An oil tanker under EU sanctions for carrying Russian oil is being escorted to Tanger Med in Morocco by a Spanish rescue ship, Spain's Merchant Marine said on Tuesday.
Crude oil continues to drift back and forth on Tuesday, as we continue to see the supply and demand situation drive the price down, but now we also have to keep in mind that the geopolitical issues keep it supported.
Natural gas pulls back from $6.80 while WTI and Brent hold rising channels, as traders balance supply recovery against weather and risk premiums.
India's state-run Hindustan Petroleum Corp Ltd is seeking Venezuelan crude for the first time as the refiner plans to increase heavy oil processing in the new fiscal year starting April, Chairman Vikas Kaushal said on Tuesday.
Oil prices dropped despite massive U.S. supply disruptions and renewed Middle East tensions, as weak demand kept crude under pressure while natural gas surged on winter-driven demand.
Oil prices fell on Tuesday even as a massive winter storm hit crude production and affected refineries on the U.S. Gulf Coast.
Oil edged lower in the morning Asian session, but may be supported by Iran tensions that could lead to supply disruptions.
Hungary's MOL agreed to pay up to 1 billion euros ($1.19 billion) to buy a majority stake in Serbia's oil firm NIS from its Russian owners, Serbian President Aleksandar Vucic said on Monday.
OPEC+ is expected to keep its pause on oil output increases for March at a meeting on Sunday, three OPEC+ delegates told Reuters, with prices rising due to a drop in Kazakhstan's oil production.
In a downtown Houston bar, Matthew Goitia, a director at Pelorus Terminals, lays out his early idea to refurbish and build marine terminals that can blend and export crude and ship chemical products in Venezuela.
Natural gas breaks $6.25 as oil holds near $61, with traders eyeing $7 gas and $65 Brent amid geopolitical risk and bullish technical signals.
Russian fuel oil exports to Asia slowed in early 2026 as rising scrutiny due to tighter Western sanctions hampered trade while Ukrainian drone attacks on refining facilities in Russia reduced output, according to shipping data and industry sources.