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U.S to Allow Countries to Temporarily Purchase Certain Russian Oil Products

The Trump administration issued a new license allowing countries to temporarily purchase certain Russian oil products, the same day Brent crude prices settled above $100 per barrel

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Chevron Sells Its Offshore Angola Oil Stakes to Energean

Chevron has agreed to sell its offshore oil stakes in Angola to Energean for $260 million, giving the Mediterranean energy producer a foothold in West Africa

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Oil Surges this Week for Biggest Gain

U.S. crude oil on Friday posted its biggest weekly gain in futures trading history, as the escalating war in the Middle East has triggered a major disruption to global fuel supplies.

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Brazil's Petrobras Acquires a 42.5% Stake in a Namibian Offshore Oil Exploration Block

Brazil’s state-run oil major Petrobras is marking a strategic return to Africa with a 42.5% stake in an offshore oil exploration block off Namibia.

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U.S. and India Reach a Trade Deal

The U.S. and India have reached a trade deal and will immediately move to lower tariffs on each other’s goods, President Donald Trump announced.

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OPEC Fund Raises US$1.25 Billion in the International Capital Market

The OPEC Fund for International Development (the OPEC Fund) has successfully raised US$1.25 billion through a new 5-year benchmark bond issuance.

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