| U.S. Sanctions Severely Cripple Venezuela's Oil Production
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| As if Venezuela's oil industry is not in a bad enough place already, the country sitting on top of the world's largest oil reserves is forced to slow already low oil production and suspend some blending because its crude reserves are brimming as many customers and shipping companies bend to U.S. sanctions and avoid doing business with Venezuela. The state oil firm PDVSA has had to recently cut back production and halt blending of the super heavy crude at some joint ventures with foreign oil firms, Reuters reports, quoting industry sources,…
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| Oil Prices Drop As Markets Await Washington's Response
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| It was a wild ride, but oil prices fell again on Wednesday, pushing them back near levels seen earlier this month. Despite the largest supply outage in oil market history, the spike could prove to be shockingly brief. Saudi energy minister Prince Abdulaziz bin Salman soothed market fears on Tuesday when he stated that roughly 40 percent of the disrupted capacity at Abqaiq was back online, and that the facility would return to pre-attack levels by the end of the month. It appears to be a startlingly swift rebound for such a massive attack. There…
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| Tech Breakthrough Could Help Slumping Electric Car Sales
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| While electric vehicles have long been touted as the future of the automotive industry, with Tesla becoming not only a household name but a veritable celebrity in and of itself, the industry is facing serious hurdles to growth and more widespread adoption. The oil industry has waged a quiet but well-documented war against the adoption of electric vehicles in the United States. This week Politico reported that "groups backed by industry giants like Exxon Mobil and the Koch empire are waging a state-by-state, multimillion-dollar battle to squelch…
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| Agusta: ED changes IO for letting Puri give slip
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| Enforcement Directorate has removed its investigating officer after serving him a showcause notice for alleged lapses while questioning Ratul Puri, nephew of Madhya Pradesh CM Kamal Nath. Puri, who is currently in ED custody, had slipped out during a questioning session at the ED office in Delhi.
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| The Debate Continues
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 Making money should not be companies' only goal, Business Roundtable argued recently. There are those who disagree.
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, article language English ( Russian [ translation ] )
