Oil prices steadied on Tuesday as threats by U.S. President Donald Trump to impose secondary tariffs on Russian oil and to attack Iran fed supply concerns, but a trade war fed worries that energy demand could slow.
OPEC+ is expected to agree on a plan that would see production for the group increase in May, OPEC+ sources told Reuters on Tuesday.
A Russian oil pumping station burned for a week after a drone strike. CPC said oil transfer is halted, impacting its international shareholders.
Russia has ordered Kazakhstan's main oil export terminal, which handles crude pumped by U.S. majors Chevron and Exxon Mobil , to close two of its three moorings amid a standoff between Kazakhstan and OPEC+ over excess production.
Arctic LNG 2, the processing and export facility that was billed as Russia’s flagship LNG project, has gradually resumed gas processing after months of hiatus
A deal between Russia and Ukraine to pause attacks at sea and against energy targets offset concerns about tighter supply due to threatened U.S. tariffs on countries buying Venezuelan oil.
Oil prices diverged on Tuesday as a maritime and energy truce between Russia and Ukraine offset concerns about tighter global supply due to threatened U.S. tariffs on countries buying Venezuelan production.
Ukraine's strikes on Russian energy sites will have to stop temporarily, following Russia's agreement to begin the limited ceasefire.
The US Supreme Court on Monaday denied a request to review an appellate court ruling in an antitrust suit alleging Exxon Mobil Corp. and other oil giants colluded with President Donald Trump during his first administration,
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The Kyiv Independent on MSNRussia's gas production plummets following Ukraine's transit halt, media reportsRussia’s natural gas production saw a significant decline in February, dropping 11.3% year-on-year to 57.2 billion cubic meters (bcm), according to Russian media outlet Kommersant, which cited sources familiar with the data from the country's Energy Ministry.