Crude oil prices saw an increase on Monday after U.S. President Donald Trump threatened to impose tariffs ranging from 25% to 50% on Russian oil. Futures contracts for oil opened…
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…
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…
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 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…
Oil prices lost the gains they had made earlier on Wednesday as the dollar strengthened. Despite a decrease in supplies from Russia and OPEC members, along with a drop in…
The United States has announced its position as the world’s top oil producer, with an output of 13.5 million barrels per day. At the same time, former President Donald Trump…
The European Union imposed new sanctions on Russia today, Wednesday. The sanctions target the fleet of aging tankers known as “shadow” vessels, which Moscow uses to circumvent Western restrictions on…
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…
The OPEC Plus group, which includes Saudi Arabia and Russia, has announced the extension of oil production cuts until the end of December, hindering the possibility of price declines. This…