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Phillips 66 (NYSE: PSX) reported lower-than-forecast profits for the first quarter of the year, as refining margins halved from the year-ago period and refinery maintenance affected product sales. The U.S. refiner reported on Friday first-quarter earnings of $748 million, down from $1.3 billion for

ExxonMobil (NYSE: XOM) reported on Friday underwhelming earnings for the first quarter that were lower than consensus estimates, due to declining natural gas prices and refining margins and non-cash adjustments. The U.S. supermajor booked first-quarter earnings of $8.2 billion, down from $11.4

June West Texas Intermediate (WTI) crude oil futures have experienced significant volatility this week, ultimately poised to close higher following a late-week recovery. This recovery was significantly influenced by positive economic remarks from U.S. Treasury Secretary Janet Yellen, which

Europe is on edge, more so now that the U.S. has approved a $61-billion aid package to Ukraine after much stalling. The spy dens of the Cold War are back in operation, and the propaganda machines are running in full force, far beyond anything the Cold War could have produced and spread. Germany has

Heat pumps are hotting up as governments worldwide search for alternatives to gas boilers. They can both warm and cool buildings and are powered by electricity, rather than fossil fuels, helping to decarbonise homes and offices. Governments worldwide are beginning to invest heavily in the