants and one renewable diesel facility.
Exxon is challenging Chevron's acquisition of Hess, potentially leveraging its rights in a Guyana oil field stake, leading to speculation of concessions and delays in the deal's completion.