Chevron is loading Venezuela oil onto tankers
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Oil Rises
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Investors look to safe-haven assets like gold and silver to limit risk from the ongoing political instability in Latin America.
Shell Plc said its oil trading performance worsened in the fourth quarter as crude prices slumped, adding to signs that Big Oil is heading into a tougher earnings season.
On the Multi Commodity Exchange (MCX), crude oil futures for January delivery declined by Rs 110, or 2.11 per cent, to Rs 5,100 per barrel in a business turnover of 16,723 lots.
US military strikes in Venezuela and President Donald Trump’s remarks on boosting oil production under American control have set off global ripples, raising questions over the future of the world’s largest proven reserves and the geopolitical balance among key partners — Russia,
Oil futures gained as the market put aside prospects of increased Venezuelan crude supply and focused on a U.S. congressional bill that would allow for hefty sanctions against buyers of sanctioned Russian oil.
The energy giant said results from trading would be 'significantly lower' than in the third quarter, helping to send its wider chemicals and products division to a loss.
Reflections and stock-taking are usually a part of the end-of-year celebrations. For investors in the crude oil market, 2025 has been a rather underwhelming year. Brent oil price began the year on its front foot,
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The U.S. captured Venezuelan President Nicolás Maduro in an extraordinary military operation early Jan. 3, bringing him to New York City to face drug-trafficking charges. Maduro pleaded not guilty in federal court on Jan.