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

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

Hey Putin, where you gonna run to? – POLITICAL

With his brutal invasion of Ukraine, Russian President Vladimir Putin has made himself and his henchmen vulnerable to prosecution for war crimes — and they know it. If you listen to speeches, press conferences and media appearances by Russian pundits and political figures, you’ll hear an undercurrent of fear about ending up at a “tribunal” … Read more

Hey Putin, where you gonna run to? – POLITICAL

With his brutal invasion of Ukraine, Russian President Vladimir Putin has made himself and his henchmen vulnerable to prosecution for war crimes — and they know it. If you listen to speeches, press conferences and media appearances by Russian pundits and political figures, you’ll hear an undercurrent of fear about ending up at a “tribunal” … Read more

Russia will lose the energy war Putin started – POLITICO

Agathe Demarais is the global forecasting director at the Economist Intelligence Unit. Her new book on the effects of US sanctions, “Backfire,” will be released next week. Russia has turned energy supply into an economic weapon. The strategy is obvious in Ukraine, where Russian drones and missiles are bombing power plants. But it’s also evident … Read more

African nations tell COP27 fossil fuels will tackle poverty

African countries say rich world has yet to shift to renewables Say need to end fuel poverty Energy crisis linked to Ukraine war has shifted priorities SHARM EL-SHEIK, Nov 10 (Reuters) – African nations must be allowed to develop fossil fuel resources to help lift their people out of poverty, governments said at the COP27 … Read more

Lula’s honeymoon with Brazil markets ends amid spending plan fears

BRASILIA, Nov 10 (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva’s brief honeymoon with financial markets looked finished on Thursday, as he pushed for more room to grow social spending without setting long-term fiscal rules or naming his top economic policymakers . Brazil’s currency and benchmark Bovespa stock index (.BVSP), which rose last week … Read more

COP27: Polluters must pay for climate change, poor nations tell rich

Island nations call for global carbon tax ‘While they are profiting, the planet is burning’ Fears grow for jailed hunger strikers in Egypt SHARM EL-SHEIKH, Egypt, Nov 8 (Reuters) – Leaders from poor countries criticized wealthy governments and oil companies for driving global warming, using their speeches on Tuesday at the COP27 climate summit in … Read more

How Effectively Can Russia Bypass The G7’s New Oil Price Cap?

The imposition of a price cap on oil from Russia – being finalized last week by senior officials from the G7 governments in Washington – is an even trickier matter in the current oil market and geopolitical circumstances than it usually is. The unofficial oil price range of US$40-75 per barrel of Brent (pb) in … Read more