Tag - oil

 
 

OIL

Cuban President Miguel Diaz-Canel speaks during a news conference in Havana on Wednesday, in this TV image released on Thursday.
WORLD
Feb 6, 2026
Cuba signals openness to U.S. talks as fuel begins to run out
Oil-vessel tracking analysts estimate Cuba could burn through its current inventory of fuel in less than three weeks.
An Eneos oil refinery. Oil markets kicked off the year with a high level of volatility as geopolitical risks ran ahead of market glut concerns.
BUSINESS / Companies
Feb 4, 2026
Refiner Eneos to expand oil-trading portfolio outside of Japan
Eneos beefing up its trading presence is part of a broader push to create more value across business sectors as oil markets kicked off the year with a high level of volatility.
The USS Abraham Lincoln aircraft carrier, is seen at Naval Air Station North Island in San Diego last August.
WORLD
Feb 4, 2026
U.S. jet shoots down Iranian drone near carrier in Arabian Sea
The incident caps weeks of heightened tensions, with U.S. President Donald Trump threatening airstrikes over Tehran’s violent crackdown on Iranian protesters.
U.S. President Donald Trump shakes hands with Indian Prime Minister Narendra Modi at the White House in Washington on Feb. 13, 2025.
WORLD / Politics
Feb 3, 2026
U.S. to cut tariffs on India to 18%, India agrees to end Russian oil purchases
Donald Trump announced the deal following a call with Indian Prime Minister Narendra Modi, noting that India would now buy oil from the U.S. and potentially Venezuela.
Alberto Villar prepares dinner at home during a blackout in Havana on Wednesday, as Cubans from all walks of life hunker into survival mode, navigating seemingly interminable blackouts and soaring prices for food, fuel and transport, while the United States threatens a stranglehold on the communist-run nation.
WORLD / Politics
Feb 1, 2026
Cuba decries Trump’s ‘genocidal’ threat and girds for calamity
The U.S. president said his administration would slap punitive levies on nations that supply Cuba with fuel.
A suspected Russian oil tanker seized by the French navy is moored near a port in France on Sunday.
WORLD / Politics
Jan 29, 2026
Ukraine urges EU to take action against Russian ‘shadow fleet’
The Ukrainian presidency’s special representative for sanctions, Vladyslav Vlasiuk, called for “robust actions” against Russia.
A power generating station in Texas. Following Russia’s invasion of Ukraine, Europe has replaced some of its lost Russian gas volumes with U.S. liquefied natural gas.
WORLD / Politics
Jan 28, 2026
EU warns of over-reliance on U.S. gas after Russian phase-out
The comments by the European Union’s competition chief come as U.S. President Donald Trump’s stance on Greenland has the continent on edge.
An oil refinery of Venezuelan state oil company PDVSA in Puerto La Cruz, Venezuela
BUSINESS
Jan 27, 2026
Venezuela oil reform encourages investment but needs to go deeper, executives say
Players say changes have improved conditions for existing operators and some newcomers.
U.S. Treasury Secretary Scott Bessent speaks during a news conference at the Treasury Department in Washington on Dec. 17.
WORLD / Politics
Jan 27, 2026
‘Not interested’: Alberta premier rejects U.S. statehood in swipe at Bessent
The U.S. Treasury Secretary suggested last week that the Canadian province might hold a referendum on whether to stay in Canada or not.
The silhouette of a French navy boat surrounding the GRINCH oil tanker, intercepted by France in the Alboran Sea on suspicion of operating under a false flag and belonging to Russia's shadow fleet that enables Russia to export oil despite sanctions, and diverted to the port of Marseille-Fos, in the Gulf of Fos-sur-Mer, near Martigues, France, on Sunday.
WORLD / EXPLAINER
Jan 26, 2026
What is Russia’s ‘shadow fleet’ and how does it work?
France intercepting an oil tanker suspected of being part of Russia’s “shadow fleet” has drawn attention to how the vessels allegedly operate to escape Western sanctions.
