Venezuela plans stock sale of state-owned companies

  CARACAS, Venezuela (AP) — In a break from its socialist model, Venezuela’s government plans to open for private investment a number of state-owned companies in vital sectors as it seeks to address a need for capital for severely underinvested businesses....

Biden cancels offshore oil lease sales in Gulf Coast, Alaska

By Matthew Daly in Washington WASHINGTON (AP) — The Biden administration says it is canceling three oil and gas lease sales scheduled in the Gulf of Mexico and off the coast of Alaska, removing millions of acres from possible drilling as U.S. gas prices reach record...

EXPLAINER: What’s the impact if Europe cuts off Russian oil?

The European Union’s executive commission has proposed phasing out imports of Russian oil within six months. It is part of Europe’s struggle to stop paying Russia $850 million a day for energy and hit the Kremlin’s finances over its invasion of...

Germany: Quitting Russian oil by late summer is ‘realistic’

BERLIN (AP) — Germany says it’s making progress on weaning itself off Russian fossil fuels and expects to be fully independent of Russian crude oil imports by late summer. Economy and Climate Minister Robert Habeck said Sunday that Europe’s largest economy has reduced...

Germany may quit Russian oil by late summer

BERLIN — Germany says it’s making progress on weaning itself off Russian fossil fuels and expects to be fully independent of crude oil imports from Russia by late summer. Economy and Climate Minister Robert Habeck said Sunday that Europe’s largest economy has reduced...