NEWSWORTHY
Abide by the claw: Ruling tightens Norway's rights on Arctic snow crab and boosts its claim to oil
A court delivered a painful nip to European Union fishermen on Thursday by tightening Norway's grip on snow crab catches in the Arctic, a ruling that may also let Oslo claw more control of oil and gas from other nations. Fishermen from the European Union ...
Guaido seeks to wrest control of Venezuela's oil firm and oversee its Houston subsidiary Citgo
Venezuela's opposition-controlled National Assembly appointed a transitional board of directors for the state oil company Wednesday, in a bid by congress chief Juan Guaido to gain control of an industry that is the economic backbone of the country. Guaido, who declared himself interim president of ...
Trump squeezes Texas refineries with Venezuela sanctions amid Keystone pipeline impasse
U.S. refiners are eager to buy Canadian heavy crude to replace supplies they had been importing from Venezuela that are now blocked by Trump administration sanctions. But there's not enough space on pipelines and trains to get it across the border. TransCanada Corp.'s proposed Keystone XL ...
Russia's economy expanded 2.3 percent last year, growing more quickly than the government and the IMF had predicted, according to state statistics published Monday. Russia's growth rate accelerated from 1.6 percent in 2017 and exceeded the economy ministry's prediction of 1.8 percent as well as ...
Trump slaps sanctions on Venezuela state-owned oil company PDVSA to press Maduro to cede power
The Trump administration imposed sanctions Monday on the state-owned oil company of Venezuela, a potentially critical economic move aimed at increasing pressure on President Nicolas Maduro to cede power to the opposition. National security adviser John Bolton and Treasury Secretary Steven Mnuchin announced the measures ...
Presidential standoff seen threatening to worsen Venezuelans' woes, stifling oil output
The U.S. recognition of opposition leader Juan Guaido as Venezuela's interim president is being touted by the Trump administration as the only way to restore the country's democracy. But as Elizabeth Pineda was stocking up on staples Sunday at a sidewalk market near a ...
Trump rollbacks for fossil fuel industries carry steep, deadly cost
As the Trump administration rolls back environmental and safety rules for the energy sector, government projections show billions of dollars in savings reaped by companies will come at a steep cost: more premature deaths and illnesses from air pollution, a jump in climate-warming emissions ...
Showa Shell resumes oil imports from Iran after U.S. sanctions waiver
Major crude oil wholesaler Showa Shell Sekiyu K.K. has resumed imports of Iranian oil after Tokyo received a temporary waiver in November from reinstated U.S. sanctions, an industry source said Tuesday. Japan and seven other economies were granted a 180-day waiver from the oil import ...
Deadly Mexican fuel blast poses president's biggest test yet
A pipeline explosion north of Mexico City that killed at least 73 people has confronted President Andres Manuel Lopez Obrador with the biggest crisis since he took office pledging to crack down on graft and fuel theft. Petroleos Mexicanos said its specialists and local officials ...
U.S. top court rules Exxon must hand over papers to aid probe into what it knew about climate change
The U.S. Supreme Court on Monday cleared the way for Massachusetts' attorney general to obtain records from Exxon Mobil Corp. to probe whether the oil company for decades concealed its knowledge of the role fossil fuels play in climate change. The justices declined to hear ...
U.S.-China trade war, demand slump taking toll on global manufacturing
Factory activity weakened across much of Europe and Asia in December as the U.S.-led trade war and a slowdown in demand hit production in many economies, offering little reason for optimism as the new year begins. A series of purchasing managers' indexes for December released ...
Humming U.S. factories end 2018 on sour note as five Fed indexes slip, Trump trade worries surge
Five Federal Reserve indexes of regional manufacturing all slumped in December, the first time they've fallen in unison since May 2016 and the latest evidence that a pillar of the U.S. economy has started to wobble heading into next year. The Dallas Fed's factory index ...
