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Crude Oil

NEWS

US won’t govern Venezuela but will press for changes through blockade

Digital Desk -
US secretary of state Marco Rubio has suggested Washington will not take a day-to-day role in governing Venezuela other than enforcing an existing “oil...
BUSINESS

Saudi oil giant Aramco posts 121 billion US dollar profit, down from 2022 record

Digital Desk -
Saudi oil giant Aramco has reported a 121 billion US dollar (£94 billion) profit for last year, down from its 2022 record due to...
EUROPE

Poland repairs oil pipeline leak and says pumping will resume

Digital Desk -
The Polish operator of an oil pipeline said that it was repairing damage that caused a leak earlier this week to the main source...
MARKETS

Quitting Russian oil by late summer ‘realistic’, says Germany

Digital Desk -
Germany has said it is making progress on weaning itself off Russian fossil fuels and expects to be fully independent of Russian crude oil...
BUSINESS

Saudi Arabia says another Opec cut possible in 2017

Digital Desk -
Saudi Arabia's energy minister has said that there is a chance of another production cut from Opec countries this year. Speaking at the World Economic...
BUSINESS

Oil price hike sees energy firms help push up US stocks

Digital Desk -
US stocks edged higher overnight as energy companies climbed with the price of oil. Stocks had opened lower but gradually recovered to finish at their...
BUSINESS

Oil price fall hits London shares

Digital Desk -
The London market opened on the back foot weighed by miners and a drop in the oil price. The FTSE 100 Index fell 43.8 points...

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