On Monday, March 24, the US announced 25% tariffs on countries buying oil from Venezuela, thereby targeting Beijing.

Donald Trump sparked some bullish sentiment in oil markets this week by putting sanctions on Venezuela - threatening global supply of heavy oil.

As it stands, Breakwave said Saudi Arabia is in a position to reclaim market share amid tepid Chinese oil demand, production ...

Ukrainian prisoner of war Vitaliy Mirinevskiy has made shocking revelations after surrendering to the Russian military. In a ...

Iraq's oil minister has claimed "Iranian oil tankers" are using forged Iraqi documents. Hayan Abdel-Ghani told state ...

A major controversy has erupted between Iraq and Iran over illegal oil smuggling. On March 24, Iraq’s Oil Minister Hayan ...