Oil edges higher
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Chevron ends Venezuela contracts
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Oil prices rose on Thursday following a U.S. trade courts decision to block President Donald Trumps proposed tariffs, easing market fears over global trade disruptions. Brent crude futures gained 81 cents,
Brent crude futures rose 47 cents, or 0.73%, to $64.56 a barrel by 0028 GMT, while U.S. West Texas Intermediate crude gained 49 cents, or around 0.8%, to $61.38 a barrel.
Crude oil futures rise as US restricts Chevron from exporting oil from Venezuela, impacting global energy markets.
Oil prices edged higher in Asian trading on Wednesday due to renewed concerns over global supply disruptions. Key drivers included looming U.S. sanctions on Russia, a U.S. export ban on Venezuelan crude,
Oil prices rose slightly due to U.S. export restrictions on Venezuela and Canadian wildfire-related supply disruptions. Markets are now watching OPEC+ meetings for possible July output changes.
Venezuela heads into a crucial election amid deep political divisions and economic turmoil. The ruling party aims to strengthen its control, while opposition factions call for a boycott. The economy faces severe challenges,
In Sunday’s election, President Nicolás Maduro has called to elect a governor of Essequibo — a region that actually belongs to neighboring Guyana.