Gold Briefly Jumps Toward $5,600 as Iran Tensions Flare
Gold prices surged sharply on Thursday morning as energy markets jolted higher following fresh Iran-related rhetoric from U.S. President Donald Trump, briefly sending oil prices up by as much as…
Malaysia’s Petronas to Boost Exploration to Maintain Domestic Output
Malaysia’s Petronas plans to boost exploration, deepwater development, and enhanced oil recovery over the next three years as it looks to maintain its domestic oil and gas production stable at…
Citgo Buys Venezuelan Oil for the First Time Since 2019 Sanctions
Citgo Petroleum, the U.S.-based refiner formerly owned by Venezuela’s state oil firm PDVSA, has bought its first Venezuelan crude under U.S. control, anonymous sources with knowledge of the situation have…
TotalEnergies Pushes Ahead With Mozambique LNG Despite Risks
After a five-year hiatus, French supermajor TotalEnergies is formally relaunching on Thursday the $20-billion Mozambique LNG project at an event led by Mozambique’s President Daniel Francisco Chapo and attended by…
Reliance Industries Slashes Russian Crude Imports Under U.S. Sanctions Pressure
India’s largest private refiner, Reliance Industries, will import about 150,000 barrels per day (bpd) of non-sanctioned Russian crude from February, as it limits intake from Russia and complies with the…
Lukoil Agrees to Sell International Assets to Carlyle
Russia’s oil producer Lukoil has agreed to sell most of its international assets to private equity giant Carlyle. Following the U.S. sanctions on Lukoil and Rosneft, “as a result of Russia’s lack…
Sanctions Pushed Russian Oil Revenues Lower in 2025
Sanctions from the European Union and the United States pressured Russian crude oil export revenues to a 20% decline on the year in 2025, the Financial Times reported, citing Agus…
Saudi Arabia Weighs Another Cut to Arab Light Prices for Asia
Saudi Arabia may cut the price of its flagship Arab Light for March delivery yet again, Reuters has reported, citing trading sources it did not name. The price cut would…
