Special Report: Oil output goes AWOL in Venezuela as soldiers run PDVSA
Last July 6, Major General Manuel Quevedo joined his wife, a Catholic priest and a gathering of oil workers in prayer in a conference room at the headquarters of Petroleos de Venezuela SA, or PDVSA.
Iran says private exporters had no problem selling its oil
Iran said on Wednesday private exporters have had “no problems” selling Iranian oil, and 3 million barrels of crude could be sold soon to non-government traders, state media reported, despite U.S. sanctions targeting Tehran’s oil sales.
Stock futures higher after four sessions of sharp declines
U.S. stock futures rose on Wednesday, indicating a slight respite after punishing few sessions that have pushed the S&P 500 near bear market territory on worries over slowing growth and the recent drama in the White House.
Buying and holding volatility usually hurts; then came 2018
The big uptick in stock market gyrations this year has made a surprise winner out of a trade that has rarely delivered a win – buying and holding volatility.
Oil rises to $51 after steep slide; growth fears weigh
Oil rose to around $51 a barrel on Wednesday on perceptions that a price slide to 2017 lows prompted by economic worries had been overdone amid an OPEC-led effort to tighten supply.
German industry views Brexit, Trump as biggest risks to economy
Germany’s leading industry groups said on Wednesday that Britain’s departure from the European Union and trade disputes triggered by U.S. President Donald Trump’s ‘America First’ policies were posing the biggest risks to growth and prosperity.
Former Sinochem chief sentenced to 12 years for graft – state media
A Chinese court sentenced the former general manager of Sinochem Group to 12 years in prison, state TV reported on Wednesday.
Former Sinochem manager sentenced to 12 years for graft: state media
A Chinese court sentenced the former general manager of Sinochem Group to 12 years in prison, state TV reported on Wednesday.
Private buyers of Iran crude had no problems exporting it: oil minister
Private buyers of Iranian crude have had “no problems” exporting it, Iran’s oil minister was quoted as saying on Wednesday by state news agency IRNA, despite U.S. sanctions targeting Iran’s oil exports.
U.S. oil edges up after tumbling to lowest since June 2017 on economy fears
Oil prices were mixed on Wednesday as the U.S. benchmark rebounded from steep losses in the previous session, even though concern over the health of the global economy continued to overshadow the market.
