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Eni signs agreement to relaunch heavy oil project in Venezuela

By Vivian Sequera and Marianna Parraga CARACAS, April 28 (Reuters) - Italy's energy producer Eni on Tuesday signed an agreement with Venezuela's oil ministry and state-run oil company PDVSA to relaunch a heavy crude project in the Orinoco Belt, the company and government officials said. PDVSA's... Read More.

The Latest: Oil prices go up over stalled US-Iran talks

Oil prices were up Monday as a standoff between the U.S. and Iran in the Strait of Hormuz remained despite a ceasefire, while Pakistan leaders were seeking to revive stalled talks between the two countries. Iran's Foreign Minister Abbas Araghchi was in Russia Monday for... Read More.

Oil jumps more than 2% as US-Iran peace talks stall

SINGAPORE, April 27 (Reuters) - Oil prices rose on Monday as peace talks between the U.S. and Iran stalled while shipments through the Strait of Hormuz remained limited, keeping global oil supplies tight. Brent crude futures rose $2.22, or 2.11%, to $107.55 a barrel by... Read More.

Oil jumps, stock futures slip as US-Iran talks stall

SINGAPORE, April 27 (Reuters) - Oil prices rose, the dollar inched higher and U.S. stock futures wobbled lower in early Asia trade on Monday after U.S.-Iran peace talks stalled over the weekend, leaving Gulf shipping blocked. Benchmark Brent crude futures rose more than 2% to... Read More.