Pledge of more oil heightens odds of Saudi trip for Biden

By Aamer Madhani And Ellen Knickmeyer in Washington WASHINGTON (AP) — The Biden administration praised Saudi Arabia Thursday for its roles securing an OPEC+ pledge to pump more oil and a cease-fire extension in Yemen — warm words that appeared to boost the prospect of...

Biden renews sanctions license for Chevron in Venezuela

Venezuela’s President Nicolas Maduro arrives to Revolution Palace to attend the XXI ALBA Summit in Havana, Cuba, Friday, May 27, 2022. (Ernesto Mastrascusa/Pool Photo via AP) By Joshua Goodman in Miami MIAMI (AP) — The Biden administration has renewed a license...

War surges Norway’s oil, gas profit. Now, it’s urged to help

By Mark Lewis in Stavanger STAVANGER, Norway (AP) — Europe’s frantic search for alternatives to Russian energy has dramatically increased the demand — and price — for Norway’s oil and gas. As the money pours in, Europe’s second-biggest natural gas supplier...

Iran seizes 2 Greek tankers in Persian Gulf as tensions rise

By Jon Gambrell And Nicholas Paphitis in Dubai DUBAI, United Arab Emirates (AP) — Iran’s paramilitary Revolutionary Guard seized two Greek oil tankers Friday in helicopter-launched raids in the Persian Gulf, officials said. The action appeared to be retaliation...

At Davos, climate debate over role of oil in ‘going green’

  By Peter Prengaman in Davos DAVOS, Switzerland (AP) — As government officials, corporate leaders and other elites at the World Economic Forum grapple with how to confront climate change and its devastating effects, a central question is emerging: to what extent...