Tag: Oil and Gas
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Oil prices fall as traders assess Russian diesel supply prospects and Saudi-Houthi conflict
Oil prices fell as investors assess potential supply disruptions against prospects of more Russian diesel entering global markets.
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Trump defends Russia diesel deal after bipartisan pushback: ‘I made the right choice’
Ukraine President Volodymyr Zelenskyy said that the U.S. easing sanctions on Moscow “plays into Russia’s hands.”
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Trump turns to Russian diesel ahead of midterms, but analysts see little price relief
President Donald Trump’s latest effort to ease a diesel supply crunch ahead of November’s midterm elections is unlikely to make a dent on prices.
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Oil falls after Trump declares ‘energy ceasefire’ between Russia and Ukraine
News of Iran reportedly offered to mediate between Yemen’s Houthis and Saudi Arabia helped to bring oil prices lower.
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Putin relayed Iran war proposal to Trump, Kremlin says
Putin’s reported call with Trump regarding the Iran war comes on the heels of a deal for the U.S. to buy Russian diesel amid a surge in fuel prices.
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Trump’s diesel agreement with Putin accused of contradicting Russia sanctions law
Ukraine President Volodymyr Zelenskyy said in a searing statement that the U.S. easing sanctions on Moscow “plays into Russia’s hands.”
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Tanker attacks in Strait of Hormuz surge to wartime high as Iran tries to choke off oil exports
The escalating attacks are testing whether a rebound in crude oil exports from the Middle East can be sustained under high-risk conditions.
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Pilot killed in attacks by Iran-backed Houthis on Riyadh airport; Saudi-led coalition vows ‘firm’ response
Two attacks were launched on Saudi Arabia’s King Khalid International Airport Thursday, officials said.
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Treasury sanctions 17 tankers linked to Iran’s ‘shadow fleet’ in economic pressure campaign
The additional sanctions are part of the Trump administration’s military and economic campaign against Iran.
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The Indian billionaire investing in Trump’s refinery project is also buying more Venezuelan crude
Outside the U.S., India is the biggest destination for Venezuelan oil, with Reliance Industries purchasing the bulk of it.
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