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Elliott Investment Management is heading toward a proxy battle with Phillips 66 after failing to reach an agreement with the energy group’s leadership on a path to improving performance.

Global oil demand will hit a record this year as Asian countries, particularly China and India, continue to expand consumption, said the head of Saudi Aramco.

Canada announced a package of counter-tariffs against U.S. products after President Donald Trump confirmed that his administration will go ahead with levies against Canada and Mexico.

The national average diesel price swung down 6.2 cents after four straight weeks of gains to settle at $3.635 a gallon, according to U.S. Energy Information Administration data March 3.

A permit issued by the U.S. government allowing Chevron to pump and export Venezuelan oil will be terminated, President Donald Trump announced Feb. 26.

President Donald Trump began dismantling Joe Biden's climate change and renewable energy policies on his first day, declaring a national energy emergency — an emergency Democrats say is a sham.

A national trade coalition is urging Environmental Protection Agency Administrator Lee Zeldin to set Renewable Fuel Standards for 2026 and later to bolster U.S. biofuel availability.

BP confirmed that it would slash spending on green ventures and increase its oil and gas production, a change in direction that it hopes will bolster its flagging share price.

The move would sweep away the legal foundation for regulations limiting planet-warming pollution from power plants, automobiles and oil wells.

Lucid Group will begin a search for a new CEO after it said its current leader, Peter Rawlinson, has stepped aside to serve in a strategic advisory role.