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Petrobras gets hedge fund bump despite production woes

Petrobras, Brazil's state-owned oil giant, missed out on production marks in the first quarter, but that hasn't kept hedge funds from making some big...

Aramco more profitable than Google and Apple combined

In the middle of its roadshow to raise some $10 billion in investments, Saudi Aramco exposed its earnings for the first time ever. According to...

Iran and Venezuela reeling from U.S. oil sanctions

A worldwide oil surplus is permitting the United States to accelerate its plan of bringing Iranian crude exports to a standstill, and markets are...