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Oil Prices Surge on Geopolitical Tensions, Supply Concerns, and Demand Outlook
25 Jan 2026 00:09 GMT
… concerns, and positive demand forecasts for 2026.
Brent crude climbed by 2 … approximately 2.7%.
Latest Oil Prices:
WTI Crude • 61.07 +1.71 … .62 -2.30 -2.84%
Opec Basket • 63.21 +0.27 … revision of global oil demand growth to 930,000 barrels per day in …
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Venezuela's oil revival faces invisible challenge
24 Jan 2026 23:14 GMT
… methane emissions from the fossil fuel sector globally could be … of around 3.4 million barrels at around $100 billion. … Covid-19 pandemic when global crude demand shrivelled. Imagery also shows … without proper purging, causing oil leaks, Wood Mackenzie told …
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There’s path to take off 25% Russian oil tariffs: US Treasury Secretary Scott Bessent
25 Jan 2026 00:46 GMT
… Indian purchases by their refineries of Russian oil have collapsed. So, that … US President Donald Trump’s demand for Greenland, and EU President … , prohibits the import of petroleum products refined from Russian crude through third countries …
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Scorpion venom and Nigeria’s post-oil economy
25 Jan 2026 00:29 GMT
… declining reliance on fossil fuels, Nigeria is repositioning itself … venom and global market demand.
Beyond fear and superstition … “A single gram of refined scorpion venom can be … scorpion venom innovation, alongside crude oil, agriculture and solid minerals, …
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U.S. Drones off Yucatán: A Warning to Mexico To Halt Its Oil Shipments to Cuba?
24 Jan 2026 23:59 GMT
… the forced immobilization of oil tankers in December and the … the three in Guanabacoa had fuel.”
Although President Sheinbaum has … add, did not explicitly demand a suspension, but made … ,200 barrels per day of crude and 2,000 barrels of refined products …
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Fuel price shock: The hard truth behind Malawi’s economic revival under DPP
24 Jan 2026 21:53 GMT
… reflecting not just global oil price trends but also … that fuel price adjustments are unavoidable for any oil-importing … today’s volatile international oil markets.
Malawi’s challenges … inflation oversimplifies the problem.
Fuel demand in Malawi is relatively …
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Libya’s oil sector recovering, production tops 1.4m bpd, NOC chief says
24 Jan 2026 19:11 GMT
… the head of the National Oil Corporation (NOC), Massoud Suleiman.
… said crude oil production had risen to more than 1.4 million barrels … increase output to 2 million barrels per day within the next … manner, in line with global demand and national ambitions.
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Michigan’s Antitrust Strike: Oil Giants Accused of Cartel Plot Against EVs
24 Jan 2026 18:34 GMT
… , Shell and the American Petroleum Institute of operating as a … EV emergence and prioritize fossil fuels, driving up energy costs … , internal research uncovered fossil fuel harms, but companies sowed … the EV era. Remedies demand repayment of ill-gotten gains …
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Fuel price adjustment: A necessary measure for economic stability and growth in Malawi
24 Jan 2026 17:44 GMT
… economic realities.
The international oil market has been volatile … and Malawi, as an oil-importing country, naturally faces … emphasizes the inelasticity of fuel demand, suggesting that price increases … largely driven by global oil price trends and currency …
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China built a vast oil stake in Venezuela. Now it risks getting muscled out.
24 Jan 2026 17:20 GMT
… Amazon, government-owned China National Petroleum joined Venezuelan state-run company … crude satisfied a single-digit share of its approximately 11 million barrels … as it could hit peak oil demand within this decade as electric …