No Picture
Business News

Oil moves higher, hovers below $40 as doubts emerge over next step on OPEC cuts

Oil ended slightly higher on Wednesday but remained below the session’s early highs above $40 a barrel, the highest since March, retreating as doubts emerged about the timing and scale of a potential extension to the pact between OPEC and its allies to cut crude supplies.

…read more […]

No Picture
Business News

U.S. senators to announce sanctions bill on Russia's Nord Stream 2 gas pipeline

Five U.S. senators are to announce legislation on Wednesday to expand sanctions on Russia’s Nord Stream 2, a natural gas pipeline that would increase exports to Germany but is opposed by many in Washington who say it would tighten Moscow’s political and economic grip on Europe.

…read more […]

No Picture
Business News

Exclusive: Ex-Enron CEO Skilling launching new digital marketplace for oil investors - sources

Former Enron CEO Jeffrey Skilling, released last year after a 14-year prison term stemming from the energy firm’s collapse, is raising funds to launch a digital marketplace catering to professional oil and gas investors, according to four people familiar with the matter.

…read more […]