#Oil

Slovakia Sends Delegation to Moscow to Expand Russian Oil and Gas Supplies

Politics 10/21/2026, 19:08

Slovakia is sending a delegation to Moscow for talks on increasing Russian oil and gas supplies. The intergovernmental commission meeting will take place on October 26 — the first since the start of the war.

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Venezuela Announces Up to $76 Billion Oil Investment Package: 250 Rigs and 17 Fields in U.S. Agreement

Economy 10/18/2026, 10:30

On October 17, Acting Venezuelan President Delcy Rodríguez announced an oil investment package of up to $76 billion over five years. The bilateral agreement with the U.S. covers 17 fields and 250 drilling rigs.

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Iran Names the Only Condition for Opening the Strait of Hormuz: US Withdrawal from the Region

Politics 10/16/2026, 20:44

Iran has conditioned the opening of the Strait of Hormuz on the US withdrawal from the region, stating it will otherwise drive them out. According to UKMTO, at least 10 vessels were attacked in October, threatening about 20% of global oil.

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No Longer Profitable: India Sharply Cuts Purchases of Russian Oil

Economy 10/08/2026, 14:39

Indian refineries are sharply cutting purchases of Russian Urals oil due to the loss of price discounts and fierce competition with China, reverting to Persian Gulf supplies.

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India Prepares Sharp Cut in Russian Oil Purchases After US 'Hellish Sanctions'

Economy 09/22/2026, 21:43

After the US signed the law on "hellish sanctions," Indian refineries have begun cutting purchases of Russian crude oil, aiming to reduce its share in imports to 20–30% to avoid possible duties of up to 100%.

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Houthis Claim Strike on Riyadh Airport and Yanbu Oil Hub: Flames and Black Smoke Spotted Over Saudi Arabia's Capital

Politics 09/20/2026, 19:57

Houthis claimed missile and drone strikes on Riyadh airport and an Aramco facility in Yanbu. Flames from fuel storage tanks were spotted over Saudi Arabia's capital; the coalition reported shooting down one missile.

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White House confirms: Trump to sign 'hellish sanctions' against Russia — tariffs up to 100% for buyers of Russian gas and oil

Politics 09/17/2026, 22:26

The White House confirmed Trump's intention to sign a sanctions law against Russia, adopted by the House of Representatives by a vote of 262 to 159. The document allows the imposition of tariffs of up to 100% on countries buying Russian gas and oil and extends sanctions against Iran until 2031.

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Trump demanded that countries compensate the US for the costs of the war against Iran

Politics 09/15/2026, 07:25

Trump stated that countries that did not help the US in the conflict with Iran must compensate for the costs after it is over. He emphasized the stability of the oil flow through the Strait of Hormuz and Washington's role in protecting it.

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Economy 09/14/2026, 18:09

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“Venezuela 2.0”: Trump Hints the US Could Stay in Iran and Take Control of Its Oil

Politics 09/14/2026, 02:56

Trump suggested that the US could stay in Iran after the war and take control of its oil along the Venezuela model, citing a “good deal” and promising a sharp drop in gasoline prices.

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A Gift for Barrels: How China Extracts $27 Billion from Sanction-Driven Discounts on Russian Oil

Economy 09/04/2026, 22:58

Rosneft head Igor Sechin stated that China has saved 27 billion dollars on discounted purchases of Russian oil since 2022. The share of Russian crude in China reached a record 27%.

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Jaishankar in Kyiv: Buying Russian Oil Won't End the War, India Will Provide Energy for 1.4 Billion Citizens

Politics 09/03/2026, 18:57

Indian Foreign Minister Jaishankar stated in Kyiv that purchases of Russian oil will not affect the end of the war and are driven by the needs of 1.4 billion citizens. Meanwhile, Indian refineries are actually reducing imports due to strikes on Russian infrastructure.

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Venezuela and the US Sign 25-Year Oil Deal: $209 Billion in Taxes and a Sovereignty Dispute

Economy 08/31/2026, 00:33

Venezuela and the US signed a 25-year oil agreement: over $100 billion in investment and up to $209 billion in taxes are expected. Rodriguez claims sovereignty is preserved, while Trump calls the deal the largest in history.

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US Economic Offensive Against Iran Stalls: Partners Ignore Threats, China Refuses to Back Down

Politics 08/30/2026, 17:35

The US has declared an "economic offensive" against Iran, comparing it to Normandy, but China, which buys 90% of Iran's oil, and other Tehran partners are ignoring the sanctions. Analysts call the measures adopted too weak.

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US Prepares Deal for Long-Term Access to 17 Venezuelan Oil Fields

Economy 08/28/2026, 08:21

Washington is preparing an agreement for long-term access by American companies to 17 Venezuelan fields, while Caracas is considering leaving OPEC amid its rapprochement with the United States.

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China Rejects US Sanctions Demands Over Iranian Oil Purchases and Threatens Countermeasures

Politics 08/26/2026, 16:22

Lin Jian, the official spokesperson of the PRC Ministry of Foreign Affairs, rejected US demands to halt purchases of Iranian oil and declared readiness to apply the law on countering foreign sanctions.

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“There Is No Money Anyway”: The Irony of Iraq’s Prime Minister as a Marker of the Anti-Corruption Campaign and the Macroeconomic Dead End

Politics 08/23/2026, 19:36

Iraqi Prime Minister Ali al-Zaidi ironically declared that there will be no corruption “because there is no money,” against the backdrop of a $77 billion audit and record arrests in the “Green Zone.”

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Iran Threatens to Strike Alternative Persian Gulf Oil Routes: "Not a Single Drop of Oil Will Leave the Region"

Politics 08/23/2026, 15:41

Iran's National Security Council Secretary Mohsen Rezaei stated on August 22 that if regional countries join US sanctions, Tehran will strike alternative Persian Gulf oil routes. The Strait of Hormuz, he said, will remain closed until Washington changes its position.

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