The United States has extended a general license through November 15, allowing certain transactions with Venezuelan state oil company PDVSA that are necessary for wind-down operations, according to a notice from the U.S. Treasury Department. The extension covers key players in the industry,

The United States has extended a general license through November 15, allowing certain transactions with Venezuelan state oil company PDVSA that are necessary for wind-down operations, according to a notice from the U.S. Treasury Department. The extension covers key players in the industry,

The most severe solar storm in nearly two decades could disrupt electric power grids, navigation, radio, and satellite operations on Friday and Saturday, NOAA’s Space Weather Prediction Center (SWPC) said in a warning today, in the first such severe solar storm advisory since 2005. SWPC, a division

Higher Saudi crude prices and weakened refining margins will see Chinese refiners lift lower volumes of oil from the world’s top oil exporter in June compared to May, sources familiar with the plans told Reuters on Friday. This month, China is set to buy a total of 45 million barrels of Saudi

The United States wants to force a gradual shift in Iran’s “decision-making calculus” by signing a defense deal with Saudi Arabia and securing the normalization of relations between Riyadh and Israel. “We continue to work with allies and partners to enhance their capabilities to deter and counter