Bloomberg Exxon Mobil Corp was expected to announce board changes, and talks were continuing with investor DE Shaw & Co that might lead to additional director nominations in the weeks ahead, according to people familiar with the matter. DE Shaw met with representatives from the oil giant and presented a list of potential directors, the people said, asking not to ...

Bloomberg China’s crude stockpiles fell to the lowest level in almost a year amid a global drawdown in inventories that’s being driven by a tighter supply-demand balance and higher costs to hoard oil. Inventories capped a seventh weekly decline last week, dropping to 990 million barrels, according to market intelligence firm Kayrros. While that’s the least since February 2020, stockpiles ...

It took all of 15 seconds for Vice President Kamala Harris to render mostly irrelevant a data release that has long been considered one of the most important in the world. The latest read on the US labour market was disappointing, with nonfarm payrolls increasing by just 49,000 in January, falling short of the median estimate of a 105,000 gain ...