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Global oil prices drop to multi-month lows amid optimism for a Russia-Ukraine peace deal Brent crude fell to $62.67 and WTI to $58.29 after rumors of a U.S.-brokered Russia-Ukraine ceasefire,…
Ukraine War fueling geopolitical tensions: U.S. tariffs spark trade war with India over Russian oil purchases Trump imposes 25% tariffs on India for purchasing Russian oil, risking global trade tensions.…
Denis Alipov: U.S. “planting a time bomb” with tariffs on India Denis Alipov, Russia’s ambassador to India, warned that U.S. punitive tariffs over New Delhi’s ties with Moscow harm U.S.-India…
Turkey’s bold energy expansion threatens western dominance as Ankara seeks oil and gas in Bulgaria, Libya, and Iraq Turkey’s Energy Minister confirms plans for oil and gas exploration in Bulgaria’s…
Brent crude oil prices soar above $81 as Libya shuts down oil production and exports Libya’s eastern government has announced its intention to shut down oil production and exports, causing…
CONFIRMED: Iran just reclaimed an oil tanker in Gulf of Oman that U.S. stole last year Acting under a court order, Iranian naval forces have seized a Marshall Islands-flagged oil…
EU worried about diesel and oil supply shocks caused by Israel-Palestine conflict European Union (EU) officials held an emergency meeting on Friday, Oct. 27, to discuss the potential for the…
Iraqi PM warns: Fighting between Israel and Hamas could disrupt Middle East oil supplies worldwide Iraqi Prime Minister Mohammed Shia al-Sudani has warned that fighting between Israel and Hamas, which…
Most people think everything is fine. The Fed is getting inflation under control and soon they’ll be able to cut interest rates, keeping the economy from falling into a deep…
(NaturalNews) Indian buyers see no reason to turn away from Russian Urals crude even as the discount to global benchmarks narrows. They argue that similar-quality…
(Natural News) The vast majority of Russian oil exports had been rerouted to China and India as Moscow continues to reduce its dependence on the European Union (EU) oil trade.…
(Natural News) Poland has threatened to cut off oil exports to Germany’s PCK Schwedt Refinery if it does not completely remove a Russian company as a shareholder. The PCK Schwedt…
(Natural News) Russia announced on Friday, Feb. 10, that it will cut oil production by 500,000 barrels per day in March in retaliation for a United States- and European Union-led…
(Natural News) The price of oil will rise back above $100 a barrel this year, and will continue rising in 2024 due to serious supply problems as spare production capacity…
(Natural News) Another oil price surge is expected in December in the U.S. if a European embargo on Russian oil goes into effect and the Saudis refuse to increase production…
(Natural News) Some of the United States’ leading energy executives have spoken with Secretary of Energy Jennifer Granholm, warning her and the administration that many shuttered oil refineries won’t be…
(Natural News) Oil prices in the United States are continuing to rise as the dollar weakens and the White House exports more and more crude oil and fuel. From Tuesday,…
(Natural News) The Kingdom of Saudi Arabia (KSA) has confirmed that President Joe Biden’s administration requested KSA to delay the Organization of the Petroleum Exporting Countries (OPEC +) decision to…
(Natural News) Gas prices are set to rise after the November 2022 midterm elections, coinciding with the end of President Joe Biden’s raid on the Strategic Petroleum Reserve (SPR). During…
(Natural News) The Organization of the Petroleum Exporting Countries (OPEC) and its associated producers announced Sept. 5 that they will decrease oil production by 100,000 barrels per day (bpd). The…
(Natural News) Portfolio managers were bullish on purchasing U.S. distillates last week as shortages in diesel and heating oil continue. Hedge funds and other investment pools bought the equivalent of…
(Natural News) Truckers continue to struggle as diesel prices in the United States hit record levels. On Thursday, May 12, the average price of diesel in the U.S. hit a…
(Natural News) The average retail cost of a gallon of gas in the United States hit a record-high of $4.374 on Tuesday, May 10, according to the American Automobile Association…
(Natural News) Widespread diesel shortages will affect everything in America from the food supply to manufacturing and services. Refiners in the United States are now receiving an average of over…
(Natural News) An oil company owned by the Chinese government announced plans to drop its assets in Western countries for fear of sanctions that may be imposed on it. Industry…