Oil
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Under Trump Pressure, G7 Announces Release of 100 Million Barrels of Oil
The G7 has agreed to release up to 100 million barrels of diesel and crude oil over four months. This eases fears of a US ban on diesel exports, which…
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TotalEnergies Rewards Shareholders as Oil Prices Soar
TotalEnergies is set to give more money to its shareholders as the war in the Middle East pushes oil prices and profits higher. On Monday, September 28, the French energy…
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Germany Wants a European Tax on Oil Companies’ Windfall Profits to Offset Rising Energy Prices
Several countries led by Germany called on Friday for a European tax on oil companies’ windfall profits. The push came during a ministerial meeting in Dublin. German Finance Minister Lars…
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Venezuela Says It Keeps Sovereignty in US Oil Deal
Venezuela’s interim president, Delcy Rodriguez, says the country is preserving its sovereignty. This comes after a deal to hand over billions of barrels of oil to the United States. The…
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Donald Trump Announces US Takeover of Venezuelan Oil
Donald Trump announced on Friday, August 28, that the United States has taken control of Venezuela’s oil reserves. According to the US president, Washington has concluded an agreement with Caracas…
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Fueling Vulnerability: The Economic and Strategic Costs of Oil Dependence in the Pacific
Pacific Island countries (PICs) face extreme economic vulnerability due to a dual dependence on traditional trade partners and imported petroleum. Economically anchored to nations like Australia, New Zealand, and the…
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In the waters off Malaysia, Iranian oil sales continue despite blockade
Despite ongoing military conflict and a active naval blockade targeting Iranian ports, illicit Iranian crude oil sales continue to flow through specialized maritime networks.
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Trump administration sanctions Cuba’s national oil company, blasts Castros
The United States has escalated its “maximum pressure” campaign against Cuba. By sanctioning the state-owned oil and gas company, Unión Cuba-Petróleo (CUPET). U.S. Secretary of State Marco Rubio characterized the…
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China’s Lower Oil Imports Help Stabilize the Global Economy
China Reduces Oil Imports China’s sharp reduction in crude oil imports has helped stabilize global energy markets during the Iran war. According to The Wall Street Journal, Chinese crude imports…
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The timing of the impending crude crisis
At first glance, global oil markets appear to have absorbed the disruption caused by the closure of the Strait of Hormuz better than expected. Oil prices have risen, but they…
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Could Brazilian oil emerge as one of the big winners of the Iran war?
China and India are among the countries that have increased their imports on Brazilian crude oil after the disruptions of the Strait of Hormuz.
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Oil Wavers on Mixed Signals in Middle East Talks
Oil prices and global financial markets reacted sharply on Monday as geopolitical tensions in the Middle East created uncertainty for investors and policymakers alike. While diplomatic signals hinted at possible…
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The Strait of Hormuz: A U.S. – Iran Maritime Flash Point
En: Think TanksStrategic Waterway in the Middle East First, the Strait of Hormuz is a narrow maritime passage connecting the Persian Gulf with the Gulf of Oman, located between Iran and the…