Tag: oil market
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Cuba slams US oil-tariff threat as a bid to choke its economy
Background: US tariffs and Cuba’s energy lifeline Cubans rely on imported oil for transportation, electricity, and daily life. The United States’ latest move to impose tariffs on countries that supply oil to Cuba has drawn swift and defiant responses from Havana. President Miguel Díaz-Canel wrote on social media that the policy aims to choke Cuba’s…
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Pakistan Announces Rs11.3 Per Litre Diesel Price Increase for Fortnight
Overview: A Temporary Diesel Price Hike The federal government of Pakistan has announced an increase of Rs11.3 per litre in the price of high-speed diesel (HSD) for the next fortnight, while petrol prices remain unchanged. The notification, issued by the Ministry of Finance on Saturday night, confirms a temporary adjustment in response to evolving market…
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Russia Oil Sanctions: Are They Finally Hitting the Economy
Sanctions tighten, but timing and effects vary The West has pressed a coordinated effort to curb Russia’s oil revenue, aiming to squeeze the state budget and slow its military capabilities. Yet the impact is not uniform or immediate. While a fall in export volumes would typically sting a resource-led economy, Russia has shown a mix…
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January 2026 Analysis: Oil Markets React to Iran and Venezuela Tensions
Overview: Turbulent Beginnings to 2026 The first weeks of January 2026 brought renewed volatility to global energy markets as geopolitical tensions surrounding Iran and Venezuela intensified. Brent crude rose sharply, signaling traders’ concern about potential disruptions to two major oil export streams. While the broader macroeconomic picture remained mixed, the immediate focus turned to the…
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Pakistan Petrol Prices Likely to Fall from Jan 16, 2024 Update
Petrol Prices Expected to Fall from January 16 in Pakistan Pakistan is preparing for a potential relief at the fuel pump, with petrol and other motor fuels anticipated to decline for the fourth consecutive time starting January 16. The NOC and energy price committees typically announce adjustments a few days before the new pricing cycle,…
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Oil Prices Edge Higher on US Inventory Draw and Venezuela Watch
Oil Sways on Inventory Draw and Venezuela Spotlight Oil prices edged higher on Thursday following a brief retreat, supported by a larger-than-expected draw in US crude inventories. Investors are weighing short-term supply dynamics against ongoing geopolitical risk, particularly developments surrounding Venezuela. The move higher comes as traders digest data from energy reports and reassess the…
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500% Tariffs Ahead? Trump Clears Russia Sanctions Bill and What It Means
Overview: A new chapter in sanctions policy President Donald Trump has given his signature to legislation titled the Sanctioning Russia Act of 2025. The bill empowers the administration to impose massive duties on countries that import Russian petroleum products “knowingly and materially.” The rhetoric surrounding the measure has already sparked a wave of questions: how…
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Trump Says Venezuela to Hand Over Up to 50M Barrels of Oil
Overview: A High-Stakes Announcement President Donald Trump announced that Venezuela would hand over between 30 and 50 million barrels of sanctioned crude to the United States. He said the oil would be sold at market prices and that the profits would be managed by Washington to ensure the funds are used for a stated purpose.…
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Trump claims Venezuela will hand over up to 50 million barrels of oil to the US
Overview of the Announcement President Donald Trump has stated that Venezuela would turn over between 30 and 50 million barrels of sanctioned oil to the United States. He said the oil would be sold at market prices, and he would directly oversee the resulting revenues to ensure a specific use of the funds. The remarks,…
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Venezuela’s oil supply to rise, pressuring prices, analysts say
Introduction: A coming shift in global oil balances Analysts are increasingly confident that Venezuela’s oil production will rebound in the coming years. In the wake of recent geopolitical turmoil and strategic moves by global actors, the country’s crude output is expected to creep higher, potentially broadening global supply and putting gradual downward pressure on benchmark…