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Oil up over potential 'flexibility' in US reciprocal tariffs, ongoing Russia-Ukraine tension

- US President Donald Trump signals 'flexibility' on reciprocal tariffs set to take effect on April 2

11:25 Oil

Trump signs executive order imposing tariffs on countries importing Venezuelan oil

- From April 2, tariff of 25% may be imposed on all goods imported into the US from any country that imports Venezuelan oil

09:58 General

Potential Russia-Ukraine peace would boost agriculture, oil prices: Expert economist

- Peace would be ‘good for world,’ though setbacks from Washington may mean problems for US, as stock market ends long trouble-free course under Trump’s 2nd term, says Jim Rogers

09:57 General

Russia accuses Ukraine of targeting oil pumping station in Krasnodar region

- Defense Ministry claims Ukrainian drone intercepted 7 kilometers from Kropotkinskaya pumping station, Kyiv has yet to respond to Moscow's claims

24.03.2025 General

Oil down amid Black Sea ceasefire hopes, impending tariffs

- Fresh US sanctions on Iran raise supply concerns as its expected to tighten global oil markets and impact Middle Eastern oil trade

24.03.2025 Oil

US oil rig count down by 1 for week ending March 21

- Number of US oil rigs down by 23 compared to one year ago

22.03.2025 Oil

Oil set for weekly gains amid Mideast tensions, US sanctions on Iran

- Expectations of stronger demand from China also provide upward momentum for prices

21.03.2025 Oil

Oil giants' profits decline 16% in 2024

- In total, companies' combined net profits drop from approximately $259.2 billion in 2023 to $217.65 billion last year

21.03.2025 Oil

Oil down over strong dollar, demand fears

- New US sanctions on Iran and OPEC+'s latest production cut plan limit further price drops

21.03.2025 Oil

Oil prices rise on Middle East tensions, lower US output

- Yemen’s Houthi group announces that 16 of its members are killed in US airstrikes

20.03.2025 Oil

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US urges Iraq to reach agreement with oil firms to resume exports via Iraq-Türkiye Pipeline

- Reopening Iraq-Türkiye pipeline ensures Iraqi oil can reach global markets, says State Department

20.03.2025 Oil Energy Diplomacy

US crude oil inventories up by 0.4% for week ending March 14

- Daily crude oil production reaches roughly 13.57 million barrels per day

20.03.2025 Oil

Oil prices decline amid 30-day ceasefire on Ukraine's energy infrastructure

- Tensions in Middle East raise concerns over supply disruptions in region, limiting further price losses

19.03.2025 Oil

Oil rises amid Gaza attacks and growing China demand

- Prices increase with escalating geopolitical risks, Red Sea security threats, and uncertainty over US Fed policy

18.03.2025 Oil

Oil up on Red Sea tension, China's stimulus measures

- Escalating US and Yemen clashes and Red Sea hostilities threaten oil supplies, while China's focus on domestic demand boosts expectations of higher consumption

17.03.2025 Oil