The licence comes with stringent conditions prohibiting any transfer of oil proceeds to the Venezuelan administration.

By Colleen Howe BEIJING (Reuters) -Chinese producers of polysilicon, a building block for solar panels, are in talks to ...

NNPC insists Port Harcourt refinery will not be sold, vows total rehabilitation and deeper technical partnerships.

Chevron has been granted a restricted U.S. license to operate in sanctioned Venezuela, three sources close to the decision ...

Chevron has been granted a restricted U.S. license to operate in sanctioned Venezuela, three sources close to the decision ...

Chevron has received a restricted U.S. license allowing operations in Venezuela, with conditions preventing oil proceeds from ...

BP p.l.c. downgraded to Hold as weak refining margins, well-supplied energy markets, and limited growth prospects weigh on ...

Things are looking up for tankers as earnings season kicks into gear. Global seaborne crude exports hit 47.2m barrels per day ...

Kuwait's oil minister said he was optimistic about the oil market's fundamentals and that OPEC+ efforts aim for market ...

The move aims to help stabilize the economy and allow the country to reclaim control over its production strategy. Highlights: ● Angola launched TotalEnergies-led Begonia and CLOV Phase 3, adding ...

Despite deep cuts to oil output since late 2022, energy prices have largely stayed subdued as heightened geopolitical tensions and U.S. trade uncertainties have affected oil demand, hurting the ...

An OPEC+ panel on Monday stressed the need for full compliance with oil production agreements, ahead of Sunday's separate ...