Oil

Oil prices slide 2% to two-week low on talk of progress in US-Iran talks
Oil prices slide 2% to two-week low on talk of progress in US-Iran talks
Investors are closely watching US-Iran relations as any escalation or conflict could lead to Iran closing the Strait of HormuzPublished Wed, Feb 18, 2026 · 06:47 AM[NEW YORK] Oil...
US forces board second sanctioned oil tanker in Indian Ocean
US forces board second sanctioned oil tanker in Indian Ocean
Published Mon, Feb 16, 2026 · 08:09 AMTHE US military boarded an oil tanker in the Indian Ocean after tracking the vessel for thousands of miles, saying it tried...
Opec+ agrees to keep oil output unchanged as Iran tensions boost prices
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.Published Sun, Feb 1, 2026 · 11:27 PM[MOSCOW/LONDON]...
Trump welcomes China, India investment in Venezuela oil
Trump welcomes China, India investment in Venezuela oil
Published Sun, Feb 1, 2026 · 01:08 PM[WASHINGTON] President Donald Trump said on Saturday (Jan 31) he welcomed investment by China and India in Venezuela’s oil industry.“China is welcome...
Oil prices slide 2% to two-week low on talk of progress in US-Iran talks
Oil hovers near six-month high as investors track US-Iran tensions
Published Sat, Jan 31, 2026 · 07:37 AM[HOUSTON] Oil prices dipped a few cents per barrel on Friday (Jan 30), consolidating recent gains and holding near six-month highs, supported...
Vitol and Trafigura – traders at the heart of Trump’s Venezuela oil grab
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 tradeUS PRESIDENT Donald Trump has portrayed his takeover of Venezuela’s oil...
Venezuelan banks will get US0 million of oil money to sell on exchange market: sources
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 an account in Qatar, enabling them to...
Oil tanker rates spike as US push into Venezuela redraws flows
Oil tanker rates spike as US push into Venezuela redraws flows
The global oil industry is working through the consequences of Washington’s move earlier this month[HONG KONG] The shipping market is being shaken up by Washington’s intervention in Venezuela, as...
Oil falls 2% on looming supply glut, hopes of Ukraine peace deal
Oil falls 2% on looming supply glut, hopes of Ukraine peace deal
[HOUSTON] 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 eye on a...
China’s CNOOC makes second big oil find in Bohai Sea
China’s CNOOC makes second big oil find in Bohai Sea
[BEIJING] China’s oil major CNOOC Limited said on Wednesday (Dec 24) it has discovered an oilfield with proved in-place volumes exceeding 100 million tons of oil equivalent in its...