Two Texas businessmen were indicted for allegedly bribing officials at Mexico’s state energy company Pemex with $150,000 and luxury items to secure contracts, the U.S. Justice Department announced on Monday. Between 2019 and 2021, Ramon Rovirosa and Mario Avila, both Mexican citizens and U.S. lawful permanent residents, conspired to pay bribes to officials at Pemex … Read more

Summary U.S., China extend tariff pause to November Eyes on U.S. inflation data due later on Tuesday Trump-Putin talks on Friday cloud oil outlook (Reuters) – Oil prices were broadly steady on Tuesday as the United States and China extended a pause on higher tariffs, easing concerns an escalation of their trade war would hit … Read more

Summary Trump and Putin to meet on Friday in Alaska UBS lowers Brent crude forecast on higher supply China producer prices fall more than expected in July (Reuters) – Oil prices fell on Monday, extending last week’s more than 4% decline, as investors looked to talks between the U.S. and Russia later this week on … Read more

Summary US, Russia aim to reach a deal to halt the war in Ukraine Latest US tariffs raise concerns over economic activity Trump threatens further sanctions on buyers of Russian oil US oil rig count rises by one to 411 HOUSTON, Aug 8 (Reuters) – Oil held steady on Friday as markets awaited a meeting … Read more

Summary US crude inventories fall by more than expected Investors remain cautious after Trump tariffs on India Saudi Arabia raises its crude prices to Asia (Reuters) – Oil prices steadied on Thursday, paring early gains after the Kremlin announced that Russian President Vladimir Putin will meet U.S. President Donald Trump in the coming days, raising … Read more

U.S. President Donald Trump’s tirade against India over trade and Russian oil purchases threatens to undo two decades of diplomatic progress, analysts and officials say, and could derail other areas of cooperation as domestic political pressures drive both sides to harden their stances. India’s opposition parties and the general public have urged Prime Minister Narendra … Read more

U.S. President Donald Trump on Tuesday said he would increase the tariff charged on imports from India from the current rate of 25% “very substantially” over the next 24 hours, given India’s continued purchases of Russian oil. “They’re fueling the war machine, and if they’re going to do that, then I’m not going to be … Read more

(Reuters Breakingviews) – The standoff between the U.S. and India may well get worse before it gets better. Having slapped a 25% tariff on goods the South Asian country sends to America, Donald Trump is vowing to ratchet up the rate over the $4 trillion economy’s purchases of Russian oil. New Delhi calls the threat … Read more

Summary Brent and US crude stabilise after three consecutive declines OPEC+ output hike, demand worries add to oversupply outlook Trump again threatens India with high tariffs over Russian oil purchases LONDON, Aug 5 (Reuters) – Oil was little changed on Tuesday as traders assessed rising OPEC+ supply and worries of weaker global demand, against U.S. … Read more

(Reuters) – U.S. President Donald Trump’s demand on India to halt Russian oil imports could threaten billions in Russian revenues, prompt Moscow to retaliate by stopping a major U.S.-led oil pipeline and potentially lead to a new global supply crisis. India, the world’s third largest oil importer, has become the biggest buyer of Russian oil … Read more

Summary OPEC+ to raise output by 547,000 bpd in September Healthy economy, low stocks support production hike, OPEC+ says India to keep buying Russian oil despite Trump threats, sources say Latest Trump tariffs unlikely to budge, top negotiator says (Reuters) – Oil prices dropped on Monday after OPEC+ agreed to another large output hike in … Read more

Indian officials have said they would keep purchasing oil from Russia despite the threat of penalties that U.S. President Donald Trump said he would impose, the New York Times reported on Saturday. Reuters could not immediately verify the report.The White House, India’s Ministry of External Affairs and the Ministry of Petroleum and Natural Gas did … Read more

(Reuters) – U.S. crude oil production rose to a record 13.49 million barrels-per-day in May, even as oversupply concerns pushed prices for the commodity to four-year lows, data from the U.S. Energy Information Administration showed on Thursday. U.S. President Donald Trump has repeatedly called for higher oil production from the country, where output was already … Read more

(Reuters) – Oil prices were little changed on Friday after falling more than 1% in the previous session as traders digested the impact of new higher U.S. tariffs that may curtail economic activity and lower global fuel demand growth. Brent crude futures rose 4 cents, or 0.06%, to $71.74 a barrel by 1201 GMT. U.S. … Read more

Asia is expected to step up imports of U.S. West Texas Intermediate crude in the fourth quarter after Middle East oil prices strengthened and opened the arbitrage window, trade sources said. Middle East crude benchmarks Dubai and Murban gained this month on the back of robust demand for high-sulphur oil in Asia, narrowing their price … Read more

The U.S. Treasury Department announced fresh sanctions on Wednesday on over 115 Iran-linked individuals, entities and vessels, in a sign the Trump administration is doubling down on its “maximum pressure” campaign after bombing Tehran’s key nuclear sites in June. The sanctions broadly target the shipping interests of Mohammad Hossein Shamkhani, the son of Ali Shamkhani, … Read more

By Kanishka Singh Pakistan officials have visited US in recent weeks for talks Pakistan said last week deal was within reach Trump says an oil company will be chosen to build partnership, without elaborating WASHINGTON, July 30 (Reuters) – U.S. President Donald Trump said on Wednesday his administration struck a deal with Pakistan in which … Read more

By Arathy Somasekhar Trump vows sanctions unless Russia makes progress on peace deal Trump says US to impose 25% tariff on India from Aug 1 US also warns China over Russian oil China unlikely to comply with US sanctions, analysts say HOUSTON, July 30 (Reuters) – Oil prices settled 1% higher on Wednesday as investors … Read more

(Reuters) – About a half dozen foreign partners of Venezuela’s state-owned oil company PDVSA are awaiting authorizations from the U.S. Treasury and State departments, following talks last week about fresh licenses to allow them to operate in the sanctioned South American country, according to six company sources. The companies’ licenses, including a key one for … Read more

By Nicole Jao Brent, WTI hit highest since June 20 US to start impose tariffs and other measures on Russia ten days from today, Trump says China could face high tariffs if Beijing continued its Russian oil purchases US crude stockpiles rose by 1.54 million barrels last week – API NEW YORK, July 29 (Reuters) … Read more

By Lucia Kassai and Emma Sanchez Enterprise Products Partners LP, one of the largest pipeline operators in the Permian Basin, sees oil production in the region holding up this year despite an expected drop in crude prices. Shale drillers will stick to guidance of output growth of 3% to 5% in the Permian Basin of … Read more

Summary Brent, WTI up 0.4% after 1% gain in previous session EU says trade deal with US within reach US prepares to allow limited oil operations in Venezuela, sources say Investors brace for data week next SINGAPORE, July 25 (Reuters) – Oil prices rose on Friday as trade talk optimism supported the outlook for both … Read more