energy
12articles
Zelenskyy: Ukraine Ready for Energy Ceasefire, Trilateral Summit
Ukrainian President Zelenskyy said Kyiv is ready for an 'energy ceasefire' and called for a three-way meeting with Putin and Trump, while pressing India to halt Russian oil purchases.
Trump Administration Adds Iran-Linked Penalties to Russia's VTB Bank
The U.S. Treasury layered Iran-related sanctions onto VTB, one of Russia's largest banks, citing financial ties between Moscow and Tehran on top of existing Ukraine-war penalties.
Trump Says U.S. Could Stay in Iran and Keep the Oil
President Trump raised the prospect of an indefinite U.S. presence in Iran, saying Washington could retain Iranian oil revenues the way it has with Venezuela.
Saudi Arabia Shuts East-West Oil Pipeline After Drone Strike From Iraq
Saudi Arabia closed its East-West crude pipeline after drones launched from Iraqi territory struck the facility; Iraq dismissed a commander and shut its Iran border crossing.
Oil Surges to Six-Week High as US-Iran Strikes Hit Hormuz Traffic
Oil prices climbed to six-week highs Monday as US-Iran strikes disrupted shipping through the Strait of Hormuz, the corridor for roughly 20% of global oil trade.
China, Not OPEC, Controls Global Oil Markets, Rosneft CEO Says
Igor Sechin argues Beijing's crude buying behavior this spring and summer has stabilized oil prices, effectively supplanting OPEC's traditional role as price setter.
U.S. Oil Deal Displaces China and Russia From Venezuelan Fields
A U.S. oil company tied to a Venezuelan tycoon will replace Chinese and Russian operators at several Venezuelan oil fields, reshaping South American energy politics.
US-Venezuela Oil Deal: What We Know and What Critics Are Saying
Trump's deal grants the United States access to Venezuela's vast oil reserves, but few details have emerged and critics are calling it a resource takeover.
China Buys Most of Iran's Oil. Can US Sanctions Change That?
The US expanded its Iran sanctions this week, putting global buyers on notice. Experts say Washington is wary of pushing China too hard—leaving the biggest loophole open.
China's Iran Oil Purchases Face Scrutiny as US Readies Sanctions
Looming US sanctions on Iran have placed China's sustained crude oil purchases under international scrutiny, with Beijing vowing to protect its economic interests.
Senate Advances Graham Bill for Harsher Sanctions on Russia and Iran
The Senate advanced the bipartisan Graham bill Tuesday night, targeting Russia and buyers of Russian and Iranian energy with penalties significantly beyond current U.S. sanctions.
Russian Gasoline Output Falls to 65% of Demand, Sources Tell Reuters
Ukraine's sustained strike campaign against Russian oil infrastructure has cut domestic gasoline production to roughly 65% of demand, Reuters reported, citing sources.