Oil

Oil Erases Earlier Drop, Climbs Above $65 as Traders Await U.S. Response to Iran Unrest and Personnel Advisory at Qatar Air Base

Oil prices erased earlier losses and steadied Wednesday amid intensifying geopolitical tensions tied to unrest in Iran and unfolding U.S. policy responses. Brent crude traded above $65 a barrel, holding onto gains after topping the previous four sessions with more...
Exxon Mobil

Trump Signals Possible Exxon Exclusion From Venezuela After CEO Calls Country ‘Uninvestable’

United States President Donald Trump said on Sunday that he may block Exxon Mobil from investing in Venezuela after the oil major’s chief executive described the country as “uninvestable” during a White House meeting last week, underscoring growing tensions between...
Venezuela Oil

Oil Prices Steady Near $56 as Markets Weigh US Moves to Control Venezuela’s Future Crude Sales

Oil prices held onto recent declines on Wednesday as traders weighed fresh moves by the United States to tighten its grip over Venezuela’s future crude sales, adding another layer of uncertainty to an already well-supplied global market. West Texas Intermediate...
Donald Trump

Trump to Meet Oil Executives to Discuss Rapid Revival of Venezuela’s Crumbling Oil Sector

President Donald Trump is set to meet with executives from major oil companies later this week at the White House to discuss strategies for reviving Venezuela’s ailing oil industry, according to multiple sources familiar with the matter. Two sources told...
Venezuela Oil

Trump Claims $2bn Venezuelan Oil Deal as US Seeks to Divert Crude From China and Assert Control Over Caracas’ Energy Sector

US President Donald Trump has claimed that Venezuela will “turn over” approximately $2 billion worth of crude oil to the United States under a new arrangement that would redirect supplies away from China and ease pressure on Venezuela’s constrained oil...
Venezuela Oil

Oil Prices Drop After US Forces Seize Venezuelan Leader Maduro, Raising Prospect of Oversupply from World’s Largest Oil Reserves

Oil prices edged lower on Monday (Jan 5) after a dramatic United States military operation in Venezuela raised the prospect of increased crude supply from the OPEC nation with the world’s largest proven oil reserves, deepening concerns about a global...
Donald Trump

Trump Hails ‘Spectacular’ Operation Against Maduro, Puts Venezuela’s Oil at Center of Crisis

Donald Trump stunned allies and critics alike on Saturday by shifting the focus of a dramatic U.S. military operation in Venezuela away from drugs and security and squarely onto oil, repeatedly portraying the seizure of Nicolás Maduro as an act...
Crude Oil Prices

Oil Prices Decline Amid Tariff Concerns and OPEC+ Production Plans

Oil prices fell for a second consecutive day in early trading on Tuesday as global markets reacted to U.S. trade policies and concerns over slowing economic growth. The drop came amid growing fears that tariffs imposed by the United States...
Crude Oil Prices

Oil Prices Steady After Sharp Decline as U.S. Considers Easing Tariffs on Canadian Crude

Market Recovers Slightly Following Four-Day Drop Amid Trade Uncertainty and OPEC+ Output Plans Oil prices steadied on Thursday after suffering a sharp decline over the past four trading sessions. Investors responded cautiously to signs that the U.S. may ease tariffs...
Crude Oil Prices

Oil Markets Plunge Amid Trump’s Push for Lower Prices and Increased Production

Oil markets took a sharp turn on Friday, as crude prices declined following U.S. President Donald Trump’s calls for the Organization of the Petroleum Exporting Countries (OPEC) and its de facto leader Saudi Arabia to cut oil prices. Trump’s remarks,...
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