WATCH: Venezuelan Opposition Leader MARIA CORINA MACHADO Speaks at CERAWeek – Proposes to “Unlock” Venezuelan Oil and Have Goven…

Venezuelan opposition leader and Nobel Laureate Maria Corina Machado addresses delegates at the 44th annual CERAWeek by S&P Global in Houston the week of March 23, 2026. Top oil executives,…

War Complicates Pricing of Saudi Arabia’s Oil for Asia

Days before it is slated to announce pricing for May-loading cargoes for Asia, the world’s top crude exporter, Saudi Arabia, is unsure how the typical price mechanism could apply and…

South Korea Weighs First Public Driving Restrictions in 35 Years

South Korea is weighing the possibility to extend driving curbs from civil servants’ use of vehicles to the general public if oil prices hit $120 per barrel, Finance Minister Koo…

Nigeria Pays 65% More for Gasoline as Dangote Battles Crude Import Costs

Despite the fact that Nigeria is now home to the biggest oil refinery in Africa, Nigeria’s gasoline prices have soared to a record high amid the war in the Middle…

Global Fuel Prices Are Surging as the Middle East War Hits Consumers

The jump in oil prices due to the war in the Middle East has translated into fuel price hikes across the world, from the United States to Europe and Asia.…

China Sends Fuel to Struggling Southeast Asia Despite Export Ban

Despite a ban on fuel exports from early this month, China has delivered cargoes of diesel and other fuels to Southeast Asia in recent days in a sign that Beijing…

Australia Cuts Fuel Tax in Half as Middle East War Squeezes Supply

Australia is halving the fuel excise on gasoline and diesel for three months in a bid to alleviate financial stress from spiking fuel prices, the government said on Monday. The…

India Leans on Coal and Renewables as War Throttles Gas Supply

India is speeding up the commissioning of wind farms and battery storage systems as its natural gas supply is slashed amid the war in the Middle East, India’s junior power…

Brent Hits $115 as Trump Threatens Iran’s Oil Wells and Power Plants

President Donald Trump on Monday threatened to destroy Iran’s power plants, oil wells, Kharg Island, and potentially its desalination infrastructure if no ceasefire deal is reached, even as he claimed…