Romania traces its oil industry to the 1850s, but as it production has declined in recent years, it’s urging American investors to pump their money into the country to help it develop shale and deepwater resources. More »
The proposed deal, which would expire next spring, is aimed at averting a supply crisis in Ukraine and the EU over the winter but wouldn’t resolve a deeper dispute over what price Kiev should pay for past and future deliveries. More »
The Houston-based motor fuels distributor has agreed to purchase Honolulu-based Aloha Petroleum, one of the largest convenience store operators in Hawaii with a large wholesale fuel distribution network and six fuel storage terminals. The deal is expected to close before the end of the year. More »
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