Business
Six EU countries push for windfall tax on oil companies amid surging war profits
Six EU countries are intensifying calls for a bloc-wide windfall tax on oil companies as profits surge amid the war in the Middle East,…
Tag
Oil
Politics
Ukrainian strikes hit a Russian explosive materials plant 1,000 miles away and a major Black Sea oil terminal, security official says
Ukraine's internal security agency carried out two drone attacks inside Russia on Monday night, an official said. The SBU attacks targeted…
News
Opec+ agrees to keep oil output unchanged as Iran tensions boost prices
They will raise production quotas by about 2.9 million barrels per day from April till December 2025, roughly 3% of global demand.…
Business
Michigan Wants to Make Big Oil Pay for Climate Change
First, the lawsuit says, the fossil fuel industry engineered an across-the-board abandonment of renewable energy that only makes sense in…
Politics
Ex-Nigeria oil minister in bribery trial spent £2m at Harrods, court hears
More than £2m was spent at Harrods on behalf of a then-Nigerian oil minister accused of accepting bribes from industry figures interested…
News
Vitol and Trafigura – traders at the heart of Trump’s Venezuela oil grab
The companies’ special licences to ship still-sanctioned barrels have given them a head start in a potentially lucrative trade US…
Politics
Oil rises nearly 3% as US sends armada to Iran, slaps new sanctions
prices settled at their highest in over a week on Friday (Jan 23) after US President Donald Trump ratcheted up pressure against Iran…
Politics
France seizes suspected Russian 'shadow fleet' oil tanker in the Mediterranean
France says it has seized an oil tanker in the Mediterranean suspected of being part of Russia's sanction-busting "shadow fleet". French…
Business
Venezuelan banks will get US$300 million of oil money to sell on exchange market: sources
FOUR Venezuelan banks were notified this week by the country’s government that they will split US$300 million of oil revenues deposited in…
Business
US getting 30% higher price for Venezuelan oil than Venezuela did weeks ago, energy chief says
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…
Politics
Trump Is Keeping Money From Venezuelan Oil Sale in Offshore Account
The full list of countries subject to the freeze is: Afghanistan, Albania, Algeria, Antigua and Barbuda, Armenia, Azerbaijan, Bahamas,…
Politics
How Will Prospective Venezuelan Oil Production Affect the U.S. Petroleum Market?
Expect the Trump administration to act to protect U.S. oil producers from downward price pressures, instead of letting the free market…
Politics
Trump promises oil executives 'total safety' if they invest in Venezuela after Maduro ouster
President Donald Trump on Friday called on oil executives to rush back into Venezuela as the White House tries to quickly secure $100…
Business
China Aviation Oil confirms Sinopec merger with parent CNAF
State administrators have given the nod for the merger following deliberation, says CAO The parent company of China Aviation Oil (CAO)…
Business
China vows to stabilise grain, edible oil production in key meeting
Beijing seeks food security in the face of economic challenges and pressures from urbanisation China must stabilise grain and edible oil…
Politics
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…
Politics
Venezuela oil blockade escalates amid international tensions
SAN DIEGO (FOX 5/KUSI) — International Relations Expert, Dr. Rebecca Grant, joins “Good Morning San Diego” Tuesday to examine the rising…
Politics
Trump's Venezuela blockade forces China to choose
China made no public commitment to aid or other material support for longtime partner Venezuela after a recent call between the respective…
Politics
‘We want it back’: Trump asserts U.S. claims to Venezuelan oil and land
MEXICO CITY — President Trump’s order of a partial blockade on oil tankers going to and from Venezuela and his claim that Caracas stole…
Politics
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…
Politics
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
Business
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…
Business
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…
Politics
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…