Oil output cuts on the table ahead of Russia sanctions

OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy. Bloomberg | Bloomberg | Getty Images OPEC and non-OPEC oil producers could impose deeper oil output cuts on Sunday, energy analysts said, as the influential energy alliance weighs the … Read more

Brexit Britain trapped in the middle as US and EU go to war on trade – POLITICO

Press play to listen to this article Voiced by artificial intelligence. LONDON — Three years after leaving the EU to chart its own course, Britain finds itself caught between two economic behemoths in a brewing transatlantic trade war. In one corner sits the United States, whose Congress in August passed the Biden administration’s much-vaunted $369 … Read more

Get Ukraine more weapons now, urge European ministers in Kyiv – POLITICO

KYIV — It’s all about the weapons — and we’ll do everything to get them to Kyiv. That was the message from Nordic and Baltic ministers who arrived in the snow-covered Ukrainian capital on Monday morning. The group — which includes foreign ministers from Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden — represents the … Read more

Chevron awaits Venezuelan oil cargoes, but PDVSA wants payments

HOUSTON, Nov 28 (Reuters) – Chevron Corp (CVX.N) aims to start receiving cargoes of Venezuelan oil as early as December after the oil company last week received a US license to do so, but Caracas may not be as eager because US sanctions restrict payments, people familiar with the matter said. The United States on … Read more

Welders wanted: France steps up recruitment drive as nuclear crisis deepens

PARIS, Nov 29 (Reuters) – French power giant EDF ( EDF.PA ) is looking to recruit a new generation of welders, pipe-fitters and boiler makers to fix its aging nuclear reactors and build more of them, as Europe’s energy crisis rekindles the allure of atomic power. The problem is that in France such skilled workers … Read more

Crude oil prices erased most of their 2022 gains and could head lower

Tom Kaye of Plymouth, Pennsylvania tops off his neighbor’s gas tank for them at a gas station in Wilkes-Barre, Pennsylvania, US October 19, 2022. Aimee Dilger | Reuters Oil prices are defying expectations and are barely higher on the year, as the outlook for oil demand continues to deteriorate for now. West Texas Intermediate crude … Read more

Chevron can resume key role in Venezuela’s oil output, exports

WASHINGTON/HOUSTON, Nov 26 (Reuters) – Chevron Corp on Saturday received a US license allowing the second-largest US oil company to expand its production in Venezuela and bring the South American country’s crude oil to the United States. The decision grants broader rights for the last big US oil company still operating in US-sanctioned Venezuela. However, … Read more

US prepared to authorize Chevron to boost Venezuela’s oil output

US ready to allow oil giant to produce, sell Venezuelan oil Chevron is owed billions in unpaid debts by state-run PDVSA US aims to shift Venezuelan oil sales from shadow firms HOUSTON, Nov 23 (Reuters) – Chevron Corp could soon win US approval to expand operations in Venezuela and resume trading its oil once the … Read more

Last minute objections threaten historic UN climate deal

A last-minute fight over emissions-cutting and the overall climate change goal is delaying a potentially historic deal that would create a fund for compensating poor nations that are victims of extreme weather worsened by rich countries’ carbon pollution. “We are extremely on overtime. There were some good spirits earlier today. I think more people are … Read more

US moves to shield Saudi Crown Prince Mohammed bin Salman in Khashoggi killing

Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman arrives for the G-20 leaders’ summit in Bali, Indonesia on Nov. 15, 2022. Kevin Lamarque | AFP | Getty Images The Biden administration declared Thursday that the high office held by Saudi Arabia’s crown prince should shield him from lawsuits for his role in the … Read more