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US considers naval blockade on Cuba amid oil supply tensions
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Reports indicate the Trump administration is weighing a naval blockade to halt oil imports to Cuba, prompting strong condemnations from Havana and international allies. Cuban officials have labeled the potential move a brutal act of aggression, while China and Russia voice support for the island nation.
Japan's largest oil refiner, Eneos Holdings, plans to expand its team for oil-derivative trading at overseas offices including Singapore. This initiative aims to boost its presence in major trading hubs amid high volatility in oil markets at the start of the year.
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Venezuelan envoy Remigio Ceballos stated in Beijing that despite concerns in the Chinese capital over last month's unprecedented US assault on Venezuela, ties between the two nations will remain unaffected by third-party interference. Ceballos dismissed reports that Washington would set prices for all oil transactions between China and Venezuela, emphasizing that Chinese enterprises' operations there continue normally.
Haharapin ng mga motorista sa Pilipinas ang isa pang pagtaas ng presyo ng gasolina ngayong linggo, na tataas ng P1.40 bawat litro ang diesel simula Martes, Enero 27. Ito ang ikalimang sunod-sunod na linggo ng pagtaas para sa diesel. Magkakaroon din ng bahagyang pagtaas ang gasolina at kerosene.
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Residents in Nigeria's Niger Delta are raising concerns about public health risks and environmental harm from oil theft and spillage.
The recent US intervention in Venezuela, culminating in Nicolás Maduro's capture, has altered the regional oil landscape. President Donald Trump pledged to attract US investments to revitalize Venezuela's industry, while Colombia faces challenges in its crude production and exports. This dynamic could intensify competition in the heavy crude market.
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Former prime minister Carl Bildt testified in the Lundin Oil trial at Stockholm District Court about the company's operations in Sudan. He described the company as a positive force in a complicated conflict zone and questioned reports of abuses. The indictment concerns suspected complicity in war crimes from 1999 to 2003.
Oil prices sustain rally above 2026 budget, boost naira
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