LONDON (Reuters) – Oil prices rose on Monday, backed by tighter supplies and a series of data expected to show an economic recovery worldwide and despite an increase in coronavirus cases in the United States and other countries. FILE PHOTO: The sun sets behind a crude oil pump jack on …
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LONDON (Reuters) – BP (BP.L) agreed to sell its global petrochemicals business to billionaire Jim Ratcliffe’s Ineos for $ 5 billion, leaving a sector widely seen as a key driver of growth in oil demand in the coming decades. FILE PHOTO: A BP logo at a service station in London, …
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United States Secretary of State Mike Pompeo gives a press conference on the deals with China and Iran, and on the fight against the coronavirus disease pandemic (COVID-19), in Washington, USA. USA, June 24, 2020. Mangel Ngan / Pool via REUTERS WASHINGTON (Reuters) – The United States imposed sanctions on …
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MEXICO CITY / SINGAPORE (Reuters) – Oil tankers transporting nearly two months of Venezuelan oil production are trapped at sea as world refineries avoid the nation’s crude to avoid falling under U.S. sanctions, according to sources at the industry, PDVSA documents and shipping data. Washington is tightening sanctions to reduce …
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