Business Dec 29, 2019

Protesters shut down Iraq's Nassiriya oil field

Protesters broke into Iraq's southern Nassiriya oil field on Saturday and forced employees to cut off electricity from its control station, taking the field offline until further notice, a security source and two oil sources said. The oil field produces 90,000 barrels a day of ...

Trump approves sanctions over Russia-Europe gas pipeline

World Dec 21, 2019

Trump approves sanctions over Russia-Europe gas pipeline

President Donald Trump on Friday signed off on U.S. sanctions against companies building a Russian natural gas pipeline to Germany that Congress fears will give the Kremlin dangerous leverage over European allies. The sanctions, which are opposed by the European Union, were included in a ...

OPEC agrees to cut oil output from Jan. 1

Business Dec 7, 2019

OPEC agrees to cut oil output from Jan. 1

The powerful OPEC group of oil producers and its allies reached a deal Friday to cut production by 500,000 barrels per day in a bid to stem prices, which have been under pressure from abundant reserves and weak global economic growth. Friday's so-called OPEC+ meeting ...