Trump's Revenge: US Oil Floods Europe, Hurting OPEC, Russia
U.S. supplies to Europe set for all-time high in April; on course to overtake Russia, Saudi. As OPEC's efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits - and flooding Europe with a record amount of crude. Russia paired with the…
ConocoPhillips Sells Stake in JV with Rosneft, Exits Russia
U.S. oil and natural gas producer ConocoPhillips has sold its 50 percent stake in a joint venture with Russian state oil company Rosneft, a ConocoPhillips spokesman said. The exit from Russia comes about five years after ConocoPhillips sold its biggest sole asset in Russia, a stake in Lukoil, for $9.5 billion.
Yamani Legacy Haunts Oil Markets: Kemp
"All political lives, unless they are cut off in midstream at a happy juncture, end in failure, because that is the nature of politics and of human affairs," wrote British politician Enoch Powell. Saudi Arabia's veteran Oil Minister Ali al-Naimi may wonder if he is…
US Congress readies new sanctions on Russia
U.S. lawmakers were expected on Friday to approve new sanctions on Russian weapons companies and investors in the country's high-tech oil projects, putting more U.S. pressure on President Vladimir Putin for interference in eastern Ukraine. Late on Thursday, the Senate…
US Closer to Imposing More Sanctions on Russia
U.S. Secretary of State John Kerry suggested on Thursday that the United States is drawing closer to imposing more sanctions on Russia by saying time was running out for Moscow to change its course in Ukraine. "The window to change course is closing," he told reporters.
