United States President Donald Trump has said that the US has seized a sanctioned oil tanker close to the coast of Venezuela, in a move that has caused oil prices to spike and further escalates tensions with Caracas. “We’ve just seized a tanker on the coast of Venezuela, large tanker, very large, largest one ever, […]
‘Act of piracy’ or law: Can the US legally seize a Venezuelan tanker? Read More »
Oversupplied markets will keep oil prices under pressure next year, and the U.S. benchmark will average below $60 per barrel, the monthly Reuters poll of analysts and economists showed on Friday. The U.S. benchmark, WTI Crude, is expected to average $59 per barrel in 2026, according to the poll of 35 analysts and economists. That’s
Wall Street Warns of a Deepening Oil Glut in 2026 Read More »
By Julianne Geiger – Dec 02, 2025, 1:15 PM CST Saudi Arabia is doing something that might seem confusing; it’s spending more, borrowing more, and pushing ahead with massive economic projects, even though oil prices are far too low to balance the budget. According to the new 2026 budget outline released on Tuesday, Riyadh plans
Saudi Budget Defies Oil Slump With More Spending and More Debt Read More »
By Alex Kimani – Nov 30, 2025, 6:00 PM CST U.S. investors are pouring into Canadian oil and gas stocks, now owning 59% of the sector. The Trans Mountain expansion is running near full capacity. Canadian energy stocks are surging, with the TSX Energy Index up 19.5% YTD vs. 6% for the S&P Energy Index.
Canadian Energy Companies Are Outperforming Despite Weak Oil Prices Read More »
Oil drilling rigs Oil prices rose on Friday but remain on track for a fourth straight monthly loss, marking their longest losing streak since 2023. Brent futures for January 2026 delivery edged up 0.55%, or 34 cents, to $63.68 a barrel as of 09:09 am KSA time. An outage at exchange operator CME Group today
Oil rises, heads for 4th consecutive monthly loss Read More »
An employee of a gasoline station was killed after he was shot while on duty in Masbate City. According to a report on “Saksi” on Wednesday, CCTV footage showed that two men riding a motorcycle stopped by to refuel. One of them suddenly pulled out his a and shot the fuel pump attendant on the
Gasoline boy shot dead by rider at Masbate gas station Read More »
Oil drilling rigs Oil prices settled higher on Friday after reports that crude exports from Russia’s Novorossiysk port were halted following a Ukrainian attack, raising concerns over global supply disruption. Brent crude for January delivery climbed 2.19%, or $1.38, to $64.39 a barrel, posting a 1.20% weekly gain. US WTI crude for December delivery advanced
Oil settles over 2% higher, posts weekly rise Read More »
West Texas Intermediate (WTI) Oil price advances on Friday, early in the European session. WTI trades at $59.42 per barrel, up from Thursday’s close at $58.56. Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $62.69 price posted on Thursday, and trading at $63.52. WTI Oil FAQs WTI Oil is a type
Crude oil price today: WTI price bullish at European opening Read More »
By Charles Kennedy – Nov 13, 2025, 11:27 PM CST Oil prices climbed in early Asian trade on Friday as markets responded to renewed attacks by Ukraine against energy infrastructure in Russia. A Ukrainian drone attack on the Russian Black Sea port of Novorossiysk, one of the country’s most important oil export hubs, triggered renewed
Oil Prices Jump as Ukraine Hits One of Russia’s Biggest Export Hubs Read More »
By Michael Kern – Nov 10, 2025, 2:00 PM CST Oil prices made modest gains as the U.S. Senate advanced a funding bill expected to end the 40-day government shutdown, which analysts believe could temporarily lift fuel demand. The market’s upward movement is limited by persistent oversupply, evidenced by rising U.S. inventories and doubled Asian
Oil Prices Edge Higher as U.S. Shutdown Nears End, Oversupply Caps Gains Read More »
