Global oil prices extended their rally on Wednesday, rising for a fifth consecutive session as fears of potential supply disruptions from Iran overshadowed signs of increasing output elsewhere. Markets remained on edge amid growing concerns that escalating tensions between the United States and Iran could disrupt crude flows from the…
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Trump Claims U.S. Will Get Venezuelan Oil After Maduro Raid
U.S. President Donald Trump has announced that the United States will receive between 30 and 50 million barrels of Venezuelan oil at prevailing market prices, following a dramatic U.S. military operation that led to the capture of Venezuelan leader Nicolás Maduro. The claim, made through Trump’s social media platform Truth…
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Reliance Shares Slide 5% on US-Venezuela Tensions: Buy Now?
Reliance Industries Ltd (RIL) shares witnessed a sharp sell-off on Tuesday, January 6, sliding over 5% in intraday trade as global markets reacted nervously to escalating tensions between the United States and Venezuela. The decline marked the second consecutive day of losses for India’s most valuable listed company, sparking debate…
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Oil Prices Surge 5% After US Sanctions on Russian Giants
Global oil prices spiked sharply on Thursday after the United States imposed sweeping sanctions on Russia’s largest oil companies, Rosneft PJSC and Lukoil PJSC. Brent crude surged by more than 5%, trading near $66 a barrel — its biggest single-day gain since the Israel-Iran conflict began in mid-June. The sanctions,…