Chevron and private equity group Quantum Energy Partners are teaming up on a bid to acquire the international assets of sanctioned Russian oil producer Lukoil, Financial Times reported, citing people familiar with the matter. The assets are valued by Lukoil at around $22 billion and include oil and gas production, refining facilities, and an extensive
I have lived in Venezuela for nearly thirty years, through blackouts, protests, shortages, and currency resets that have come to feel like the seasons — inevitable, cyclical, and beyond our control. But last weekend was unlike anything I have ever witnessed. It was a night that cleaved time into a before and after — for
The United States captured a Russian-flagged oil tanker on Wednesday following a more than two-week pursuit across the Atlantic, according to US authorities, as part of a continued attempt to halt Venezuelan oil exports. The Marinera, originally known as the Bella-1, has previously avoided US naval blockades in the Caribbean and resisted Coast Guard boarding
US stock markets pushed to fresh intraday records on Wednesday before investors locked in early gains, leaving the Dow down roughly 0.5% and the S&P 500 essentially flat. The day’s mixed trading reflected a familiar tension: strong economic data from the services sector clashed with weak employment numbers. Energy refiners, led by Valero’s 3% gain
Asian markets traded unevenly on Thursday as investors weighed geopolitical risks, mixed signals from the US labour market, and sharp moves in commodities, while corporate earnings optimism was led by Samsung Electronics, which expects record quarterly profits on the back of an AI-driven memory chip boom. The day’s developments also included escalating US actions on
The difference in price (premium) for immediate delivery of US West Coast jet fuel sold to Asia has expanded to its largest margin in almost two years, according to LSEG data released on Thursday, and quoted in a Reuters report. The growing disparity in pricing can be attributed to two key factors affecting global jet
Nvidia’s long run at the centre of the artificial intelligence investment narrative may be facing its first real test, as investors rotate toward memory-product companies seen as key beneficiaries of the next phase of AI growth. While Nvidia remains a dominant supplier of AI chips, recent market moves suggest attention is shifting to the components
Chinese regulators have reportedly opened an initial review into Meta Platforms Inc.’s proposed acquisition of artificial intelligence startup Manus, raising questions over how cross-border AI deals are assessed under national security and technology export rules. The transaction, valued at $2 billion and announced in December, is now being examined by Chinese officials to determine whether
If you’ve got $5,000 sitting on the sidelines, three tech names stand out as compelling long-term buys. Each is positioned to capture explosive growth from artificial intelligence: through dominant GPU sales, a critical shortage of memory chips that power AI, and cloud platform and search monetisation engines. Why these three? The structural AI Boom The
Chinese independent refiners are anticipated to increasingly rely on heavy crude from Iran and Russia in the coming months, as Venezuelan oil exports to China stall, according to dealers and analysts. According to a Reuters report, the revision comes after a US-Venezuela agreement that is expected to shift Venezuelan petroleum to the US, reducing access