In a significant diplomatic and economic shift, the Trump administration has agreed to slash tariffs on Indian goods after securing a commitment from New Delhi to phase out purchases of Russian crude oil.
Following months of escalating tariffs, the U.S. and India have reached a tentative trade agreement. The deal, announced by former President Trump, reportedly includes a commitment from New Delhi to shift its oil imports away from Russia.
In a landmark agreement announced by former President Trump and Prime Minister Modi, the U.S. will slash tariffs on Indian goods, while New Delhi commits to halt Russian oil imports and significantly increase purchases of American energy and goods.
A Russian cargo ship captain has been found guilty of gross negligence manslaughter after his vessel collided with an anchored oil tanker in the North Sea, resulting in a fiery blaze and the death of a Filipino crew member whose body was never recovered.
Chevron CEO Mike Wirth signals the energy giant could significantly ramp up processing of Venezuelan crude at its U.S. refineries, following a pivotal Treasury Department license that eases trade restrictions with Caracas.
U.S. stocks advanced cautiously Monday as investors braced for a wave of corporate earnings reports, while crude oil prices tumbled sharply. The focus remains on key tech results and evolving geopolitical developments affecting global trade and energy markets.
A U.S.-sanctioned Russian cargo aircraft, linked to prior military support in Venezuela, landed at a Cuban military airfield. The arrival coincides with a declared U.S. national emergency over Cuba and fuels concerns over Moscow's strategic activities in America's backyard.
The United Arab Emirates has achieved a milestone in its economic transformation, with non-oil trade exceeding $1 trillion for the first time in 2025. This rapid growth is closing the export gap with regional heavyweight Saudi Arabia, as both Gulf states accelerate their push beyond hydrocarbons.
Crude oil benchmarks plunged over 7%, with Brent near $66 and WTI around $62, as President Trump's comments eased fears of a U.S.-Iran conflict and a sell-off in metals markets spilled over. Analysts suggest the drop reflects a rapid unwinding of risk premiums rather than a fundamental change in supply dynamics.
Crude oil futures surrendered early gains to close lower Friday, as de-escalating rhetoric from Washington over Iran and a stronger dollar offset ongoing geopolitical tensions and supply constraints.
Crude oil and gasoline prices advanced on Friday, supported by persistent geopolitical risks in the Middle East and ongoing supply constraints, though gains were tempered by a stronger dollar and diplomatic signals.
Malaysia's state energy giant Petronas unveils a sweeping three-year plan to sustain domestic oil and gas output, expand its global LNG footprint, and position itself as a regional leader in carbon capture, navigating the complex transition toward a lower-carbon future.
In the oil-rich state of Zulia, PDVSA workers and pensioners view sweeping industry reforms, enacted after U.S. political intervention, with a volatile mix of fragile hope and deep-seated skepticism. While some anticipate long-awaited economic relief, others dismiss the changes as political theater unlikely to reverse decades of decline.
Crude oil futures fell sharply on Monday, erasing recent gains tied to Middle East tensions, as the prospect of renewed diplomatic talks between Washington and Tehran eased fears of a major supply disruption.
Venezuelan oil exports jumped to nearly 800,000 barrels per day in January, rebounding from a low of 498,000 bpd in December, following a U.S. policy shift that allowed key traders to resume shipments, according to tanker tracking data.
While the energy sector retrenched amid falling crude prices, ExxonMobil executed a massive $20 billion share repurchase program in 2025, underlining its financial muscle and commitment to shareholder returns. The oil giant also reported earnings that beat estimates, driven by record production in the Permian Basin and Guyana, even as it takes a hardline stance on reinvesting in Venezuela.
German federal prosecutors have arrested five individuals accused of orchestrating a vast procurement network that allegedly funneled millions of euros worth of goods to Russian defense companies, in direct violation of EU sanctions imposed following the invasion of Ukraine.
Analysts at Piper Sandler have increased their price target for Permian Basin-focused producer Diamondback Energy (FANG) to $218, maintaining an Overweight rating. The move comes as the firm anticipates solid Q4 results for gas-focused companies, while oil producers navigate a tougher pricing environment.
Magnolia Oil & Gas Corporation announces a dividend increase to $0.165 per share, as strong earnings growth and a sustainable payout ratio paint an optimistic financial picture for the Houston-based independent producer.
A Russian drone attack on a bus carrying Ukrainian miners home from work has left at least 12 dead and 8 wounded, officials say, in what is being condemned as a deliberate strike on civilians.
