(Bloomberg) -- OPEC+ gathers on Saturday to ratify a deal for at least an extra month of record production cuts that U.S. President Donald Trump said saved the American oil industry.After a week of cajoling by Saudi Arabia and Russia, the cartel’s members were ready to prolong almost 10 million barrels a day of output […]
A Chevron Corp crude oil cargo has become embroiled in U.S. sanctions on shipping companies for violating restrictions on doing business with Venezuela, the company confirmed on Friday. Adamant Maritime Ltd, owner of very large crude-oil carrier (VLCC) Seahero was sanctioned by the U.S. Department of Treasury on Tuesday for carrying a Venezuelan cargo in […]
Chipmaker Micron (MU) is banking on the upcoming 5G trend. As 5G networks ramp up around the globe, the semi-conductor player is expected to provide many of the components needed to achieve 5G’s promise; faster data processing, lower latency and expanded storage capacity.However, the catalyst hasn’t borne fruit yet. Micron has lagged behind its peer […]
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