Despite the geopolitical shock, the modest scale of the rally suggested traders were not yet pricing in a prolonged disruption to global supply—or doubted that Iran would escalate in a way that threatens oil flows.
Saudi international relations expert Dr. Salem Alyami told Saudi news network Al Arabiya on Wednesday that the Kingdom’s major diplomatic concern at the moment is containing the Iran-Israel conflict to keep the rest of the Middle East from destabilizing.
A sharp rise in global oil prices following Israeli strikes on Iran will benefit Russia and bolster its military capabilities in the war in Ukraine, Ukrainian President Volodymyr Zelensky said.
The German Foreign Ministry has produced a report for the European Union (E.U.) found China was responsible for approximately 80 percent of attempts to circumvent sanctions against Russia.
On Monday’s broadcast of the Fox News Channel’s “Fox & Friends,” Rep. Brian Mast (R-FL) stated that it is possible to force Vladimir Putin to the table with strong sanctions and praised the sanctions implemented by President Donald Trump, but
Russia’s state statistical agency, Rosstat, reported on Friday that first-quarter gross domestic product (GDP) growth was only 1.4 percent, a steep decline from 4.5 percent growth in the last quarter of 2024.
Syrian President Ahmed al-Sharaa, the leader of jihadist terror group Hayat Tahrir al-Sham (HTS), reportedly offered oil and gas concessions, peaceful relations with Israel, and even a new Trump Tower in the capital of Damascus as inducements for President Donald Trump to meet with him during Trump’s visit to the Middle East this week.
On Tuesday’s broadcast of the Fox Business Network’s “Kudlow,” Interior Secretary Doug Burgum stated that putting secondary sanctions on all of Russia’s oil like the United States did with Iran’s oil is “a great idea” and that Russia has been
OPEC+ has reportedly begun to “unwind” voluntary production cuts, reducing oil prices to punish recalcitrant members, and perhaps to please President Donald Trump.
DELPHI, Greece — The Deputy Prime Minister of Kurdistan’s Regional Government in Iraq told Breitbart News exclusively that he and the Kurds look at President Donald Trump’s return to the White House as a historic opportunity for deeper business and economic ties between the United States and Kurdistan, as well Iraq as a whole.
Saudi Aramco, the huge national oil company of Saudi Arabia, on Monday signed a joint development agreement with Chinese electric vehicle (EV) giant BYD to collaborate on “new energy vehicle technologies.”
Chevron on Monday announced a massive project, kicking off oil and natural gas production from the Ballymore subsea tieback in the Gulf of America, which is expected to produce upwards of 75,000 gross barrels of oil daily — another major move towards energy independence and dominance for the United States of America.
The International Maritime Organization (IMO) held a meeting in London on Friday at which member nations agreed to impose the world’s first global carbon tax, a fee of $380 per metric ton on “greenhouse gases” emitted by ships up to a certain limit and $100 per ton beyond that.
Visibility was as low and neither ship involved had a dedicated lookout at the time of the smash, accident investigators say.
China on Tuesday condemned President Donald Trump’s imposition of secondary tariffs on countries purchasing Venezuelan oil and called for the U.S. to cease its “interference” in the South American nation.
A leading trade association has urged the leftist government in London to open up more domestic oil and gas production, arguing that half of the UK’s demand could be met under “the right business conditions”.
Russian President Vladimir Putin sent a message to Syria’s “interim president” Ahmed al-Sharaa on Thursday, offering “practical cooperation” and “friendly” relations to “stabilize the situation in the country as soon as possible.”
On Wednesday’s broadcast of the Fox News Channel’s “Special Report,” Energy Secretary Chris Wright stated that when ports that harbored sanctioned Iranian tankers were targeted during the first Trump term, it significantly decreased Iranian oil experts and this “stopped significant
CBS News reported on Thursday that the Trump administration is considering further restrictions on Russian oil, gas, and banking, even as the European Union (EU) prepares to remove several ultra-rich Russian oligarchs from its sanctions list under pressure from Hungary and Slovakia.
