Former U.S. President Donald Trump announced a 25% tariff on all countries importing oil from Venezuela. This move is part of a policy to exert pressure on the Maduro regime…
Venezuela announced reducing public sector workdays to three, aiming to address water shortages threatening hydroelectric power due to severe drought. Starting Monday, government institutions will operate for four and a…
The International Energy Agency (IEA) reported in its monthly update on Thursday that the global oil supply could exceed demand by approximately 600,000 barrels per day this year, following a…
The European Union intends to suspend certain sanctions imposed on Syria, including energy, transport, and reconstruction. This topic is set to be discussed during a meeting of the foreign ministers…
Oil prices continued to rise on Wednesday, driven by concerns over potential disruptions in supplies from the United States and Russia. Markets are closely monitoring the impact of sanctions on…
The three Baltic States—Estonia, Latvia, and Lithuania—have officially severed their connections with the Russian energy grid as part of a security plan aimed at integrating with the European Union’s network.…
The U.S. Department of State has imposed the most severe sanctions on the Russian oil and gas sectors, targeting eight individuals and entities linked to oil production and export. The…
At least three Ukrainians were injured in a massive Russian missile attack targeting the city of Kharkiv in northeastern Ukraine. Ukrainian Energy Minister German Galushchenko noted that Moscow is once…
The OPEC+ alliance has agreed to maintain oil production at its current levels during the first quarter of 2025. Sources within the alliance confirmed that the plan includes a gradual…
Oil prices dropped by nearly 2% on Monday after Axios reported that a senior unnamed U.S. official stated that “Israel and Lebanon have agreed on terms to end the conflict…