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Investors are closely watching US-Iran relations as any escalation or conflict could lead to Iran closing the Strait of Hormuz Oil prices fell about 2 per cent to a two-week low…
US military boarded an oil tanker in the Indian Ocean after tracking the vessel for thousands of miles, saying it tried to circumvent President Donald Trump’s energy blockade…
Oil prices settled marginally higher on Friday (Feb 13) after data showed an overall slowdown in US inflation, helping offset supply concern as Oprc+ is leaning towards a…
Oil prices settled higher on Friday (Feb 6), reversing earlier losses as traders worried that this week’s talks between the US and Iran had failed to reduce the risk of a military…
President Donald Trump said Monday that he plans to lower tariffs on goods from India to 18%, from 25%, after Indian Prime Minister Narendra Modi agreed to stop buying Russian oil. The…
They will raise production quotas by about 2.9 million barrels per day from April till December 2025, roughly 3% of global demand. [MOSCOW/LONDON] Opec+ agreed to keep its oil…
President Donald Trump said on Saturday (Jan 31) he welcomed investment by China and India in Venezuela’s oil industry. “China is welcome to come in and will make a great deal on…
Oil prices dipped a few cents per barrel on Friday (Jan 30), consolidating recent gains and holding near six-month highs, supported by nagging tensions between the US and Iran.…
First, the lawsuit says, the fossil fuel industry engineered an across-the-board abandonment of renewable energy that only makes sense in the context of anticompetitive collusion. Already…
ExxonMobil beat Wall Street targets in fourth-quarter earnings reported on Friday (Jan 30), with lower-cost oil production in the Permian Basin and Guyana helping to boost the No…
The expansion of the Trans Mountain pipeline has opened a direct path for crude shipments to the Asian giant Canada and India will pledge to expand trade in oil and gas as the…
The US has also enlisted traders Trafigura Group and Vitol Group to help sell as much as 50 million barrels of oil Chevron has assembled its largest fleet of vessels in almost a…
The companies’ special licences to ship still-sanctioned barrels have given them a head start in a potentially lucrative trade US PRESIDENT Donald Trump has portrayed his takeover of…
prices settled at their highest in over a week on Friday (Jan 23) after US President Donald Trump ratcheted up pressure against Iran through more sanctions on vessels that…
The global music world is mourning the loss of legendary Midnight Oil drummer, Rob Hirst, who has died at 70 after a nearly three-year fight with pancreatic cancer. Hirst is survived by…
Acting President Delcy Rodríguez has the early advantage, but democratic María Corina Machado offers better long-term prospects. Source link
ZUELA’S interim president Delcy Rodriguez said on Tuesday that the country has received US$300 million from oil sales, the first proceeds from US President Donald Trump’s…
Oil prices were up slightly on Monday, after the previous session’s rise, as Iran’s deadly crackdown on protests quelled civil unrest, narrowing chances for a US attack on the major Middle…
The companies are also seeking to remove extra taxes introduced by the government Oil executives and lawyers for international oil companies are lobbying the US and Venezuelan governments…
FOUR Venezuelan banks were notified this week by the country’s government that they will split US$300 million of oil revenues deposited in an account in Qatar, enabling them to sell…
The United States has lifted a ban on Malaysian palm oil firm FGV Holdings, after finding that the company had taken sufficient action to address allegations of forced labour. “The US will…
US Energy Secretary Chris Wright said on Thursday the US is getting a 30 per cent higher price for Venezuelan crude oil than Venezuela got before US special forces captured President…
The full list of countries subject to the freeze is: Afghanistan, Albania, Algeria, Antigua and Barbuda, Armenia, Azerbaijan, Bahamas, Bangladesh, Barbados, Belarus, Belize, Bhutan,…
The global oil industry is working through the consequences of Washington’s move earlier this month The shipping market is being shaken up by Washington’s intervention in Venezuela, as the…
