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Low oil prices driven by weak demand and oversupply despite conflicts: Ian Bremmer

Low oil prices driven by weak demand and oversupply despite conflicts: Ian Bremmer

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Home World News Low oil prices driven by weak demand and oversupply despite conflicts: Ian Bremmer Eurasia Group president says geopolitical tensions, tariff disputes and US moves in Venezuela have not altered oil market dynamics, while China bets on post-carbon energy. Oil prices remain low due to weak demand and high supply, even as geopolitical […]

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‘We need to move’: Moe says Canada now in a race with Venezuela to find new markets for oil

‘We need to move’: Moe says Canada now in a race with Venezuela to find new markets for oil

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North American oil prices fell on the news of more supplies hitting the market Published Jan 08, 2026 Last updated 9 hours ago 6 minute read Premier Scott Moe says the United States’ military intervention in Venezuela and the possible takeover of the country’s oil resources has heightened the need to enhance export capacity for Canadian

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What the US strike on Venezuela could mean for global oil prices

What the US strike on Venezuela could mean for global oil prices

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The capture of former Venezuelan president Nicolás Maduro by the US intelligence services and armed forces has resulted in a frenzy of speculation about its consequences. But there is no doubt that the events were closely linked to the oil riches of the country. While the political situation in Venezuela remains fluid, there is far

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Crude oil prices rise after Maduro ouster as Wall Street braces for a big week that will put the U.S. economy back on Trump’s radar

Crude oil prices rise after Maduro ouster as Wall Street braces for a big week that will put the U.S. economy back on Trump’s radar

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Stock futures and oil prices edged higher on Sunday evening as investors began to digest the implications of the U.S. military raid on Venezuela that captured Nicolas Maduro. While the country has the world’s largest proven oil reserves, production has been waning for years amid U.S. sanctions, mismanagement by the Maduro regime, and underinvestment. President

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Shares climb in Asia, and South Korea’s Kospi hits a record close, in an upbeat start to 2025

Shares climb in Asia, and South Korea’s Kospi hits a record close, in an upbeat start to 2025

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Article content NEW YORK (AP) — Wall Street and other global markets are starting the new year on an upbeat note. The S&P 500 rose 0.4% early Friday, coming off a gain of more than 16% in 2025. The Nasdaq added 1%. But the Dow fell 60 points, or 0.1%. Benchmarks in Britain and South

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The 10 Most Important Energy Stories of 2025

The 10 Most Important Energy Stories of 2025

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By Robert Rapier – Dec 31, 2025, 6:00 PM CST Energy fundamentals, rather than policy narratives or geopolitics, dominated outcomes across oil, gas, and power markets. Infrastructure constraints, especially grids and LNG capacity, emerged as decisive bottlenecks for growth and transition. The energy transition continued, but more slowly and unevenly, as economics, reliability, and consumer

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Oil Prices Edge Higher as Energy Strikes Darken Russia-Ukraine Peace Hopes

Oil Prices Edge Higher as Energy Strikes Darken Russia-Ukraine Peace Hopes

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By Charles Kennedy – Dec 28, 2025, 6:36 PM CST Oil prices climbed in early Asian trading on Monday, as Russia attacked a key heating plant in Kherson and Ukraine targeted a Russian oil refinery. The strikes dampened hopes of a Russia-Ukraine peace deal, even as Trump and Zelensky claimed progress on a 20-point peace

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Why China Is Driving Short-Term Oil Prices But OPEC Still Holds the Lever

Why China Is Driving Short-Term Oil Prices But OPEC Still Holds the Lever

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By Charles Kennedy – Dec 27, 2025, 6:00 PM CST China now drives short-term oil price moves as its opaque import patterns, refinery margins, and strategic stockpiling increasingly shape marginal demand and near-term price discovery. OPEC’s influence has shifted to the medium term. In times of genuine supply stress, pricing power returns to producers. For

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Asian shares mostly gain and yen surges against the dollar

Asian shares mostly gain and yen surges against the dollar

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Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year]   NEW YORK (AP) — Stocks closed at another record on Wall Street Tuesday following a surprisingly strong report on economic growth over the summer. The U.S. government’s first assessment of economic growth during the third quarter also showed that inflation remains high. A separate report showed that

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Tinubu Presents ₦58.47 Trillion 2026 Budget Proposal To National Assembly

Tinubu Presents ₦58.47 Trillion 2026 Budget Proposal To National Assembly

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President Bola Tinubu has presented a ₦58.47 trillion budget proposal for the 2026 fiscal year to a joint sitting of the National Assembly. The budget was presented on Friday, with non-debt recurrent expenditure put at ₦15.25 trillion and capital spending set at ₦26.08 trillion. The proposal is based on a crude oil price benchmark of

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