Russian captain of a ship that rammed into a U.S. govt-contracted jet fuel tanker off England has been arrested on a Manslaughter charge.
Foul play “not been ruled out” by White House after jet fuel-carrying tanker ship indirectly contracted to D.O.D. burns off east coast of UK.
The European Union (EU) has been talking very tough about its unwavering and unlimited support for Ukraine since Ukrainian President Volodymyr Zelensky’s disastrous visit to the White House, but data published by an independent research organization shows the EU spent more on Russian oil and gas in 2024 than it spent on Ukraine.
Oil deliveries to the Czech Republic from Russia have been halted, the state company operating the pipeline network said Tuesday.
The Norwegian government has vowed to continue supplying fuel to the United States Navy after an oil and shipping company in the country said it would boycott America over the confrontation between President Donald Trump and Ukraine’s Volodymyr Zelensky
Venezuela’s socialist regime criticized President Donald Trump’s decision to revoke an oil license granted by former President Joe Biden.
Former Iranian parliamentarian Mohammad-Javad Larijani told the Iranian Labor News Agency (ILNA) on Tuesday that Iran refuses to hold talks with the Trump administration because it fears the U.S. would use economic leverage to control Tehran, as it is allegedly doing with Ukraine.
Russian President Vladimir Putin and Chinese dictator Xi Jinping held a telephone conversation on Monday in which they reportedly discussed the efforts of “relevant parties” to “make positive efforts to defuse the Ukraine crisis.”
President Trump said after meeting with Indian Prime Minister Narendra Modi on Thursday that India will increase its purchases of American oil and military hardware, culminating in India’s purchase of the advanced F-35 fighter jet.
On Tuesday’s broadcast of MSNBC’s “Chris Jansing Reports,” Sen. Gary Peters (D-MI) discussed President Donald Trump’s tariff threat on Canada and stated that “if you’re looking at getting oil, if we’re not going to have oil in the United States,
Long-range drones struck one of Russia´s biggest oil refineries for the second time in three days, a senior Kyiv official said Monday.
President Donald Trump said on Thursday he would like to meet with Russian President Vladimir Putin “immediately” to negotiate an end to the Ukraine war. Putin responded on Friday that the Ukraine war might have been avoided if the 2020 U.S. presidential election had not been “stolen” from Trump.
Within hours of President Donald Trump’s inauguration on Monday, Chinese and Russian leaders Xi Jinping and Vladimir Putin held a 90-minute telephone conference to “deepen strategic coordination” and look out for each other’s interests in the “current global situation.”
California-based company Chevron filed tax returns worth about $300 million to the Venezuelan socialist regime, raising questions about how much dictator Nicolás Maduro benefits from Chevron’s oil production despite existing oil sanctions, Bloomberg reported on Thursday.
During an interview with “PBS NewsHour” aired on Friday, White House National Security Adviser Jake Sullivan argued that squeezing Venezuela’s oil sector hasn’t worked and that more targeted sanctions and rewards for information leading to the arrest of bad actors
During an interview with “PBS NewsHour” aired on Friday, White House National Security Adviser Jake Sullivan defended waiting to impose the large sanctions on Russia’s energy the Biden administration imposed on Friday by stating that “If we had sanctioned Russia’s
Kremlin spokesman Dmitry Peskov on Thursday reminded President-elect Donald Trump, who hopes to acquire Greenland, that Russia will protect its “strategic interests” in the Arctic region.
President-elect Donald Trump will not let Joe Biden’s ban on oil and gas drilling in certain federal waters stand in the way of providing Americans with inexpensive and abundant energy, according to spokeswoman Karoline Leavitt in an exclusive interview with Breitbart Confidential.
American business announces leftist tax hikes has prompted it to withdraw from North Sea oil, Trump warns UK is “making a very big mistake”.
A major electricity interconnector unexpectedly went offline on Christmas day, with officials saying they are not ruling out sabotage.
Oil delivery to the Czech Republic from Russia through the Druhzba pipeline has resumed, the pipeline operator said.
