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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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"Kick Out China, Russia, Iran": Team Trump's New Oil Warning To Venezuela
US President Donald Trump reportedly wants Venezuela's new regime under interim president Delcy Rodriguez to "kick out" and "sever" economic ties with China, Russia, Iran and Cuba before being allowed to pump more oil.
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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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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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"Don't Like It, Don't Buy It": S Jaishankar Defends Importing Russian Oil
There are some "red lines" in the India-US trade deal negotiations, Foreign Minister S Jaishankar has underscored amid strained relations with the US over several aspects in bilateral trade where India has refused any concession to President Trump.
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"If India Refuses Russian Oil...": What Moscow Official Said On Trump Tariff
India is welcome to export its products to Russia if it is facing trouble entering the US market, a senior Russian diplomat said on Wednesday.
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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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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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Pharma, Semi-conductors, Energy Products Exempted From Trump's Tariff
Essential and strategic items such as pharmaceuticals, semiconductors, copper, and energy products like oil, gas, coal and LNG are exempted from the 26 per cent import duty announced by the US on Wednesday, according to think tank GTRI.
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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.
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China Announces Measures Against Google, Other US Firms as Trade Tensions Escalate
Beijing slapped tariffs on US products such as coal, oil and some autos in a rapid response to the new duties on Chinese goods imposed by US President Donald Trump, escalating trade tensions between the world's two biggest economies.
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Opinion | Drill, Baby, Drill: Will Trump's 'Emergency' Plan To Make Oil Cheap Work?
President Trump has already started pushing for an increase in oil and gas production, to lower energy costs and drive prices down. Is it all as simple as it sounds?
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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.
-
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.
-
"Kick Out China, Russia, Iran": Team Trump's New Oil Warning To Venezuela
US President Donald Trump reportedly wants Venezuela's new regime under interim president Delcy Rodriguez to "kick out" and "sever" economic ties with China, Russia, Iran and Cuba before being allowed to pump more oil.
-
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.
-
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.
-
"Don't Like It, Don't Buy It": S Jaishankar Defends Importing Russian Oil
There are some "red lines" in the India-US trade deal negotiations, Foreign Minister S Jaishankar has underscored amid strained relations with the US over several aspects in bilateral trade where India has refused any concession to President Trump.
-
"If India Refuses Russian Oil...": What Moscow Official Said On Trump Tariff
India is welcome to export its products to Russia if it is facing trouble entering the US market, a senior Russian diplomat said on Wednesday.
-
"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.
-
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.
-
Pharma, Semi-conductors, Energy Products Exempted From Trump's Tariff
Essential and strategic items such as pharmaceuticals, semiconductors, copper, and energy products like oil, gas, coal and LNG are exempted from the 26 per cent import duty announced by the US on Wednesday, according to think tank GTRI.
-
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.
-
China Announces Measures Against Google, Other US Firms as Trade Tensions Escalate
Beijing slapped tariffs on US products such as coal, oil and some autos in a rapid response to the new duties on Chinese goods imposed by US President Donald Trump, escalating trade tensions between the world's two biggest economies.
-
Opinion | Drill, Baby, Drill: Will Trump's 'Emergency' Plan To Make Oil Cheap Work?
President Trump has already started pushing for an increase in oil and gas production, to lower energy costs and drive prices down. Is it all as simple as it sounds?
