Germany led calls urging caution against targeting China under new European Union sanctions over Russia's invasion of Ukraine during a first discussion among the bloc's 27 countries on proposed new restrictions, five diplomatic sources said.
Chevron Corp's renewed oil operations in Venezuela begin a new phase next month that will boost production with the goal of accelerating a plan to recover all of the $3 billion of debt owed by the OPEC member by the end of 2025, four people close to the matter said.
The European Commission has announced restrictions on the imports of Ukrainian wheat, maize, rapeseed and sunflower seed in Poland, Hungary, Romania, Slovakia and Bulgaria until June 5.
Kazakhstan Railways will ban transportation of oil products to the Russian Black Sea port of Taman starting from May 8, according to a document from the state-owned railway operator seen by Reuters on Thursday.
More than half of the 22 oil tankers in Venezuela's fleet are so run down that they should be immediately repaired or taken out of service, according to an internal report from state-run oil company PDVSA that was shared exclusively with Reuters.