Venezuela, Trump and Oil Sale
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Oil steadies
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A weaker crude price environment has ramped up the pressure on Big Oil’s commitment to allocating cash to shareholders.
Feb 2 (Reuters) - Venezuelan state oil company PDVSA's workers and retirees are hoping oil-industry reform sparked by U.S. intervention last month will increase the purchasing power of their eroding wages and pension payments,
US stocks got hit as oil investors skimmed profits in the tech sector and concerns rose over higher oil prices.
President Trump says India will stop buying sanctioned Russian oil as part of trade deal, but data shows shadow fleet vessels unloading the crude at its ports.
For Oil India stock, the consolidation zone around 480–490 is a key support, with the setup favouring further upside toward the 540–560 target zone in the near term, Shah said.
By Scott DiSavino NEW YORK, Feb 3 (Reuters) - Oil prices edged up on Tuesday after the U.S. shot down an Iranian drone approaching a U.S. aircraft carrier and armed boats approached a U.S.-flagged vessel in the Strait of Hormuz,
The new reality has forced the Kremlin to raise taxes and increase debt, and hovers over peace talks with Ukraine.
President Donald Trump on Monday announced he would reduce tariffs on Indian goods in exchange for, among other things, a promise to stop buying Russian oil.
Saudi Arabia’s economy expanded at the fastest pace in three years in 2025, with the oil sector emerging as a stronger engine of growth under new OPEC+ supply policy.