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Russian foreign minister Sergei Lavrov Russian foreign minister Sergei Lavrov has accused the United States of trying to prevent India and other countries from buying Russian oil, describing Washington’s policies as coercive and aimed at achieving global economic domination.In an interview with TV BRICS, reported by Sputnik, Lavrov alleged that the US was using sanctions,…
Venezuela is producing approximately 900,000 barrels per day (kbd) of crude oil and condensate, which makes up about 1% of the global oil supply. (AI image) US President Donald Trump’s latest escalation in tensions and blockade of Venezuela oil tankers may have little impact on the global crude oil market, believes global real-time data and…
Asian shares traded mixed on Wednesday, with strong buying in technology stocks supporting some benchmarks, while oil prices surged more than 1% after US President Donald Trump ordered a blockade of all “sanctioned oil tankers” entering and leaving Venezuela.Trump’s move followed last week’s seizure of an oil tanker off Venezuela’s coast by US forces, an…
Oil prices rose sharply on Wednesday after US President Donald Trump ordered “a total and complete” blockade of all sanctioned oil tankers entering and leaving Venezuela, stoking fresh geopolitical tensions at a time when markets are already wary about weak global demand.Brent crude futures climbed 57 cents, or 0.9%, to $59.50 a barrel by 0135…
US President Donald Trump announced Tuesday he is ordering a naval blockade of sanctioned oil tankers entering Venezuela, intensifying military pressure on Venezuelan leader Nicolas Maduro following last week’s US seizure of an oil tanker off Venezuela’s coast and amid an ongoing military buildup in the region.Trump made the announcement on his social media platform,…
The United States on Thursday imposed new sanctions on Venezuela, targeting three nephews of President Nicolas Maduro’s wife, along with six crude oil tankers and associated shipping companies. The action coincided with a large-scale US military buildup in the southern Caribbean and President Donald Trump’s campaign for Maduro’s ouster. On Wednesday Trump said the US…
India imported 5.4 million tonnes of Russian oil worth 2.1 billion euros between January and September 2025 aboard 30 vessels sailing under false flags, according to a report by the European think tank, Centre for Research on Energy and Clean Air (CREA), released Thursday.The report identified India as the largest recipient of oil transported by…
