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

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