Politics
Czech Republic no longer taking Russian oil after new pipeline opened
The Czech Republic will no longer be importing oil from Russia, Prime Minister Petr Fiala said on Thursday at the opening ceremony for a…
Tag
Oil
Politics
Oil up 2% to a two-week high as new US sanctions target Iran’s exports
Oil prices rose nearly 2 per cent on Wednesday (Apr 16) to a two-week high on concerns about global supplies after Washington issued new…
Politics
Oil prices steady as market considers latest US tariff changes
Oil prices were little changed on Tuesday (Apr 15) as investors digested the latest headlines on US President Donald Trump’s on-again,…
Politics
Russian economy braces for blow from collapsing oil price
U.S. President Donald Trump's expansive and turbulent raft of tariffs may not have hit Russia directly, but might nonetheless serve up a…
Politics
Oil rises marginally on tariff exemption, Chinese crude imports
Oil prices settled slightly higher on Monday (Apr 14) on exemptions for some electronics from US tariffs and data showing a sharp rebound…
Politics
Opec cuts 2025 oil demand forecast over US tariffs
It expects demand to grow by 1.3 million barrels per day (bpd) in 2025, down from a previous forecast of 1.4 million bpd Opec slightly…
Politics
Russian oil shipments shift to western tankers as prices slump
A slump in oil prices is allowing Russia’s crude to be carried on tankers owned and insured by western companies, helping tighten the…
News
Oil Prices Tumble as China-U.S. Tariffs Weaken Economic Confidence
U.S. oil prices bounced back to around $62 a barrel on Wednesday afternoon, more than erasing earlier losses after President Trump said he…
News
Oil prices sink to 2021 lows as tariff war fans recession fears
Crude oil prices have plunged to their lowest levels since 2021, when Covid curbs hurt business activity, amid an escalating tariff crisis…
Politics
Oil Prices Tumble Further as Trump’s Tariffs Weigh on Economic Outlook
U.S. oil prices fell sharply, briefly dipping below $60 a barrel on Sunday — their lowest level in almost four years — as the economic…
Business
Oil prices extend losses on fears global trade war could slow economy
Oil prices fell more than 3 per cent on Monday, extending losses from the previous week, on growing concerns that a global trade war could…
Politics
Oil price in freefall reorders global energy landscape
The plunge in oil prices following the twin shocks of President Donald Trump’s tariffs and the surprise boost in production from the…
Politics
Opec+ stuns oil market with policy shift to drive down price
For most of this decade, the Organization of the Petroleum Exporting Countries and its allies (Opec+) has been the world’s most stalwart…
Business
Oil dives 7% to lowest in over three years on China’s tariffs
Oil prices plunged 7 per cent on Friday (Apr 4) to settle at their lowest in over three years as China ramped up tariffs on US goods,…
Business
ExxonMobil signals higher oil, gas prices will help boost Q1 profit
EXXONMOBIL signalled on Thursday that higher crude oil and natural gas prices as well as stronger oil refining margins will help lift its…
Business
Oil and metals prices fall on concerns about the global economy.
Oil prices plunged Thursday on fears that President Trump’s latest round of tariffs would slow economic growth around the world, curbing…
Politics
Oil prices fall into negative territory as Trump announces new tariffs
Oil prices fell to negative territory after rising by a US dollar in post-settlement trade on Wednesday (Apr 2) as US President Donald…
Business
Oil slips on recession fears but posts third weekly gain
Oil prices fell on Friday (Mar 28) on worries that US tariff wars could spark a global recession, but gained for a third consecutive week…
Politics
Trump Threatens Tariffs Against Countries That Buy Venezuelan Oil
President Trump said on Monday that he would crack down on countries that bought Venezuela’s oil by imposing tariffs on goods those…
Politics
Trump to impose 25% tariff on countries that buy oil, gas from Venezuela
This “secondary tariff” will take effect on April 2, says Trump in a Truth Social post US President Donald Trump said on Monday (Mar 24)…
Business
Sinopec’s 2024 net profit drops 16.8% due to falling oil prices, NEVs
China Petroleum & Chemical Corporation, known as Sinopec, reported a 16.8 per cent decline in 2024 net profit, citing lower crude oil…
Politics
Oil prices hold steady as investors monitor Russia-Ukraine ceasefire talks
Oil prices held steady on Monday as investors assessed the outlook for ceasefire talks aimed at ending the Russia-Ukraine war, which could…
Politics
Oil prices rise for second consecutive week on expected tighter supply
Oil prices settled higher on Friday (Mar 21) and recorded a second consecutive weekly gain as fresh US sanctions on Iran and the latest…
Politics
Trump administration announces plans to expand oil and gas drilling in Alaska
The Trump administration said Thursday it will reopen most of Alaska's National Petroleum Reserve and will enable a liquid natural gas…