Cash-strapped Philadelphia oil refiner PES freezes bonuses: sources  ReutersPhiladelphia Energy Solutions (PES) suspended annual bonuses to employees last week, according to three sources familiar with the company's moves, in the ... Read more ht …

Uganda to launch second oil licensing round in May  S&P Global PlattsUganda plans to launch a second competitive bidding round for exploration licenses in the Albertine Graben area where over 6.5 billion barrels of oil resources ... Read more htt …

ReutersTexas flood: US oil exports pour into markets worldwideReutersSeparately, China's state-owned chemical and oil conglomerate Sinochem Group plans to open a trading office in Houston later this year to source U.S. crude for China's independent …