Venezuela’s oil exports sank in June to 77-year low: data

posted in: News, World News

(Reuters) – Venezuela’s oil exports slumped in June to their lowest level since 1943 after half a dozen tankers, looking to avoid the threat of U.S. sanctions, sailed away from the nation’s waters without loading, according to vessel-tracking data. The … Read More

Oil mostly flat as rising US output offsets Opec worries

posted in: Middle East, News

[NEW YORK] Oil prices were little changed on Monday, trading near their highest since May 2015, as political concerns in some Opec nations offset projections for higher US oil production. “Oil prices are finely balanced in today’s trading session. Ongoing … Read More