US oil companies juggle Venezuelan opportunity and investor concerns ahead of White House Summit
U.S. Oil executives will weigh the business potential of Venezuela and the enthusiasm expressed by President Donald Trump against the cautious attitude expressed by their…
London Stocks Rise as Glencore Jumps on Rio Merger Talks
London shares edged up on Friday after two sessions of losses. Glencore gave a boost amid initial talks of a possible merger with Rio Tinto. This could?potentially create a world's biggest mining company.
European stocks reach record highs as Glencore leaps on Rio Tinto's interest
European shares reached a record high on Friday, boosted by an 8.3% increase in Glencore. This put the 'STOXX 600 index on course for its longest winning streak since last May.
European stocks gain as Glencore boosts STOXX600
European shares opened higher on Friday, helped by an 8% increase in Glencore. This put the STOXX 600 at its highest weekly winning streak since may. Gains reversed two…
Mega-deals in mining that created global giants
The companies have confirmed that they are in the early stages of talks with each other to purchase Glencore. This could result in the creation of the world's biggest mining company…
Trump has announced that he will be meeting with Venezuelan Machado in the next few days
Donald Trump, the U.S. president, announced on Thursday that Venezuelan leader Maria Corina Machado would be visiting Washington next week. In an interview with Fox News' "Hannity"…
Sources say that Chevron Vitol Trafigura are all competing to control Venezuelan oil imports.
Sources familiar with the situation say that Chevron, Vitol, Trafigura and other companies are competing to get deals from the U.S. Government to export crude oil from Venezuela.
Sources say that the Embassies of Venezuela are planning visits by American and European oil companies
Two sources said that foreign embassies in Venezuela are arranging visits next week with representatives of American and European oil firms. This follows the U.S. announcement…
Oil Prices Rise 2% Amidst Venezuela Conflict, Supply Concerns
Oil prices rose about 2% on Thursday after two days of declines as investors assessed developments in Venezuela and on worries about supplies from Russia, Iraq and Iran.Brent futures rose $1.21…
Vitol, Trafigura and the White House invited to Venezuelan oil discussions on Friday
Four sources familiar with the situation have confirmed that the U.S. administration of President Donald Trump has invited the heads of commodity trading companies Vitol…
World Economic Forum survey shows business will be tougher by 2025
A survey released by the World Economic Forum on Thursday showed that companies found it more difficult to do business in 2020 due to a decline in global cooperation in areas such as trade…
Sources: Vitol, Trafigura and US in talks on Venezuelan oil sales
Vitol, Trafigura and the Trump administration are in "talks" about marketing Venezuelan oil. European trading houses dominate the global oil trade and could assist the U.S.
FT reports that US oil companies need guarantees before investing in Venezuela.
The Financial Times reported that U.S. Oil Companies want "serious assurances" from Washington before making large?investments into Venezuela. President Donald Trump wants…
Exxon announces a decline in upstream profits for the fourth quarter
Exxon Mobil, the U.S. oil giant, said on Wednesday that lower crude?oil?prices may reduce its fourth-quarter?earnings? by $800 million to $1 billion. The price of oil fell…
Iraq nationalises West Qurna 2 Oilfield Operations, Government Says
Iraqi Cabinet has approved the nationalisation of petroleum operations in West Qurna 2 Oilfield, one?of the world's largest oilfields, according to the 'provisions' of a contract signed with Russia Lukoil.
EOG Resources: Higher Venezuelan output and oversupply are weighing down on shale oil prices
Ann Janssen, finance chief at EOG Resources, said that on Wednesday oversupply from Venezuela and possibly higher production are pushing down oil prices. This trend is likely…
Oil Edges Lower as US Reaches Import Deal with Venezuela
Oil extended declines on Wednesday as investors digested statements from President Donald Trump that the U.S. had reached a deal to import up to $2 billion worth of Venezuelan crude…
The European stock rally is stalled as traders evaluate the economic impact of Venezuela
After a string of record closings, European stocks were down?on Wednesday as investors took a break to digest the latest U.S. - Venezuela developments and awaited new economic data.
Palm oil futures are up on the back of gains in rival oils and ringgit weakness
Malaysian palm futures soared on Wednesday. This was largely due to a combination of a weaker ringgit and a surge in edible oils from rival markets in Dalian and Chicago.
The European stock rally is stalling as traders evaluate the economic impact of Venezuela
After a string of record-breaking?closes?, European stocks were subdued Wednesday as investors took time to digest recent U.S.?developments? between Venezuela and the United States.