Why US Refiners Won’t Ditch Canadian Crude
Mexico’s President Claudia Sheinbaum has announced that U.S. tariffs are on hold for one month after she held…
Oil Prices Spike As Markets Digest Trump’s Iran Crackdown
By Julianne Geiger – Feb 04, 2025, 9:50 AM CST Oil prices took a sharp turn today as…
Oil Prices Down Despite the Return of Trump’s Maximum Pressure Campaign on Iran
Crude oil prices started trade today with a dip despite the latest news around President Donald Trump who…
Russia Faces An Impending Oil Tanker Crisis As Sanctions Pile Up
By Julian Lee Feb 7, 2025 (Bloomberg) –On Jan. 10, the US Treasury sanctioned 161 oil tankers for their…
US Prepared to Ramp Up Sanctions on Putin: Trump’s Ukraine-Russia Envoy
President Donald Trump is prepared to “really increase” U.S. sanctions for Russia in order to end the war…
EU Weighing Lifting Syria Sanctions
The European Union is currently discussing a deal to partially suspend several sanctions on Syria’s energy industry, including…
Trump’s Iran Sanctions Hit 3 Ships Involved In China Trade
By Alex Kimani – Feb 07, 2025, 11:00 AM CST
3 vessels carrying Iranian crude to China…
Short Term Demand Concerns Weigh on Oil
Crude oil markets remain under pressure this week as rising U.S. inventories, escalating U.S.-China trade tensions, and demand…
Russia’s Crude Oil Exports to EU via Ukraine Dropped 15% in 2024
Russian crude oil exports to the EU via Ukraine fell by 15% last year from a year earlier,…
Trump ready to double down on Russian sanctions: US’ Ukraine envoy Keith Kellogg
WASHINGTON — President Trump is prepared to double down on US sanctions for Russia to bring about an…
US Treasury sanctions network delivering Iranian oil to China
The US Treasury announced financial sanctions on Thursday, the first under the new administration of US President Donald…
OPEC’s Oil Production Continued to Decline in January
OPEC’s oil production declined in January for a second consecutive month amid lower output from Iran and Nigeria,…