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Page 38 - Oili News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Canada s Cenovus Energy reports lower first-quarter profit

Cenovus Energy Inc reported a first-quarter profit on Wednesday that more than halved as crude prices scaled back and the oil and gas producer also lowered its full-year production outlook.

Unable to process Venezuela s heavy oil, Cuba turns to Russia, Mexico -data, sources

Cuba increasingly is turning to Russia and Mexico for oil to ease an acute shortage of diesel and gasoline and supplement dwindling supplies of Venezuelan crude and fuel, according to shipping data and sources.

Pro-Ukraine scholars call for much tougher sanctions on Russia

A group of pro-Ukrainian scholars has called for much tougher Western sanctions on Russia, including halving an oil price cap to $30 a barrel, imposing a full embargo on Russian steel, iron and diamonds and making it easier to confiscate Russian assets.

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