Valero Energy Partners LP expects the IPO price for the master limited partnership will be between $19 and $21 per common unit, which would raise between $285 million and $315 million, according to documents filed Monday with the Securities and Exchange Commission. More »
Even with OPEC forecast to keep its output quota unchanged at a meeting this week, falling oil demand and prospects for increased supply from some member states mean the group’s leader, Saudi Arabia, will have to cut production anyway. More »
The late President Hugo Chavez’s dream of leveraging Venezuela’s oil wealth to spread revolution across Latin America is crumbling under the weight of an economic crisis that is forcing his hand-picked successor to cut back on generous foreign aid. More »
Iran’s nuclear chief said Sunday that the Islamic Republic needs more nuclear power plants, the country’s official news agency reported, just after it struck a deal regarding its contested nuclear program with world powers. More »
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