TRNSPT

Analysis: Russia's G7 oil price ceiling moves from revenue squeeze to market anchor

Analysis: Russia’s G7 oil price ceiling moves from revenue squeeze to market anchor

Leave a Comment / Markets / By

WASHINGTON, Dec 6 (Reuters) – When U.S. officials first floated the idea of ​​capping Russian oil export prices in response to a planned European embargo in March, they pledged to cut revenue of the Russian war machine, while avoiding a devastating spike in oil prices. But keeping Russian oil on the market and global prices …

Analysis: Russia’s G7 oil price ceiling moves from revenue squeeze to market anchor Read More »

Chevron can resume a key role in Venezuela's oil production and exports

Chevron can resume a key role in Venezuela’s oil production and exports

Leave a Comment / Economy / By

WASHINGTON/HOUSTON, Nov 26 (Reuters) – Chevron Corp on Saturday received a U.S. license allowing the second-biggest U.S. oil company to expand production in Venezuela and ship crude oil from the South American country to the United States . The ruling grants broader rights to the last major US oil company still operating in US-sanctioned Venezuela. …

Chevron can resume a key role in Venezuela’s oil production and exports Read More »