No longer a financial reservoir? Saudi Arabia’s spending confirms clear shift in strategy
Saudi Arabia is moving full steam ahead with its focus on domestic investment — and with that, higher requirements for…
Trump to counter Harris with competing economic agenda rollout
Former President Donald Trump is countering the kickoff of the Democratic National Convention, and Vice President Kamala Harris’ recently unveiled…
U.S., Brazil back fresh Venezuela election despite government, opposition rebuffs
U.S. President Joe Biden on Thursday seemingly backed a new election in Venezuela, after Brazilian President Luiz Inacio Lula da Silva also floated…
Former IRS employee charged in $2.1 million Exxon Mobil tax credit theft attempt in Utah
A former IRS employee was charged in Utah federal court for allegedly trying to steal $2.1 million in tax credits…
OPEC+ wants concrete rate cuts before factoring impact on oil demand, Saudi energy minister says
The prominent OPEC+ oil producers’ alliance is awaiting concrete central bank action on interest rates before factoring in the potential…
EU’s 14th sanctions package must target circumvention, energy exports, Zelenskyy advisor says
The European Union’s upcoming 14th sanctions package against Russia must do more to choke off energy exports and clamp down…
Former BP exec’s ex-husband gets prison for insider trading after eavesdropping on her calls
The ex-husband of a former BP mergers and acquisitions manager was sentenced to two years in federal prison for insider…
Trump VP prospect Doug Burgum and GOP oil baron Harold Hamm are allies in business and politics
If former President Donald Trump taps North Dakota Gov. Doug Burgum to be his running mate, the biggest beneficiary of…
Saudi oil giant Aramco posts 25% fall in full-year profit
Saudi Arabia’s state oil giant Aramco reported a 25% decline in profit to $121.3 billion in 2023, down from $161.1…
U.S. funding bill blocks China from buying oil from Strategic Petroleum Reserve
A measure in the U.S. funding legislation unveiled by congressional leaders on Sunday would block China from buying oil from the Strategic Petroleum Reserve, or SPR. The desire for a hard…
