Venezuela’s cash-strapped government stopped paying its foreign debt months ago. But a unit of Goldman Sachs GS 1.71% Group Inc. recently received payments of tens of millions of dollars for Continue Reading
Venezuela’s National Constituent Assembly has finally given the go-ahead to the country’s oil-backed cryptocurrency, El Petro, after the parliament declared it unconstitutional. According to a statement by Vice President Tareck Continue Reading
In the hinterlands of eastern Uttar Pradesh and Bihar in the Indian heartland, there are few reasons for optimism. Trains wind their way across the plains at speeds barely improved Continue Reading
Trade tensions between the United States and China are likely to have an adverse impact on global growth even if the threatened tariffs are never imposed. The conflict between the Continue Reading
The American Petroleum Institute (API) reported a surprise build of 1.758 million barrels of United States crude oil inventories for the week ending April 6, after analysts had anticipated a Continue Reading
Devon Energy Corp said on Tuesday it would lay off 300 workers, roughly 9 percent of staff, part of a plan to streamline operations and boost the shale oil producer’s Continue Reading
A rift between two Canadian provinces is threatening to derail a pipeline expansion that would nearly triple the amount of crude flowing from this town in northeastern Alberta, most of Continue Reading
Forecast Highlights Global Liquid Fuels For the 2018 April–September summer driving season, EIA forecasts U.S. regular gasoline retail prices to average $2.74/gallon (gal), up from an average of $2.41/gal last Continue Reading
The volume of oil sitting in 300 steel tanks in a nine-square-mile radius in Cushing, Oklahoma has long been a key barometer for the health of U.S. crude supply and Continue Reading
French oil major Total said it had bought several assets in the Gulf of Mexico for around $300 million, as part of the Cobalt International Energy company’s bankruptcy auction sale. Continue Reading
