Bloomberg A Chinese oil contractor halted work on an expansion project in Venezuela because it hasn’t been paid, underscoring the difficulties for the Nicolas Maduro regime even at energy ventures backed by allies. China Huanqiu Contracting and Engineering Corporation, an affiliate of government-run China National Petroleum Corp., (CNPC) notified the Sinovensa joint venture it has suspended work to expand a crude ...

Bloomberg An Indian state-owned refiner is mulling purchase of American oil from Chinese sellers offering cargoes that would be hit by new tariffs on US supplies. Bharat Petroleum Corp. is looking for opportunities to buy some US crude diverted from their original destination of China, according to Refineries Director R. Ramachandran. He said the previously-reported purchase of up to two ...

Bloomberg The Trump administration has launched a multipronged legal assault on an agreement California struck with four carmakers in defiance of the president’s plan to ease national standards on tailpipe emissions. Lawyers from the Transportation Department and Environmental Protection Agency sent a letter to California’s top air-pollution regulator, urging the state to abandon its pact with the automakers and warning ...