Tag: Oil
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US eases Venezuela oil sanctions as Trump seeks to boost world oil supply during Iran war
U.S. companies will be allowed to do business with Venezuela’s state-owned oil and gas company after the Treasury Department eased sanctions, with some limitations, yesterday [Macau ... -
Asian shares advance and oil slips back despite a barrage of attacks by Iran
Asia shares advanced yesterday, with benchmarks in Japan and South Korea jumping as oil prices fell back slightly despite a barrage of attacks by Iran on ... -
World shares mostly gain, as Tokyo’s Nikkei hits a record high, and oil prices climb
World shares advanced yesterday, with Tokyo’s benchmark setting another record, while U.S. futures edged lower. The prices of oil and precious metals also climbed. Tokyo’s Nikkei ... -
Gaza has oil markets on edge, more urgency to shift to renewables, IEA head says
Tensions from the war in Gaza could help accelerate the move away from planet-warming fossil fuels like oil and gas and toward renewable energy, electric cars ... -
Saudi Arabian giant Aramco reports $30B in Q2 profits, down nearly 40%
Saudi state-run oil giant Aramco said yesterday that it made $30 billion in profit in the second quarter, a nearly 40% decline from the same period ... -
Dangers of big oil spending cuts are visible in Angola’s slump
The decline of Angola, from being Africa’s top crude producer five years ago to barely pumping more than war-torn Libya today, shows the heavy toll of ...
