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OIL SLIPS AS MARKETS WEIGH PROSPECT OF RUSSIA-UKRAINE PEACE TALKS.
Oil prices slipped on Tuesday as markets weighed the possibility of U.S.-brokered peace talks between Moscow, Kyiv, and Washington, a move that could reshape global energy flows and ease geopolitical tensions. Brent crude fell 0.5% to $66.28 a barrel while U.S. West Texas Intermediate futures dropped to $63.10, reversing part of the previous session’s gains. Traders see any breakthrough toward peace potentially leading to a rollback of sanctions on Russian crude, reducing supply risks and pulling prices lower. Analysts noted that U.S. President Donald Trump’s softened stance on secondary sanctions against Russian oil importers signals a temporary easing of geopolitical risks, though concerns remain that Kyiv could be pressured into an unfavorable settlement. With India already hit by new U.S. tariffs over its Russian oil purchases and Europe cautious about concessions to Moscow, the stakes stretch far beyond the oil market linking business, the global economy, and geopolitics in a high-stakes test of energy security and diplomatic leverage.
- 11 months, 3 weeks
TRUMP’S FOCUS ON LOW OIL PRICE PLAYS INTO OPEC’S HANDS.
Even as complaints from the US shale industry grow louder about low oil prices undercutting production, President Donald Trump seems committed to keeping crude as cheap as possible.
- 11 months, 3 weeks
IRAQ SIGNS DEAL WITH CHEVRON TO RAISE OIL OUTPUT.
Iraq’s oil ministry has signed an agreement with US oil major Chevron for the development of the Nassiriya oil field, comprising four exploration blocks.
- 11 months, 3 weeks
AFTER WASHINGTON DRAMA, OIL TRADERS PONDER ‘PEACE SHOCK’.
If you were manning the late desk at one of the big oil trading firms in Singapore, Dubai or Geneva, you would not have spent Monday night pondering President Zelensky’s attire nor the first lady’s pleas on behalf of Ukrainian children.
- 11 months, 4 weeks
HONEYWELL ADVISES ON EXPANSION OF LIBYA’S LARGEST OIL REFINERY.
US company Honeywell UOP has prepared a feasibility study on the expansion of Libya’s largest oil refinery as part of overall development of the country’s hydrocarbon industry.
- 11 months, 4 weeks
KENYA’S CLEAN ENERGY DRIVE GAINS MOMENTUM ALONGSIDE OIL AMBITIONS.
Kenya is rapidly expanding its clean energy sector, with nearly 90% of its electricity coming from renewable sources and solar adoption leading in East Africa. The government is also pushing for universal access to clean cooking by 2028, tackling both health and environmental challenges.
- 11 months, 4 weeks
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