At least two oil tankers have made their way to Venezuela in recent days and others are navigating towards the country, a sign of state-run PDVSA’s effort to expand floating storage and keep selling crude even as a U.S. blockade has reduced exports to a minimum. U.S. President Donald Trump this month announced a blockade …
Oil Tankers Still Arriving in Venezuela Despite US Blockade, Data Shows Read More »
Commodities were pelted in 2025 by the whirlwind of tariffs and policies imposed by U.S. President Donald Trump, and while the storm may recede in 2026, the ripples will last some time.Trump’s efforts to remake global trade and his shifting geopolitical moves have boosted volatility in commodity markets, with prices being driven by daily headlines …
Commodities Buffeted by Trump Whirlwind Seek Relief in 2026: Russell Read More »
Takeaways by Bloomberg AI At least two vessels chartered by Chevron Corp. have successfully unloaded cargoes at US ports after picking up oil from Venezuela. Chevron has finished discharging a cargo from the vessel Searuby and is unloading ship Canopus Voyager, with another three Chevron ships sailing toward the US. The global energy market is …
Chevron Ships Unload Venezuelan Oil in US Ports Amid Blockade Read More »
Venezuela started shutting wells in a region that holds the world’s largest deposits of oil in the face of a blockade by the Trump administration meant to financially squeeze the nation. Petroleos de Venezuela SA began shuttering wells in the Orinoco Belt on Dec. 28 as the state-run refiner ran out of storage space and …
Venezuela Starts Shutting Oil Wells as US Blockade Halts Flows Read More »
Summary European Union has agreed to phase out Russian fossil fuel imports Decline in imports follows closure of Ukrainian route TurkStream is the only remaining route (Reuters) – Russia’s pipeline gas exports to Europe sank by 44% in 2025 to their lowest since the mid-1970s, following the closure of the Ukrainian route and as the …
Russia’s Pipeline Gas Exports to Europe Fall by 44% to the Lowest in Decade Read More »
(Reuters) – Oil prices were little changed on Tuesday as investors took stock of dented hopes of a Russia-Ukraine peace deal and rising geopolitical tensions in the Middle East around Yemen. Brent crude futures for February delivery , which expire on Tuesday, were up 32 cents, or 0.52%, at $62.26 a barrel as of 1206 …
Oil Prices Steady as Russia-Ukraine Peace Hopes Fade, Yemen Tensions Rise Read More »
Frontera Energy’s Colombian unit has signed a prepayment and commercial agreement worth up to $120 million with a unit of U.S. oil major Chevron to supply crude oil over two years, the Canadian oil producer said on Monday. Under the deal, Frontera will receive an initial $80 million advance and supply a portion of its crude output …
Frontera Signs Deal to Supply Crude Oil to Chevron Unit for Up to $120 Million Read More »
The Kremlin said on Sunday that Russian President Vladimir Putin and U.S. President Donald Trump do not support a European-Ukrainian push for a temporary ceasefire ahead of a settlement, and that Moscow thinks Kyiv needs to make a decision on Donbas. Kremlin foreign policy aide Yuri Ushakov said that a call between Putin and Trump …
With EV incentives no longer available, hybrid vehicle sales are gaining speed Takeaways by Bloomberg AI Hybrid vehicles are in high demand, with nearly one in six new cars predicted to be a hybrid next year, according to CarGurus Inc. The EV market is slowing in the US, with sales expected to plunge 30% in the …
How Hybrid Models Are Helping Keep Automakers’ Electrification Plans Afloat Read More »
PG&E restores power to 11,000 San Francisco customers after equipment failure (Reuters) – PG&E Corp. crews have restored power to about 11,000 San Francisco customers affected by an outage caused by overhead equipment failure, the company said on Monday. The outage, which began on Sunday at 7:45 p.m. PST (1145 GMT) in San Francisco’s Richmond neighbourhood, had …
PG&E Restores Power to 11,000 San Francisco Customers After Equipment Failure Read More »
