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

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

EXCLUSIVE Schlumberger faces employee backlash in Russia over draft cooperation

Oct 14 (Reuters) – Some of oilfield service firm Schlumberger’s (SLB.N) more than 9,000 Russian employees have begun receiving military draft notices through work, and the company is not authorizing remote employment to escape mobilization, according to people familiar with the matter and internal documents. Schlumberger’s cooperation with authorities by delivering the military call-ups and … Read more

Putin blames Europe for energy crisis as price cap divides EU

Putin says Russia not to blame for high energy prices EU energy ministers fail to agree on gas price cap Oil pipe leak in Poland seen as accident Britain acts to curb gains of low-carbon producers PRAGUE/WARSAW, Oct 12 (Reuters) – Russia’s president said Europe was to blame for its energy crisis with policies that … Read more

OPEC+ oil output cut shows widening rift between Biden and Saudi royals

WASHINGTON/LONDON, Oct 8 (Reuters) – The OPEC+ organization’s decision this week to cut oil production despite stiff US opposition has further strained already tense relations between President Joe Biden’s White House and Saudi Arabia’s royal family, once one of Washington’s staunchest Middle East allies , according to interviews with about a dozen government officials and … Read more

Iran arrests Europeans accused of role in unrest

Death of woman in morality police custody kindled protests Widening revolt against clerical establishment Iran blames hostile West for stoking unrest Official says 19 killed during attack on police station DUBAI, Sept 30 (Reuters) – Iran, which has blamed “foreign enemies” for protests that swept the country after the death of a woman in morality … Read more

Sri Lanka’s ousted president says he ‘took all possible steps’ to prevent crisis

Gotabaya Rajapaksa resigned as president after uprising His resignation letter is read out in parliament Rajapaksa says he did all he could to avert crisis COLOMBO, July 16 (Reuters) – Sri Lanka’s ousted president, who fled overseas this week to escape a popular uprising against his government, has said he took “all possible steps” to … Read more

EXCLUSIVE Saudi Arabia doubles Q2 Russian fuel oil imports for power generation

People walk near power plant number 10 at Saudi Electricity Company’s Central Operation Area, south of Riyadh, April 27, 2012. REUTERS Register now for FREE unlimited access to Reuters.com Register This includes content produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. Kingdom burns Russian fuel to free up crude … Read more