A Liberian-flagged oil tanker sails through Havana Bay on Jan. 9 after departing from Mexico to deliver refined fuel for Cuba.
BUSINESS
Jan 24, 2026
Mexico weighs stopping oil shipments to Cuba amid concerns of Trump retaliation
The policy is under review as anxiety grows within President Claudia Sheinbaum’s cabinet that the shipments could antagonize the U.S.
Crude oil tankers at Maracaibo Lake in Maracaibo, Venezuela, on Monday
WORLD
Jan 14, 2026
U.S. files for warrants to seize more Venezuela-linked oil tankers: sources
The exact number of seizure warrants the U.S. has filed for, and how many it has already received, ​is unclear, the sources said, ‌but dozens have been filed.
U.S.-Cuba tensions rose after U.S. President Donald Trump vowed to stop Venezuelan oil and money from reaching Cuba and suggested the communist-run island to strike a deal with Washington.
BUSINESS / Economy
Jan 13, 2026
Clock ticks in Cuba as Trump cuts off Venezuelan oil
The question of how long the country can hold out in the face of vastly reduced oil imports is now top of mind for the island’s ‌struggling residents.
Accumulated garbage in Havana on Jan. 6. Even before U.S. special forces whisked away President Nicolas Maduro of Venezuela, which has until now provided Cuba with heavily subsidized oil, power cuts across the island country were already affecting water delivery, trash collection and the medical system.
WORLD / Politics
Jan 13, 2026
Cuba faces humanitarian crisis and government collapse as U.S. piles on pressure
Reports by European diplomats raised the prospect that Cuba could be the next domino to fall after the U.S. capture of Venezuelan President Nicolas Maduro.
Iranian Supreme Leader Ayatollah Ali Khamenei
WORLD / Politics / FOCUS
Jan 12, 2026
Iran edges closer to a revolution that would reshape the world
The Islamic Republic has been severely weakened thanks to economic woes and Israel striking both it and its proxies.
A Liberian-flagged oil-chemical tanker sails through Havana Bay as U.S.-Cuba tensions rise after U.S. President Donald Trump vowed to stop Venezuelan oil and money from reaching Cuba and suggested the communist-run island to strike a deal with Washington, in Havana on Sunday.
WORLD / Politics
Jan 12, 2026
Trump vows to cut off Cuba’s oil after toppling Venezuelan ally Maduro
Trump urged Cuba to “make a deal” soon, pledging to cut off all oil and money flowing to the communist-run island.
Nicolas Maduro, the ousted president of Venezuela, and his wife, Cilia Flores, are escorted off a helicopter on their way to the federal courthouse in Manhattan on Jan. 5.
COMMENTARY / World
Jan 11, 2026
The precedents to Trump’s Venezuela operation
Whereas fascists and imperialists know that war requires real combat, Trump seems unwilling or unable to go that far, not least because he is weak at home.
ExxonMobil CEO Darren Woods Marathon Petroleum CEO Maryann Mannen attend a meeting with U.S. President Donald Trump at the White House in Washington on Friday.
BUSINESS
Jan 10, 2026
Trump pitches Venezuela oil to U.S. majors — and hits skepticism
Experts warned that vast reserves on paper do not translate into profitable production, pointing to outdated infrastructure and political instability.
A U.S. Coast Guard official looks toward the Russian-flagged Marinera in an image released on Wednesday.
WORLD
Jan 10, 2026
U.S. says it seized another tanker that tried to break Venezuela blockade
Washington has deployed a huge naval force in the Caribbean, striking boats it says were used for drug trafficking and seizing tankers.
The Cardon oil refinery in Punto Fijo, Venezuela. Companies like Exxon Mobil and ConocoPhillips say that Venezuela owes them billions of dollars for confiscating their assets two decades ago.
BUSINESS / Companies
Jan 9, 2026
Which U.S. oil companies have interests in Venezuela?
U.S. President Donald Trump has meet with American oil bosses to encourage investment in Venezuela’s run-down industry.

Longform

The Terasaka Rice Terraces are seen with Mount Buko in the background.
What Yokoze can teach Japan about rural revival