Brent crude prices approached $96 per barrel on Thursday. Escalating tensions between the United States and…
Tag: oil
U.S. Signs $200 Billion Oil Deal with Venezuela’s NABEP
The U.S. has signed a major oil deal with Venezuelan company North American Blue Energy Partners…
Venezuela’s Oil Deal with US Could Generate $209 Billion
Venezuela's interim President Delcy Rodríguez announced on Saturday that a new energy agreement with the United…
U.S. Pursues Direct Ownership of Venezuelan Oil Fields
The United States is in talks to acquire direct ownership stakes in key Venezuelan oil fields.…
Houthi Missile Strike Hits Saudi Oil Tanker in Red Sea
Yemen's Houthi rebel group said they carried out a missile strike on a Saudi oil tanker…
Shipping Executives Optimistic Despite Geopolitical Tensions
The shipping industry is seeing a rise in optimism despite ongoing geopolitical tensions, especially in the…
Six EU Nations Call for Windfall Tax on Oil Companies
Finance ministers from six EU countries are calling for a windfall tax on oil companies due…
Oil Traffic Through Hormuz Rises Amid Iranian Tensions
Oil traffic through the Strait of Hormuz has surged to an average of 8 million to…
China’s Oil Imports Decline as Prices Remain Elevated
China's crude oil imports are expected to drop as prices stay above $90 per barrel. In…
Gulf-to-China Supertanker Rates Surge to $510,000 Daily
The daily rate for chartering a supertanker from the Persian Gulf to China has reached $510,000.…