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Search resuls for: "Laura Sanicola Arathy Somasekhar"


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Cutouts depicting images of oil operations are seen outside a building of Venezuela's state oil company PDVSA in Caracas, Venezuela January 28, 2019. U.S. sanctions that were in place on Venezuela since 2019 largely blocked state-run oil company PDVSA from exporting to its chosen markets. That changed last week, but Washington's six-month relaxation of the measures is too limited to spur new crude production. PDVSA also is in talks with Mercuria Energy and Sahara Energy on spot sales, the sources said. The Italian company and Spain's Repsol (REP.MC) have been in negotiations with PDVSA for months to expand gas output in Venezuela.
Persons: Carlos Garcia Rawlins, Trafigura, PDVSA, Pedro Tellechea, Tipco, Spain's, Eni, Maurel, prepay, Marianna Parraga, Laura Sanicola Organizations: REUTERS, Rights, Global, PDVSA, Bermuda, Mercuria Energy, Sahara Energy, U.S ., Reliance Industries, Valero Energy, PBF Energy, Eni, Valero, Reliance, U.S . Treasury Department, Traders, Thomson Locations: Caracas, Venezuela, U.S, Venezuela's, Sahara, PDVSA's, Houston, Washington
[1/2] A Pilot Flying J travel center is pictured, as motor fuel retailer has expanded into oil and petroleum trading, transportation and biofuels, in Channelview, Texas, U.S., October 31, 2021. REUTERS/Gary McWilliams/File PhotoFeb 14 (Reuters) - U.S. fuel retailer Pilot Company is trimming its energy trading operation, according to three people familiar with the matter, days before billionaire investor Warren Buffett is expected to take majority control of the firm. About 15 employees were released on Monday, most tied to an expansion two years ago into crude oil trading, said two of the people. "Pilot Company is committed to sustained growth and innovation across our travel center network and energy division," Konar said. That year, Pilot expanded its fuel trading business by adding financial trading and a Mexico trading specialist to gain better insight into the market and sell fuel it did not need for its own operations.
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