Uncategorized

May 13, 2020

Iran Leverages Oil to Court Other U.S. Rivals During Pandemic

Isolated in the midst of a global pandemic, Iran is using its sanctioned oil and energy expertise to garner favor and financial gain from two other […]
May 13, 2020
graph-prices

Aramco’s profit falls sharply, underscoring the twin impact of an oil-price rout and the coronavirus on Saudi Arabia’s worsening finances

DUBAI—Saudi Aramco said its first-quarter profit fell and it would cut spending this year, underscoring the twin impact of an oil-price rout and the coronavirus pandemic […]
May 18, 2020
drilling-rig

‘Stealth Bailout’ Shovels Millions of Dollars to Oil Companies

As it headed toward bankruptcy, Diamond Offshore Drilling Inc. took advantage of a little-noticed provision in the stimulus bill Congress passed in March to get a […]
May 22, 2020
Global Oil

Venezuela to escort Iranian tankers bringing needed fuel

CARACAS, Venezuela (AP) — Venezuela’s defense minister said Wednesday that planes and ships from the nation’s armed forces will escort Iranian tankers arriving with fuel to […]