The U.S. government is working to issue as early as this week a general license allowing companies to produce oil and gas in Venezuela, as the Trump administration seeks to expand output from the OPEC... ...

Google-parent Alphabet is planning to dramatically expand its presence in India, with the possibility of taking millions of square feet in new office space in Bengaluru, India's tech hub, Bloomberg Ne... ...

Group 1 - Marathon Petroleum purchased two cargoes of Venezuelan crude oil at the end of January [1] - The company expects its refineries to process more heavy grades of crude oil [1]

Core Viewpoint - Waymo will defend its safety record before the U.S. Senate Commerce Committee following investigations into an incident where a vehicle struck a child [1] Group 1 - Waymo is a self-driving company that is facing scrutiny from federal agencies regarding its safety protocols [1] - The incident involving a child being struck by a Waymo vehicle has prompted investigations, highlighting concerns over the safety of autonomous vehicles [1] - The upcoming Senate hearing represents a critical moment for Waymo to address these safety concerns and reinforce its commitment to public safety [1]

Danish drug maker Novo Nordisk said on Wednesday it had appointed Jamey Millar head of its U.S. business, and Hong Chow head of product and portfolio strategy. ...

Core Viewpoint - U.S. refiners are facing challenges in absorbing a sudden increase in Venezuelan oil imports, leading to price pressures and unsold volumes following a significant supply deal between Caracas and Washington [1]. Group 1: U.S. Refiners' Challenges - U.S. Gulf Coast refiners are struggling to manage a rapid surge in Venezuelan crude shipments, which have increased significantly since a $2 billion supply deal was established [1]. - The demand from U.S. refiners is soft, creating obstacles for the U.S. government's plans to increase Venezuelan oil imports following the capture of President Nicolas Maduro [1]. - Some refiners are reluctant to purchase Venezuelan crude due to high prices compared to competing Canadian heavy grades, despite a slight decline in prices [1]. Group 2: Venezuelan Oil Exports - Venezuelan oil exports to the U.S. nearly tripled in January to 284,000 barrels per day (bpd), up from a much lower figure due to previous sanctions [1]. - Total Venezuelan oil exports rose to almost 800,000 bpd in January, recovering from a low of 498,000 bpd in December [1]. - The U.S. was previously importing around 500,000 bpd of Venezuelan oil before sanctions were imposed in 2019, with exports dropping to zero by mid-2025 [1]. Group 3: Market Dynamics and Competition - Trading houses Vitol and Trafigura have been granted U.S. licenses to market Venezuelan oil, but they are finding it increasingly difficult to secure buyers among Gulf Coast refiners [1]. - Chevron has increased its Venezuelan oil exports to 220,000 bpd in January from 99,000 bpd in December, but it must store or market excess production due to limited refining capacity [1]. - The potential for increased Venezuelan oil exports may arise from a trade deal with India, which could lead to Indian companies considering imports of Venezuelan oil [1].

Wegovy maker Novo Nordisk expects a decline in sales this year, it said on Tuesday as it reported fourth-quarter operating profit slightly above forecasts. ...

U.S. refiner Phillips 66 can process around 250,000 barrels per day of Venezuelan crude, CEO Mark Lashier said at a conference in Houston on Tuesday. ...

Trader Trafigura has moved the first shipment of Venezuelan fuel oil to Europe in nearly two years, two trading sources and data seen by Reuters showed. ...

Shares of Palantir Technologies jumped 6.9% in early trading on Tuesday as investors bet on the company's military-grade AI tools and services after it reported a surge in quarterly sales, boosted by rising U.S. defense spending. ...