Keywords: Oil
New tariffs reshape international trade dynamics US President Donald Trump has implemented sweeping tariffs on imports from over 90 countries, sparking diplomatic tensions and economic anxiety worldwide. The tariffs aim to address what the administration views as a skewed global trade system. On his......
Aramco, the world's largest oil exporter and cornerstone of the Saudi economy, continues to see declining profits for the tenth consecutive quarter since its record highs in late 2022. The company's net income fell from $29.07 billion to $22.67 billion, largely due to “lower crude oil,......
In a strategic move to regain market share, the eight key members of OPEC+, including Saudi Arabia and Russia, announced on Sunday an increase of 547,000 barrels per day starting in September 2025. This marks the end of a production hike cycle initiated in April. The decision was largely anticipated......
A Ukrainian drone attack triggered a fire at an oil storage facility in Sochi, a resort city in southwestern Russia known for hosting the 2014 Winter Olympics. Local authorities confirmed the incident on Sunday, noting there were no casualties. The governor of Russia’s Krasnodar region, Veniamin......
U.S. President Donald Trump has once again expressed his growing frustration with Russian President Vladimir Putin, criticizing Moscow’s continued aggression in Ukraine. Despite campaign promises to swiftly end the conflict and surpass his predecessor Joe Biden’s efforts, Trump has struggled......
India’s ongoing purchase of Russian oil has been described as a “point of irritation” by US Secretary of State Marco Rubio, who highlighted its impact on the strategic partnership between New Delhi and Washington. Speaking in an interview with Fox Radio, Rubio acknowledged India’s......
Iran has sharply criticized the latest round of U.S. sanctions targeting a fleet of oil tankers and container ships allegedly operated by the son of a key political advisor to Supreme Leader Ayatollah Ali Khamenei. Foreign Ministry spokesman Esmaeil Baghaei described the measures as “malicious,”......
California's top Republican in the State Senate, Brian Jones, has praised the Trump administration for reviving the Santa Ynez Unit oil project off the state's coast. This comes after years of opposition from prominent Democrats, including Rep. Adam Schiff, following the 2015 shutdown caused......
The U.S. government announced on Wednesday a sweeping new round of sanctions against Iran, targeting over 50 individuals, entities, and more than 50 ships allegedly connected to a commercial fleet controlled by the son of a prominent Iranian official. In what it described as the “largest Iran-related......
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