Stakeholders in the oil gas sector have decried the continuous loss of jobs and investment in Africa due to lack of local value addition in crude oil production in the continent. The experts who spoke during the 9th Nigerian International Energy Summit (NIES) said there is the need to finance refineries in Africa to increase…
Washington — President Trump announced Monday that he and Indian Prime Minister Narendra Modi have agreed to a trade deal that will lower tariffs on products from India to 18% and halt India’s purchase of Russian oil. In a post on Truth Social, the president said Modi also committed to buy American products at a…
US President Donald Trump speaks to reporters while in flight on Air Force One, traveling from Shannon, Ireland en route Joint Base Andrews in Maryland on January 22, 2026. Mandel Ngan | Afp | Getty Images U.S. President Donald Trump‘s warning that a U.S. “armada” is heading toward Iran has deepened concern of potential military…
US forces say another Venezuela-linked tanker seized as Trump continues moves to take control of nation’s oil reserves. Published On 16 Jan 202616 Jan 2026 Click here to share on social media share2 Share United States forces have seized an oil tanker in the Caribbean that the Trump administration said had links to Venezuela, the…
The US has seized a sixth tanker in the Caribbean Sea in its ongoing efforts to control exports of Venezuelan oil, officials say. The vessel, Veronica, was boarded in a predawn operation “without incident” as it was defying President Donald Trump’s “quarantine of sanctioned vessels”, said the US military. “The only oil leaving Venezuela will…
Oil prices fell more than 4% on Thursday, after comments from U.S. President Donald Trump eased market speculation that an American strike on Iran could be imminent. Brent crude oil futures, the global benchmark, lost 4.13%, or $2.75, to $63.77 a barrel. Front-month West Texas Intermediate crude lost $2.65, or 4.27%, to trade at $59.37…
Iranians gather while blocking a street during a protest in Tehran, Iran on January 9, 2026. Mahsa | Afp | Getty Images Crude oil prices rose more than 2% on Tuesday, after U.S. President Donald Trump canceled all meetings with Iranian officials and promised protesters that help is on the way. U.S. crude oil rose…
NewsFeed President Donald Trump said his administration will decide which oil companies are allowed to operate in Venezuela, as he met oil executives at the White House less than a week after the US abduction of Venezuela’s president. Published On 10 Jan 202610 Jan 2026 Click here to share on social media share2 Share
President Donald Trump met Friday afternoon with more than a dozen oil companies at the White House to discuss plans for investment in Venezuela, less than a week after the U.S. ousted President Nicolás Maduro. Exxon CEO Darren Woods, ConocoPhillips CEO Ryan Lance and Chevron Vice Chairman Mark Nelson attended. Executives from Halliburton, Valero and…
When President Trump announced the capture of former Venezuelan President Nicolás Maduro and his wife on Saturday, he justified the military operation in part by framing it as a move to recover assets that he claims had been stolen from U.S. companies. “Venezuela unilaterally seized and sold American oil, American assets and American platforms, costing…
