International firms sign multi-billion-dollar agreements as Venezuela’s oil exports reach a seven-year peak under US management. Venezuela’s oil industry has attracted billions in new deals from global energy companies following US oversight of its resources. March saw the
Oil markets react to heightened geopolitical risks after recent US-Iran military exchanges in the Middle East. West Texas Intermediate crude futures climbed 3.2% to $87.40 a barrel as investors assessed the risk of supply disruptions. The move follows a US airstrike in Ira
Geopolitical tensions in the Middle East drive crude prices higher while US equity futures retreat ahead of the open. US stock index futures declined in early trading as investors weighed escalating tensions between Iran and Western allies. S&P 500 futures fell 0.3%, while
Brent and WTI futures rise sharply as investors assess risks to Middle East supply stability amid renewed tensions. Crude oil prices climbed more than 2% in early trading after reports of fresh military clashes between US and Iranian forces in the Persian Gulf. The confron
Canadian Natural Resources president links future oil sands growth to construction of a West Coast export pipeline. Canadian Natural Resources President Tim McKay stated that further expansion of the country’s oil sands depends on the development of a new pipeline to the W
Iran's state broadcaster says 'enemy units' came under missile fire after US attack on Iranian oil tanker Reuters
Canada records $1.78 billion trade surplus in March Canada's merchandise trade balance swung to a $1.78 billion surplus in March, defying expectations of a $2.88 billion deficit. Total exports rose 8.5% to $72.8 billion, the second-highest level on record.
Iran has cut oil production by roughly 400,000 barrels per day (bpd) as exports stall and storage runs out, according to U.S. Energy Secretary Chris Wright. “It looks like they’ve likely already cut back their production, maybe by 400,000 barrels a day,” Wright said in an
Oil prices decline as Brent futures close lower amid broader market sentiment and supply-demand dynamics. Brent crude futures settled at $100.06 per barrel, marking a $1.21 decline or 1.19% drop for the session. The move reflects shifting investor sentiment amid global eco
US crude settles marginally lower as sellers maintain control below critical technical resistance near $97.46. US crude oil futures settled at $94.81, down $0.27 or 0.28%, following a volatile session driven by geopolitical risks and shifting sentiment. The close below the