Culture
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…
Tag
Oil
Culture
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…
Culture
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…
Culture
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…
Blog
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…
News
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…
Blog
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.…
Blog
Trump says the U.S. has seized an oil tanker off the coast of Venezuela
President Donald Trump said Wednesday that the United States has seized an oil tanker off the coast of Venezuela amid mounting tensions…
Business
Military drone attack on Sudan oil field kills dozens and threatens South Sudan's economic lifeline
JUBA, South Sudan (AP) — Dozens of people were killed Tuesday evening in a drone strike near Sudan’s largest oil processing facility…
Business
Military drone attack on Sudan oil field kills dozens and threatens South Sudan's economic lifeline
JUBA, South Sudan (AP) — Dozens of people were killed Tuesday evening in a drone strike near Sudan’s largest oil processing facility…
Culture
Oil falls 2% as Iraqi oilfield production restored, Ukraine talks continue
Oil prices slipped 2 per cent on Monday (Dec 8) after Iraq restored production at one of its oilfields which accounts for 0.5 per cent of…
Culture
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…
Culture
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…
Culture
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…
Culture
Oil climbs to 2-week high on Fed rate-cut signals, supply concerns
Oil prices edged up nearly 1 per cent to a two-week high on Friday (Dec 5) on increasing expectations the US Federal Reserve will cut…
Culture
Oil settles up on expectations of Fed rate cut, Ukraine peace talks stalling
US crude futures briefly rose more than US$1 a barrel earlier in the session as global shares rose Oil prices settled up on Thursday (Dec…
Culture
Oil eases amid uncertainty around Russia-Ukraine peace plan, oversupply worries
Oil prices declined 1 per cent on Tuesday (Dec 2) as markets weighed faltering Russia-Ukraine peace hopes against fears of oversupply.…
Culture
Oil climbs over US$1 a barrel on Opec action, Ukraine attack
Concerns about a possible conflict between the United States and Venezuela run far behind the focus on the war in Ukraine Oil prices rose…
Culture
Oil falls on drawn-out Ukraine peace talks, all eyes on upcoming Opec+ meeting
Saudi Arabia is expected to lower its January crude price for Asian buyers for a second month to its lowest in five years Crude futures…
News
The Supreme Court’s Ethics Code Is a Joke. Big Oil Knows That.
What do judicial ethics codes have to do with climate deception? It all comes down to simple math. Every year, the Supreme Court receives…
Culture
Malaysia's palm oil exports to China down almost 29% to October
Palm oil tracks the price movements of rival edible oils as it competes for a share of the global vegetable oils market Malaysia’s palm…
Culture
Surging Chinese imports of Indonesia oil point to rebranded Iranian crude, traders say
China’s imports from Malaysia have almost halved since July from this year’s peak in March at 8.5 million tonnes China is importing…
Culture
Oil prices settle down at lowest in a month as US seeks Russia-Ukraine peace deal
Oil prices eased about 1 per cent on Friday (Nov 21) to settle at one-month lows as the US pushed for a Russia-Ukraine peace deal that…
News
Bessent Says Oil Prices Will Drop “If Something Happens” in Venezuela
“Now the pressure on Ukraine is one of the most difficult,” Zelenskiy said in his native language, standing outside his presidential…