Bloomberg China’s biggest energy company is backing away from direct purchases of Venezuelan crude as the Trump administration tightens sanctions against the South American nation. China National Petroleum Corp. has canceled plans to load about 5 million barrels worth of Venezuelan oil onto ships this month in the aftermath of the latest executive order by President Donald Trump, according to ...

Bloomberg Total SA is committed to developing the Mozambique natural gas project that it will take over from Anadarko Petroleum Corp. as part of its expansion in Africa, the company said. The project, to cost as much as $23 billion to develop, will be Africa’s biggest single investment, and Mozambique is counting on it to transform the economy. The southeastern ...

Bloomberg If self-reinforcing recession fears are the greatest risk to the record-long US expansion, as posited by Bank of America Corp. Chief Executive Officer Brian Moynihan, the latest consumer sentiment report hinted that those concerns may be starting to emerge. “We have nothing to fear about a recession right now except for the fear of recession,” Moynihan said in a ...