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Crude Oil News, Politics & Analysis
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Syria resumes crude oil exports after 14 years, signaling a major...
Tartus — Syria has exported its first shipment of crude oil in more than a decade, marking a dramatic turn in the country’s fortunes...
US cancels India trade talks in latest show of Economic blackmail
Washington — The United States has abruptly canceled its August trade talks with India, casting a long shadow over the fragile economic partnership between...
America loses Dollar’s supremacy in global trade as Saudi Arabia shifts...
The United States has witnessed the erosion of the dollar's long-held dominance in global trade. The catalyst? Saudi Arabia’s decision to no longer sell...
Oil drops amid reports of Iranian crude export deal
Oil fell sharply, after a news report quoted sources as saying Iran and the United States were close to an interim deal that eases...
Oil rises, supported by the possible halt in the rise in...
At an OPEC+ meeting last Sunday, the alliance announced that it had agreed on a new production target of 40.46 million barrels per day...
For these reasons, oil markets are on the rise, overcoming fears...
Data from the US Energy Information Administration revealed a sudden drop in crude inventories of 500,000 barrels in the week ending June 2, as...
Possibilities to stop rising US interest rates push oil higher
Officials from the Federal Reserve (the US central bank) on Wednesday hinted at a possible missed rate hike in June, contrary to market...
Chinese headwinds blow over oil, despite progress on debt ceiling law
Legislation negotiated by President Joe Biden and House Speaker Kevin McCarthy to raise the US debt ceiling by $31.4 trillion cleared a significant...
US crude poised for small weekly losses
As of 0300 GMT, Brent crude fell 51 cents, or 0.7%, to $75.75 a barrel, while US West Texas Intermediate crude fell 30 cents,...
US debt concerns put pressure on oil markets
Fitch has placed the US AAA credit rating on watch for possible downgrade due to the risk of Washington defaulting on its debts if...
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Israel Palestine Conflict day 667: Israel seizes Gaza flotilla boat, deportations...
ASHDOD, Israel—The last boat in a weeks-long civilian convoy to Gaza, an aging trawler renamed Marinette, was seized at sea before dawn on Friday,...
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