CDTY

Chevron can resume a key role in Venezuela's oil production and exports

Chevron can resume a key role in Venezuela’s oil production and exports

WASHINGTON/HOUSTON, Nov 26 (Reuters) – Chevron Corp on Saturday received a U.S. license allowing the second-biggest U.S. oil company to expand production in Venezuela and ship crude oil from the South American country to the United States . The ruling grants broader rights to the last major US oil company still operating in US-sanctioned Venezuela. …

Chevron can resume a key role in Venezuela’s oil production and exports Read More »

Ukraine and partners launch $150m grain export plan to help vulnerable countries

Ukraine and partners launch $150m grain export plan to help vulnerable countries

International leaders attend the summit in person The summit coincides with the Stalin-era famine memorial The initiative adds to the UN export plan KYIV, Nov 26 (Reuters) – Ukrainian President Volodymyr Zelenskiy held a summit with allied nations in Kyiv on Saturday to launch a plan to export $150 million of grain to countries most …

Ukraine and partners launch $150m grain export plan to help vulnerable countries Read More »

Qatar signs 27-year deal with China as LNG competition intensifies

Qatar signs 27-year deal with China as LNG competition intensifies

Kaabi says discussions with other Chinese and European buyers are ongoing Says buyers can take up to 5% stake in expansion Agreement indicates importance of long-term secure supply DOHA, Nov 21 (Reuters) – QatarEnergy has signed a 27-year deal to supply China’s Sinopec with liquefied natural gas (LNG), the longest such LNG deal so far, …

Qatar signs 27-year deal with China as LNG competition intensifies Read More »

Europe rushes to fill up on Russian diesel before ban begins

Europe rushes to fill up on Russian diesel before ban begins

LONDON, Nov 21 (Reuters) – European traders are racing to fill tanks in the region with Russian diesel ahead of the start of an EU ban in February as alternative sources remain limited. The European Union will ban imports of Russian petroleum products, on which it depends heavily for its diesel, by February 5. This …

Europe rushes to fill up on Russian diesel before ban begins Read More »

Global stocks gain on hopes recession warning will force Fed's hand

Global stocks gain on hopes recession warning will force Fed’s hand

Stocks rise as investors assess Fed rate moves in 2023 Treasury yields rise on tougher talks with the Fed Treasury Yield Curve Inversions Point to Recession Oil slides on rate hike, Chinese growth concerns NEW YORK/LONDON, Nov 18 (Reuters) – Global stocks edged higher and a key part of the Treasury yield curve inverted further …

Global stocks gain on hopes recession warning will force Fed’s hand Read More »

Oil slides 2%, posts second weekly decline as supply fears fade

Oil slides 2%, posts second weekly decline as supply fears fade

Market structures suggest easing supply concerns Brent and WTI post their second consecutive weekly losses Fed interest rate signals dampen sentiment Chinese demand and COVID cases in brief NEW YORK, Nov 18 (Reuters) – Oil fell about 2% on Friday, posting a second weekly decline, on concerns over weakening demand in China and further U.S. …

Oil slides 2%, posts second weekly decline as supply fears fade Read More »