The United States has authorized the release of up to four million barrels of crude oil from its reserves to address disruptions caused by Storm Isaias in the southeastern United States.
BusinessIraq's new government, led by Prime Minister Ali al-Zaidi, plans to increase oil and gas production and expand infrastructure for exports, according to the country's oil minister, Basim Mohammed Khudair.
BusinessU.S. oil companies Chevron and Exxon reported fourth-quarter results that clearly exceeded expectations, Bloomberg writes.
BusinessOver a million households are without power, and more than 20,000 flights have been affected across the US by this weekend's blizzard. In New York, five people are believed to have died from the cold.
WorldDeclines in bank and IT giant stocks led the New York Stock Exchange's leading index to fall on Wednesday.
BusinessVenezuela's oil production facilities are old and worn out. In addition, the oil is thick, expensive - and among the dirtiest in the world. This involves major climate emissions, says energy analyst Thina Saltvedt.
BusinessLeading US oil companies are hesitant to make the investments in Venezuela's oil industry that US President Donald Trump expects. The CEO of oil giant Exxon says it is currently impossible to invest in the country.
BusinessStocks on the New York Stock Exchange closed higher on Tuesday, largely thanks to rising prices in shares of some technology giants.
Technology
