As the U.S. chemical sector grows and expands, fueled by a surge in domestic gas production, the European chemical industry is stagnating, plagued by high production costs and a lack of investment in new plants and research and development. More »
ConocoPhillips announced today it will file for arbitration in a contract-dispute case against Venezuela’s state oil company, in a continued battle over the South American state’s 2007 nationalization of several oil company’s assets. More »
The European Union rekindled a probe into possible rigging of fuel-price benchmarks, raiding ethanol companies in the bloc 17 months after officials inspected three oil producers and industry publisher Platts. More »
A tiny patch of the southwestern U.S. produces the nation’s highest concentrations of methane, the potent greenhouse gas that President Barack Obama has vowed to tackle as part of his assault on climate-change pollution. More »
Exxon Mobil Corp. was awarded a $1.6 billion settlement by an international arbitration panel for assets seized by Venezuela’s government in 2007, a fraction of what the crude producer had sought. More »
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