Crude prices stabilized at elevated levels after recent swings, but remain exposed to renewed volatility amid rapidly shifting geopolitical conditions.
The so-called general license means U.S. sanctions will not apply for 30 days on deliveries of Russian oil that has been loaded on tankers as of Friday.
United States President Donald Trump has announced that Venezuela will turn over between 30 and 50 million barrels of sanctioned oil. This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States! Trump said on his platform Truth Social on Tuesday.
Canada's prime minister Mark Carney likes to say that when he was young, we used to build big things in this country, and we used to build them quickly. That idea of sprawling projects that transform nations, has influenced both his narrative as an economist-turned politician and his government's multibillion dollar investment spree. It's time to get back at it, and get on with it, he said in September.