Oil Production In The World
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Why Oil Still Shapes US Geopolitics In An Era of Record Production
The United States has made oil the centrepiece of its global strategy. According to the Energy Institute Statistical Review of World Energy, the US produced approximately 20 million barrels per day in 2024.
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US Says It Will Control Venezuela Oil Exports Indefinitely
The Trump administration plans to control future sales of Venezuelan oil and hold the proceeds in US accounts, Energy Secretary Chris Wright said, making the clearest statement yet on Washington's strategy.
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Venezuela To Purchase Only US-Made Products Under Oil Deal: Trump
In a major announcement, US President Donald Trump said on Wednesday that Venezuela would now purchase only American-made products with the money they receive from the new oil deal.
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Venezuela's Political Transition Can Keep Global Oil Prices Lower: Report
Venezuela could become one of the biggest sources of new oil supply in the world over the next decade if it undergoes a political transition, potentially reshaping global energy markets and keeping oil prices lower for longer, said a JPMorgan report.
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Taiwan Now Biggest Importer Of This Crude Oil Product From Russia, India Is Second
Taiwan, the United States' most effective bulwark in Asia against Chinese diplomatic and military pressure, has become the world's biggest importer of Russian naphtha, a petroleum derivative used in the semiconductor industry.
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Fire Breaks Out At Oil Refinery After "Terrorist" Attack By Drones: Russia
A fire broke out at the facilities of an oil company in Russia's Bashkortostan region following a drone attack on Saturday, the governor said.
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Resilient India Braces For Impact As Trump's 50% Tariff Blast Kicks In
US tariffs of 50 per cent took effect on Wednesday on many Indian products, doubling an existing duty as President Donald Trump sought to punish New Delhi for buying Russian oil.
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"Unacceptable": US On India 'Buying Russian Oil, Reselling' Amid Ukraine War
US Treasury Secretary Scott Bessent on Tuesday accused India of profiteering from its sharply increased purchases of Russian oil during the war in Ukraine, saying Washington viewed the situation as unacceptable.
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India Tariffs "Probably" Played Role In Putin Agreeing To Meet: Trump
US President Donald Trump said that the secondary tariffs against India may have influenced Russian President Vladimir Putin to meet him.
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How Labubu Dolls Are Blowing Up Hopes Of A Plastic Ban Amid Global Talks
The world's governments are meeting this week to hammer out a treaty to reverse the rising tide of plastics. Oil companies have other ideas.
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India Secures Zero Duty On 95% Farm Goods Exports In UK Trade Deal
India has protected the interests of domestic farmers by excluding dairy products, edible oils, and apples in the free trade agreement (FTA) with the UK while securing zero duties on 95 per cent of agriculture and processed food items.
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India-UK Free Trade Pact Signed, PM Modi Says New Market For Indian Farmers
India and the UK signed the Free Trade Agreement, likely to double bilateral trade by 2030. Commerce Minister Piyush Goyal and British Trade Minister Jonathan Reynolds inked the pact in the presence of PM Narendra Modi and UK PM Keir Starmer
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What War In Middle East Means For Global Oil Markets And What It Doesn't
The conventional wisdom used to be that war in the Middle East would send oil prices soaring. Not anymore.
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Israel Bombed World's Largest Gas Field In Iran. Why It Is A Big Deal
Iran was forced to partially halt gas production at the world's largest gas field, South Pars, after an Israeli airstrike caused a fire at one of its key processing units on Saturday.
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How Trump's Pursuit Of Cheap Oil Will Impact India's Energy Security
To fulfil one of his major electoral agendas of providing cheap oil ('drill baby drill'), in his inaugural speech US President Donald Trump argued for increasing the domestic production of crude oil and utilising it to spur prosperity in US economy.
-
Why Oil Still Shapes US Geopolitics In An Era of Record Production
The United States has made oil the centrepiece of its global strategy. According to the Energy Institute Statistical Review of World Energy, the US produced approximately 20 million barrels per day in 2024.
-
US Says It Will Control Venezuela Oil Exports Indefinitely
The Trump administration plans to control future sales of Venezuelan oil and hold the proceeds in US accounts, Energy Secretary Chris Wright said, making the clearest statement yet on Washington's strategy.
-
Venezuela To Purchase Only US-Made Products Under Oil Deal: Trump
In a major announcement, US President Donald Trump said on Wednesday that Venezuela would now purchase only American-made products with the money they receive from the new oil deal.
-
Venezuela's Political Transition Can Keep Global Oil Prices Lower: Report
Venezuela could become one of the biggest sources of new oil supply in the world over the next decade if it undergoes a political transition, potentially reshaping global energy markets and keeping oil prices lower for longer, said a JPMorgan report.
-
Taiwan Now Biggest Importer Of This Crude Oil Product From Russia, India Is Second
Taiwan, the United States' most effective bulwark in Asia against Chinese diplomatic and military pressure, has become the world's biggest importer of Russian naphtha, a petroleum derivative used in the semiconductor industry.
-
Fire Breaks Out At Oil Refinery After "Terrorist" Attack By Drones: Russia
A fire broke out at the facilities of an oil company in Russia's Bashkortostan region following a drone attack on Saturday, the governor said.
-
Resilient India Braces For Impact As Trump's 50% Tariff Blast Kicks In
US tariffs of 50 per cent took effect on Wednesday on many Indian products, doubling an existing duty as President Donald Trump sought to punish New Delhi for buying Russian oil.
-
"Unacceptable": US On India 'Buying Russian Oil, Reselling' Amid Ukraine War
US Treasury Secretary Scott Bessent on Tuesday accused India of profiteering from its sharply increased purchases of Russian oil during the war in Ukraine, saying Washington viewed the situation as unacceptable.
-
India Tariffs "Probably" Played Role In Putin Agreeing To Meet: Trump
US President Donald Trump said that the secondary tariffs against India may have influenced Russian President Vladimir Putin to meet him.
-
How Labubu Dolls Are Blowing Up Hopes Of A Plastic Ban Amid Global Talks
The world's governments are meeting this week to hammer out a treaty to reverse the rising tide of plastics. Oil companies have other ideas.
-
India Secures Zero Duty On 95% Farm Goods Exports In UK Trade Deal
India has protected the interests of domestic farmers by excluding dairy products, edible oils, and apples in the free trade agreement (FTA) with the UK while securing zero duties on 95 per cent of agriculture and processed food items.
-
India-UK Free Trade Pact Signed, PM Modi Says New Market For Indian Farmers
India and the UK signed the Free Trade Agreement, likely to double bilateral trade by 2030. Commerce Minister Piyush Goyal and British Trade Minister Jonathan Reynolds inked the pact in the presence of PM Narendra Modi and UK PM Keir Starmer
-
What War In Middle East Means For Global Oil Markets And What It Doesn't
The conventional wisdom used to be that war in the Middle East would send oil prices soaring. Not anymore.
-
Israel Bombed World's Largest Gas Field In Iran. Why It Is A Big Deal
Iran was forced to partially halt gas production at the world's largest gas field, South Pars, after an Israeli airstrike caused a fire at one of its key processing units on Saturday.
-
How Trump's Pursuit Of Cheap Oil Will Impact India's Energy Security
To fulfil one of his major electoral agendas of providing cheap oil ('drill baby drill'), in his inaugural speech US President Donald Trump argued for increasing the domestic production of crude oil and utilising it to spur prosperity in US economy.
