As December 2025 dawns, the world watches with bated breath as the United States and Venezuela teeter on the brink of open conflict. What began as economic sanctions and diplomatic barbs has escalated into a naval armada in the Caribbean and veiled threats of regime change. This isn't just a regiona

Crude prices were little changed on Friday as investors eyed the progress of the Russia-Ukraine peace talks and the outcome of the OPEC+ meeting on Sunday for clues on potential changes in supply. Russian President Putin said on Thursday that outline draft peace proposals discussed by the US and Ukr

Oil prices were stable on Friday but were still headed for a weekly loss after news of potential increases to OPEC+ supply. For the week, Brent was trading 8.2% down and WTI was on course for a 7.6% decline. OPEC+ could agree at an online meeting on Sunday to raise production in November by 274,000-

Oil prices jumped on Thursday, extending gains from the previous session, after the US imposed sanctions on Russian oil companies Rosneft and Lukoil over the Ukraine war. The new sanctions aiming to imperil a war machine were unveiled one day after plans for a summit between Trump and Putin were put

Oil prices edged lower on Friday, heading for a weekly loss, with uncertainty over global energy supplies after Trump and Putin agreed to meet in Hungary to discuss ending the war in Ukraine. The EIA said US crude inventories increased by 3.5 million barrels last week, compared with analysts' expect