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 British Airways is preparing to cancel nearly all its flights on Monday and Tuesday after pilots vowed to strike following a breakdown in talks over a new contract, according to a person familiar with the matter. The UK carrier will scrap both short and long-haul destinations, said the person, who asked not be named because the information isn’t public. …