Connecticut trader convicted in Petrobras bribery case
By Jonathan Stempel (Reuters) – A Connecticut oil and gas trader was convicted on Thursday over a nearly eight-year scheme to bribe officials at Brazil’s state-owned oil company Petrobras so…
Texas approves plan to boost oil and gas drillers’ power grid access
By Georgina McCartney HOUSTON (Reuters) – A Texas commission unanimously on Thursday approved the Permian Basin Reliability Plan, which is designed to expand power grid infrastructure in the United States’…
Visa Acquires AI Firm to Boost Fraud Detection Capabilities
Visa acquired Featurespace, a firm using artificial intelligence (AI) to enhance payment protection. This deal aims to boost the payment giant’s fraud detection capability and help it tackle security threats…
Dollar drops as data boost fades; Swiss franc gains following rate cut
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar weakened in choppy trading on Thursday after a boost from healthy U.S. economic data faded, while the Swiss franc rose after the…
Oil prices slump on oversupply concerns as Saudi-led OPEC+ eyes production hike
Investing.com – Oil prices settled sharply lower Thursday as Saudi Arabia reportedly will abandon its unofficial $100 price target as it looks set to proceed with an OPEC+ plan to…
At least two people dead after oil barge sinks in Venezuela, PDVSA says
CARACAS/MARACAIBO (Reuters) -At least two people died and four were declared missing following the sinking of an oil barge operated by a contractor of Venezuelan state-run energy company PDVSA at…
Is It Time to Rethink the Swiss National Bank Gold Policy?
The Swiss National Bank Gold Policy has sparked debate since its significant gold sales in the early 2000s. Back then, many questioned whether selling a substantial portion of central bank…
Oil prices: Is OPEC+ about to boost production?
Investing.com — On Thursday, Stifel analysts acknowledged an article from Reuters that said OPEC+ may be gearing up to boost oil production, despite the possibility of driving prices lower in…
At least four people dead after oil barge sinks in Venezuela, report and sources say
CARACAS/MARACAIBO (Reuters) – At least four people have been reported dead following the sinking of an oil barge operated by a contractor of Venezuela’s state-run energy company PDVSA at the…
Dollar down in choppy trading after data; Swiss franc gains following rate cut
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar was down in choppy trading on Thursday after a host of U.S. data indicated a relatively healthy economy, while the Swiss franc…
