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February 26, 2026
OPEC+ will meet on Sunday to decide its next production step amid increased geopolitical 'friction' affecting almost a third its output. This volatility could give the group the cover it needs to maintain its narrative of a balanced market, even if the reality on the ground suggests otherwise.
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January 31, 2026
China's net copper imports last year fell to the lowest level since 2017. They totaled 3.03 million metric tonnes. Exports grew dramatically, despite a drop in inbound shipments of only 5% compared to 2024. The largest copper buyer in the world shipped almost 800,000 tonnes.
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January 26, 2026
Two sources reported that Russian crude oil cargoes dated February Urals traded in Indian ports at discounts close to the largest since 2022 compared with dated Brent, amid increased pressure from Western sanctions. The two sources claimed that…
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January 9, 2026
The Ukrainian ambassador to the United States said on Friday that Ukrainians were part of the crew aboard the Russian-flagged tanker Bella-1 which was seized by U.S. troops this week. Olha Stefanishyna was quoted by Interfax Ukraine as saying that Ukrainian diplomats are in contact with U.S.
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January 9, 2026
Two sources with knowledge of the matter said on Friday that Reliance Industries, a private refiner in India, is seeking U.S. permission to resume purchasing Venezuelan crude. The refiner wants to ensure supplies as Western pressures on India to reduce Russian oil imports.
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January 9, 2026
Two sources with knowledge of the matter said that Reliance Industries, a private refiner in India, is looking to secure oil as Western pressures on India to reduce its Russian oil purchases. Sources said that Reliance representatives were in talks with the U.S.
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January 9, 2026
The Russian Foreign Ministry announced?on Friday? that the United States had released two Russian crewmembers from an oil tanker flying the Russian flag, which was seized in the Atlantic Ocean on Wednesday. The Russian Transport Ministry announced on Wednesday that it had lost contact after U.S.
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January 8, 2026
Stephen Miller, White House deputy chief, reaffirmed his belief that the U.S. will win any battle of diplomatic will and military power, whether it be between Denmark or the Trump administration. He made this clear in an interview with CNN on Monday.
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January 7, 2026
The Russian state broadcaster RT reported on Wednesday that it 'looked as if U.S. troops were attempting to board the Venezuela-linked 'oil tanker 'Marinera'?from a chopper and published an image showing a chopper hovering near ship. Could not verify immediately the?RT Report.
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January 7, 2026
The Wall Street Journal, citing an official from the United States, reported that Russia had deployed a sub and other naval vessels in order to escort a?aging oil tanker which was trying to evade a U.S. blockade near Venezuela. The tanker, previously known as Bella 1…
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January 7, 2026
These are the most popular stories from the business pages of the New York Times. ? These stories have not been?verified? and we cannot vouch for the accuracy of these reports. Donald Trump, the U.S. president, said Venezuela would start sending oil to the U.S.
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January 1, 2026
The?U.S. has been asked by Russia to stop its pursuit of a?oil tanker 'that was destined for Venezuela and is now fleeing the U.S. Coast Guard in the Atlantic Ocean, according to a report from Thursday’s New York Times. The New York Times reported on Thursday that the U.S.
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December 19, 2025
Ship tracking data revealed that a tanker under U.S. sanctions, carrying 300,000 barrels naphtha from Russia, entered Venezuelan waters on Thursday night, while another started re-routing course?into the Atlantic Ocean. This was a result of differing last-minute decisions made by ship owners…
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December 10, 2025
Venezuela will likely retain its seat in OPEC, even if U.S. president Donald Trump succeeds in forcing a change in government in the oil rich country. The U.S. wants to strengthen its alliance with the cartel while expanding its own sphere?of?influence. The U.S.
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December 3, 2025
According to shipping documents and data, Venezuelan oil exports increased slightly in November to 921,000 barrels a day (bpd), the third highest monthly average this year. The country used more diluting agents to produce exportable grades.
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October 2, 2025
According to preliminary data from ship tracking, analysts, and a refinery, fuel oil imports into the U.S. Gulf Coast reached a record high of two-and-a half years in September. This was due to an increase in cargoes coming from the Middle East…
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September 18, 2025
Geopolitics is causing oil markets to become more blind, making it difficult to accurately determine the supply-demand balance on the largest and most important commodity exchange in the world. This is a recipe for instability. There is little…
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March 27, 2025
The company announced on Thursday that Bolivia's energy company YPFB will receive a total five cargoes of diesel and gasoline through Chile before April 4. Three of these cargoes are expected to be imported directly from Houston. YPFB confirmed on Thursday the origin of the goods…
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January 27, 2025
France is facing its worst wheat exports for decades due to a rift between Algeria and the European Union, a slump in Chinese demand, as well as a poor harvest. The French farmers who protested in the beginning of this year against falling incomes…
