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…
Houthis claim ‘catastrophic’ attack in Red Sea that prompted crew to abandon ship
The Iran-backed Houthi militant group on Sunday damaged a ship offshore Yemen, prompting its crew to abandon the vessel in…
Putin makes rare visits to the UAE, Saudi Arabia to talk strengthened relations, Israel-Hamas war
DUBAI, United Arab Emirates — Russian President Vladimir Putin arrived in Riyadh on Wednesday evening local time, Russian state media…
Goldman Sachs says the Israel-Hamas war could have major implications for Europe’s economy
The Israel-Hamas war could have a significant impact on economic growth and inflation in the euro zone unless energy price…
Bank of England governor says Israel-Hamas conflict poses risks to inflation fight
Bank of England Governor Andrew Bailey said Thursday that the ongoing Israel-Hamas war poses a potential risk to the bank’s efforts to…
A price cap on Russian oil aims to starve Putin of cash. But it’s largely been untested. Until now
For months after Ukraine’s Western allies limited sales of Russian oil to $60 per barrel, the price cap was still largely symbolic.…
Oil prices could surge if Iran enters the war, Pioneer Natural Resources CEO says
Pioneer Natural Resources CEO Scott Sheffield said oil prices could move a lot higher if Iran gets involved in the war between…
