Oil

US lifts sanctions on Venezuelan Assembly chief Jorge Rodriguez amid deal for oilfield access

Jorge Rodriguez has led the Venezuelan legislature since 2021. Acting President Delcy Rodriguez took power earlier this year after the US ousted Nicolas Maduro, who is now awaiting trial in the US.

Venezuela's National Assembly President Jorge Rodriguez (R) talks to First Vice President Pedro Infante during a session of the National Assembly in Caracas on September 23, 2026.
FILE PHOTO: Surveillance footage shows people sitting in a waiting area reacting at the moment of an attack, in a location given as King Khalid International Airport in Riyadh, Saudi Arabia, October 10, 2026, in this frame from a handout video.

Yemen's Houthis vow more attacks on Saudi airports, oil facilities after Aramco HQ hit

.S. President Donald Trump arrives for a campaign rally at the Menard Memorial Sports Center on October 13, 2026 in Wasilla, Alaska.

'We're going to hit them hard': Trump threatens Iran as Tehran escalates shipping attacks

A Patriot missile battery is seen near Prince Sultan air base at al-Kharj on February 20, 2020; Illustrative.

Ongoing explosions in Riyadh, Aramco headquarters as Saudi coalition intercepts Houthi attacks


Argentina files international case against Israeli-led oil project in UK's Falkland Islands

In September, Argentina began sanctions proceedings against more than 60 companies and people linked to the offshore oil drilling project, a move UK officials have strongly pushed back on.

The Falkland Islands

Bank executives to represent Israel at IMF conference in Bangkok

At the IMF event in Bangkok, top officials will emphasize economy strength despite the war | Burning questions on the agenda: Oil prices and global interest rates.

Bank of Israel Governor Amir Yaron.

Middle East conflicts, energy supplies, to dominate IMF-World Bank meetings in Thailand

The US-Israeli-led war with Iran, now in its eighth month, and the inflation and hardship it has caused will dominate the agenda and sideline conversations during the annual meeting.

International Monetary Fund logo is seen outside the headquarters building during the IMF/World Bank spring meeting in Washington, US, April 20, 2018.

CENTCOM strikes commercial vessel with precision munition after ship attempts to bypass blockade

Additionally, the IRGC said on Saturday that an oil tanker had exploded and caught fire after hitting a naval mine while transiting the Strait of Hormuz, Iranian state media reported.

Vessels transit the Strait of Hormuz off the coast of the port city of Bandar Abbas in southern Iran on September 5, 2026; illustrative

Trump leaves door open to Iran strike before midterms, less than a day after ruling it out

Asked about possible US strikes on Iran before the midterms, Trump said, "We may. I mean, we'll see." Trump also discussed the Russian diesel deal and the Fort Hood shooter.

US President Donald Trump dances on stage during a rally at Pinnacle Bank Expo Center in Grand Island, Nebraska, US, October 5, 2026.

Trump says Russia to 'immediately supply' 300,000 tons of diesel fuel to US, global markets

Another 500,000 tons are expected to be supplied in November, and another 1,000,000 'immediately thereafter,' according to Trump. Zelensky responded by saying the deal was 'an investment in war.'

A bird flies near a price board at a Rosneft petrol pump amid fuel shortages following recent series of Ukrainian air attacks on oil refineries in Russian regions and further gasoline production cuts, in the course of the Russia-Ukraine conflict, in Moscow, Russia, August 14, 2026.

UK announces new round of Russia sanctions targeting financial services, 'shadow fleet'

The sanctions were brought against companies, including those allegedly involved in Russian financial services and entities that facilitate the production and trade of Russian ballistic missiles.

The Russian flag flies on the dome of the Kremlin Senate building behind Spasskaya Tower, in central Moscow, Russia, May 4, 2023.

South Korea accused by Ukraine of aiding Russia with 176,000 tons of fuel amidst critical shortage

"These shipments began precisely when Ukrainian strikes on Russian oil refineries were reducing processing volumes and creating a fuel shortage within Russia."

The container ship "Panstar Acro" is anchored to load containers at Busan New Port in Busan on August 22, 2026, as the vessel is scheduled to sail to Europe via the Arctic to test the commercial viability of the shipping route opened by melting ice.

Yitzhak Tshuva’s Ithaca Energy invests $860 million in Canadian oil drilling

North Sea-focused Ithaca purchases producing oil assets in Canada for $860m. Deal involves 103 million barrels at an average price of $8 per barrel.

Offshore gas and oil drilling rig.

Qatar's UCC in talks for possible entrance into oil, gas areas in Venezuela, executive says

UCC, British BP, and XRG, a unit of United Arab Emirates' state company ADNOC, last month were granted a long-term license to develop the Loran gas project, one of the largestin Venezuela's waters.

The Venezuela International Oil & Gas Summit 2026, the first major international energy summit since Nicolas Maduro's removal from power in January, in Caracas, Venezuela, September 29, 2026.