Pacing inside the Kremlin last weekend, as news feeds churned out minute-by-minute reports of Donald’s Trump’s Venezuelan coup, Vladimir Putin may have been wondering what it would mean for the price of oil. Crude oil has lubricated the Russian economy for decades – far more than gas exports to Europe – and so the threat […]
Why Russia’s economy is unlikely to collapse even if oil prices fall Read More »
Oil drilling rigs Oil prices rose on Friday, heading for a third consecutive weekly gain, amid uncertainty over future supplies from Venezuela and escalating geopolitical tensions in Europe and the Middle East. March Brent futures climbed about 0.75%, or 48 cents, to $62.47 a barrel by 09:08 am KSA time. February WTI futures also gained
Oil rises, set for 3rd weekly gain on supply uncertainty Read More »
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
Low oil prices driven by weak demand and oversupply despite conflicts: Ian Bremmer Read More »
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
Donald Trump plans to use Venezuela’s vast crude reserves to establish control of most of the western hemisphere’s oil in an attempt to drive the market price down to about $50 (£37) a barrel, according to reports. The US president has repeatedly raised the prospect of producing enough crude from Venezuela’s oilfields to drive down
Trump plans to use Venezuela’s huge crude reserves ‘to cut US oil price to $50 a barrel’ Read More »
TLDR Exxon Mobil warned falling crude prices could cut Q4 upstream profit by $800 million to $1.2 billion Crude prices dropped sharply in late 2024, with Brent down 19% and WTI down nearly 20% for the year Natural gas price changes could impact earnings anywhere from a $300 million loss to a $100 million gain
Exxon Mobil (XOM) Stock: Company Warns of $1.2B Q4 Profit Hit from Lower Oil Prices Read More »
By Julianne Geiger – Jan 07, 2026, 10:53 AM CST Crude oil inventories in the United States posted a sharp draw last week, even as gasoline and distillate stockpiles recorded sizable builds, according to new data released Wednesday by the U.S. Energy Information Administration (EIA). U.S. commercial crude oil inventories, excluding the Strategic Petroleum Reserve,
Oil Slips as EIA Reports Crude Draw, Sharp Builds in Gasoline, Distillate Stocks Read More »
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
What the US strike on Venezuela could mean for global oil prices Read More »
Trading on Wall Street was mixed in light trading early Tuesday while gains for oil prices moderated following the U.S. military operation in Venezuela over the weekend the led to the capture of its president, Nicolas Maduro. Futures for the S&P 500 were flat, while futures for the Dow Jones Industrial Average fell 0.1%. Nasdaq
Asian shares and US futures advance, as Tokyo’s Nikkei 225 hits a record high Read More »
Shortly after launching a dramatic raid in which U.S. forces abducted Venezuelan leader Nicolás Maduro on Saturday, President Donald Trump justified the action with a promise to revive Venezuela’s moribund oil industry. The country has by far the largest claimed reserves of crude oil in the world, accounting for almost a fifth of the planet’s
Trump says he’ll unleash Venezuela’s oil. But who wants it? Read More »
