Morgan Stanley <MS.N> has not been given an advisory role on the potential sale of a stake in Saudi Aramco's pipeline business, a deal worth over $10 billion, two sources told Reuters.

State-run Abu Dhabi National Oil Company (ADNOC) has informed customers of a cut in its crude oil nominations for July in line with a decision by OPEC+ last month to reduce supplies, three sources with knowledge of the matter told Reuters.

PG&E Corp said on Thursday its Chapter 11 reorganization plan has been confirmed by a California power regulator, bringing the power provider one step closer to emerge from bankruptcy and participate in a state-backed wildfire fund.

Canadian Imperial Bank of Commerce (CIBC) took a mark-to-market trading loss of C$88.2 million ($64 million) in one day in March due mainly to volatility in the gold market, the bank said in its second-quarter earnings report on Thursday.

Marathon Petroleum Corp shut the hydrocracker (HCU) and alkylation unit at its 585,000 barrel-per-day (bpd) Galveston Bay Refinery in Texas City, Texas, by Thursday as part of a multi-unit overhaul that began on Saturday, said sources familiar with plant operations.

A U.S. appeals court in California on Thursday declined to suspend a lower court's ruling that canceled a national environmental permit, in a decision likely to delay pipeline projects, including the Keystone XL oil pipeline.

Oil futures rose about 2% on Thursday as a steady improvement in U.S. refining activity offset a surprise build in crude and diesel inventories and on worries that China's new Hong Kong security law could result in trade sanctions.

Global diamond giant, De Beers is working with Botswana's government to temporarily move viewings to places closer to international diamond centres, with sales still recorded in the country, to try to restart trading hit by coronavirus travel restrictions.

Albemarle Corp said on Thursday it wants to take control of Australia's Greenbushes, the world's largest lithium mine, signaling it intends to block any rival from buying Tianqi Lithium Corp's controlling stake.

The Trump administration is giving solar and wind energy projects more time to qualify for generous federal tax credits, delivering a reprieve to renewable energy developers struggling with delays caused by the novel coronavirus pandemic.

Workers represented by the United Steelworkers union (USW) at Exxon Mobil Corp’s Baytown, Texas, refinery ratified a new three-year contract on Tuesday night, a company spokesman said.

Republicans in the U.S. House of Representatives plan to introduce legislation on Thursday to bolster domestic mining and processing of minerals used in high-tech equipment, a sector currently dominated by China.

The president of a special board created by the Venezuelan congress to oversee PDVSA's foreign assets believes the company's most important unit, Citgo Petroleum, has strong legal protection from creditors and the state-run company can yet recover a stake it had in another...

Shallow water in Argentina's Parana River will slow exports and hurt the country's soy crushing margins at least through September, officials said, as more cargo ships are needed to carry the same amount of commodities.

Canada-based oil refinery operator Irving Oil said on Thursday it has agreed to buy North Atlantic Refining Corp, the owner of the Come-by-Chance refinery in Newfoundland.

Glencore on Thursday defended its climate policy from activists who want targets set for the use of its products, with Chairman Tony Hayward saying the miner's current plan will cut greenhouse gas emissions.

Gold trading banks are preparing to significantly reduce their positions on CME Group's Comex exchange in New York, nine people familiar with the plans said, shifting more trading to London and raising costs for thousands of investors.

Oil pipeline monopoly Transneft <TRNF_p.MM> expects its turnover to decline by 10%, in line with Russia's oil production cuts, company boss Nikolai Tokarev told Russian President Vladimir Putin on Thursday.

ArcelorMittal resumed output at its Bosnia steel plant on Thursday after a 10-day stoppage due to a drop in demand caused by the coronavirus crisis, its spokesperson told Reuters.

Russian diamond producer Alrosa expects its sales for May to total tens of million dollars, down sharply from May 2019 but up from April 2020, when its diamonds sales were worth $16 million, its chief executive told Reuters.