Oil gains as investors weigh Middle East tensions
Oil prices rose in early Asian trading on Monday (Dec 29) as investors weighed Middle East tensions that could disrupt supply, while a major hurdle remains in the Russia-Ukraine peace…
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Oil
Oil rises as investors weigh outcome of Trump-Zelensky meeting
Oil prices rose on Monday (Dec 29) as investors weighed the outcome of talks between the US and Ukrainian presidents on a potential deal to end the war in Ukraine, as well as Middle East…
Oil falls 2% on looming supply glut, hopes of Ukraine peace deal
Oil prices settled more than 2 per cent lower on Friday (Dec 26) as investors weighed a looming global supply glut, while also keeping an eye on a potential Ukraine peace deal ahead of…
Proposed legislation would add refined fuels to the U.S. emergency crude oil supply
Sen. John Curtis has introduced legislation to establish a dedicated stockpile of refined fuels such as gasoline, diesel and jet fuel and locate it west of the Rocky Mountains. Source link
Oil rises as market weighs Venezuela supply risks
Brent and WTI prices are on track to drop about 16% and 18%, respectively, this year Oil prices climbed on Friday (Dec 26) after the US ordered increased economic pressure on Venezuelan…
China's CNOOC makes second big oil find in Bohai Sea
China’s oil major CNOOC Limited said on Wednesday (Dec 24) it has discovered an oilfield with proved in-place volumes exceeding 100 million tons of oil equivalent in its second big find in…
Japan’s Eneos leads bids for Chevron’s Singapore oil refinery stake
Japan’s Eneos Holdings is ahead of rival bidders for US heavyweight Chevron’s stake in a Singapore oil refinery, according to people familiar with the matter. Other suitors for the 50 per…
Oil loading in Venezuela slows, more ships make U-turns after new US interceptions
TANKER loading in Venezuela dwindled on Monday, with most ships moving oil cargoes only between domestic ports following US action against two more ships and as state-run energy company…
Oil up on news the US intercepted an oil tanker off Venezuela
Oil prices rose on Monday (Dec 22) after officials said the US had intercepted an oil tanker in international waters off the coast of Venezuela, raising fresh supply uncertainty. Brent…
Second oil tanker seized off coast of Venezuela
U.S. forces stopped another vessel off the coast of Venezuela as President Trump ramps up pressure on Venezuelan President Nicolas Maduro. Source link
Snake Oil Salesman Says Trans Kids Are Result of “Junk Science”
The Trump administration is stripping funding for gender-affirming care. The new rule, announced by the Department of Health and Human Services Thursday, virtually bans gender-affirming…
Try to Make Any Sense of What Trump Is Saying About Venezuelan Oil
Newhouse was also one of 35 Republicans who voted to establish the January 6 commission to investigate the Capitol insurrection, so it’s telling that after surviving two elections after…
Fact-Checking Trump’s Claim That Venezuela Stole Oil and Land from the U.S.
As is often the case, there is a kernel of a shade of truth in the president’s hyperbolic talk on social media. Source link
Oil jumps as Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela
Oil prices climbed sharply on Wednesday after US President Donald Trump ordered “a total and complete” blockade of all sanctioned oil tankers entering and leaving Venezuela, raising fresh…
Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela
US President Donald Trump on Tuesday ordered a blockade of all sanctioned oil tankers entering and leaving Venezuela, a move set to sharply escalate tensions between Washington and…
Middle East oil market weakens as glut concerns gain traction
The IEA, meanwhile, projects output will exceed consumption by 3.8 million barrels a day in 2026 The Middle Eastern oil market has weakened in recent weeks on concern that regional…
Ghost oil ships dock in Venezuela, showing challenge for US
The International Energy Agency estimates the current oversupply at a record 3.8 million barrels a day Two so-called ghost oil ships are currently loading off the coast of Venezuela,…
Oil posts weekly loss on oversupply concerns
IEA forecasts published on Thursday indicated that global oil supply will exceed demand by 3.8 million barrels per day next year Oil prices closed lower on Friday (Dec 12), marking a 4 per…
Seized oil tanker was hiding its location to evade sanctions, law enforcement
The oil tanker seized by U.S. troops off the coast of Venezuela evaded sanctions by falsifying and concealing its locations, according to publicly available satellite imagery and tracking…
Venezuela Accuses Trump of Piracy as He Says We’re Keeping Oil Tanker
On Thursday, hours before the state Senate is set to vote, Trump issued another nasty missive, attacking more local leaders while threatening to back primary opponents for anyone who votes…
Trump says U.S. seized an oil tanker off Venezuela's coast
President Trump said the U.S. military seized an oil tanker off Venezuela's coast as his administration escalates action in the region. Source link
Indonesia fines dozens of palm oil, mining companies US$2.3 billion for operating in forest areas
The task force handed over 1.5 million hectares of plantations to state firm Agrinas Palma Nusantara An Indonesian government task force has ordered dozens of companies in palm oil…
Oil hovers near two-week highs on expected US interest rate cut, geopolitical risk
Oil prices hovered at two-week highs on Monday (Dec 8) as investors expect a likely US Federal Reserve interest rate cut this week to lift economic growth and energy demand, while…
Oil prices searching for a catalyst
OIL prices have entered the final stretch of 2025 locked in a tug-of-war between persistent oversupply and occasional flares of geopolitical support, leaving the market largely range-bound…