Exxon Mobil Corp has restored crude output at its nascent project off Guyana's coast after addressing problems with gas reinjection equipment, the South American country's environmental regulator said on Friday.

Global agribusiness Archer Daniels Midland Co said on Friday that an oilseed crushing and refining plant in southern England has been evacuated and shut down following an explosion.

Brazil iron ore miner Vale SA <VALE3.SA> said on Friday in a securities filing that its Canadian subsidiary had reached an agreement to sell a 20% stake in the nickel producer PT Vale Indonesia to state-controlled PT Indonesia Asahan (Inalum).

Oil prices are no longer particularly cheap by historical standards.

Nord Stream 2 (NS2), the company for building a transport link for Russian gas into Germany under the Baltic Sea, on Friday said a departing top manager had already been replaced, allowing progress of the project.

The chief of Malaysian energy giant Petronas quit this month after disagreement with the prime minister over giving more oil money to one of the country's states run by a government ally, sources close to the government and the company said.

The head of Russia's sovereign wealth fund Kirill Dmitriev sees no point in extending strict global oil output cuts as world economies and oil demand recovers from the depths of the coronavirus crisis, he told the RBC Daily newspaper.

The United States on Thursday blacklisted Mexico's Libre Abordo and a related company, accusing them of helping Caracas evade U.S. sanctions in the first formal action by the U.S. Treasury Department against Mexican firms involved in trading Venezuelan oil.

China's marine fuel futures contract that debuts on Monday on the Shanghai International Energy Exchange (INE) is likely to attract strong interest, despite weakened ship fuel demand amid the coronavirus pandemic, industry participants said.

Rio Tinto on Friday launched a board-led review into how the miner destroyed two ancient and sacred Aboriginal caves in Western Australia, stepping up its response to the blasts after weeks of public criticism and shareholder dismay.

Chesapeake Energy Corp, the shale pioneer widely anticipated to seek bankruptcy protection, said on Thursday it had skipped an interest payment due June 15 on some of its notes and its capacity to borrow money was slashed by lenders.

The U.S. Environmental Protection Agency has received 52 new petitions for retroactive biofuel blending waivers that, if granted, would help bring oil refiners into compliance with a court ruling this year, EPA data showed on Thursday.

(This June 11 story corrects to say demand for food will rise by 70%, not palm oil demand for food, in paragraph four)

Venezuela's opposition has asked a U.S. court to delay Canadian miner Crystallex' plan to seize and sell shares in U.S. oil refiner Citgo [PDVSAC.UL], a subsidiary of Venezuelan state oil company Petroleos de Venezuela [PDVSA.UL].

Motiva Enterprises [MOTIV.UL] restarted production on the gasoline-producing fluidic catalytic cracker (FCC) on Thursday at its 607,000-barrel-per-day (bpd) Port Arthur, Texas, refinery, said sources familiar with plant operations.

Ovintiv Inc said on Thursday it laid off 25% of its total workforce this month as the oil and gas producer grapples with plunging fuel demand and lower prices due to the COVID-19 crisis.

Barrick Gold on Thursday said there is "absolutely no truth" in a news release circulated on social media in Zambia claiming the gold miner sold its Lumwana copper mine.

Mexico's Libre Abordo will ask lawyers to evaluate a decision made earlier on Thursday by the U.S. Treasury Department, which sanctioned the firm and a related company, Schlager Business Group, for trading millions of barrels of Venezuelan oil.

A British barrister is asking the United Nations Special Rapporteur to intervene with coal miner Cerrejon on behalf of Wayuu indigenous people in Colombia allegedly suffering damage to their health amid the coronavirus pandemic.

Oil prices rose slightly on Thursday as a panel of OPEC and its allies met to review record oil supply cuts, even as the market remained concerned about additional coronavirus cases reported in parts of the United States and China.