Syria Resumes Oil Exports After Assad’s Ouster DAMASCUS – Syria has restarted crude oil exports for the first time since the fall of former president Bashar al-Assad, with the new government promising to rebuild the country’s shattered economy. Riyad al-Joubasi, assistant director for oil and gas at the Ministry of Energy, told Reuters that heavy […]
Oil Prices Dip as Supply Pressures Weigh on Market Despite Geopolitical Tensions Global oil prices slipped on Friday as supply concerns outweighed geopolitical risks, with traders preparing for the expiration of Brent’s October contract. At 02:51 GMT, Brent crude futures for October delivery fell 53 cents, or 0.8%, to $68.09 per barrel, while the more […]
Trump’s 50% Tariffs on India Strain Ties Amid Russia Oil Dispute WASHINGTON/NEW DELHI – President Donald Trump has ramped up pressure on India over its energy trade with Russia, a major funding source for Moscow’s war in Ukraine. The sweeping new tariffs—set at 50 percent—mark some of the harshest trade measures against a U.S. partner, […]
Oil Prices Slip After Hitting Two-Week Highs on Supply Concerns SINGAPORE – Oil prices edged lower in early Asian trading on Tuesday, after rallying to their highest levels in more than two weeks a day earlier amid renewed concerns over supply disruptions from the Russia-Ukraine conflict. Brent crude futures slipped 16 cents, or 0.23%, to […]
The measures cover Greek national Antonios Margaritis and his network of companies and vessels that the Treasury said were involved in transporting Iranian oil exports in violation of sanctions. Treasury also designated Ares Shipping Limited in Hong Kong, Comford Management in the Marshall Islands, and Hong Kong Hangshun Shipping Limited in Hong Kong. Designated crude […]
U.S. Accuses India of Profiting From Russian Oil, Trump Imposes 25% Tariffs According to CNBC, Bessent told “Squawk Box” that India’s oil dealings with Russia amount to profiteering, with some of the country’s wealthiest families raking in an estimated $16 billion in excess profits. Since Russia invaded Ukraine in 2022, India has emerged as Moscow’s […]
Trump Aide Criticizes India for Buying Oil from Russia WASHINGTON – A close aide to former U.S. President Donald Trump has strongly criticized India for continuing to buy oil from Russia. Stephen Miller, who was Trump’s deputy chief of staff, said on Fox News that Trump thinks it is “not acceptable” for India to help […]
Pakistan and the US Finalize Major Trade Deal ISLAMABAD – Pakistan and the United States have signed a big trade deal that will help both countries work closely in energy, mining, IT, cryptocurrency, and more. The deal was announced after final talks in Washington. Pakistan’s Finance Minister, Muhammad Aurangzeb, led the negotiations and said this […]
Trump Announces Oil Deal with Pakistan, Hints at Exports to India In a recent social media post, former US President Donald Trump said that the United States and Pakistan have agreed to work together to develop Pakistan’s oil reserves. Trump shared that both countries will choose an oil company to lead this big project. He […]
Brent crude futures rose 24 cents, or 0.35%, to $68.76 a barrel at 0457 GMT. U.S. West Texas Intermediate crude futures were up 33 cents, or 0.5%, at $66.71. Both benchmarks fell more than 0.2% in the previous session. U.S. President Donald Trump has said letters notifying smaller countries of their U.S. tariff rates would […]
