India's state-run Bharat Petroleum Corp has made its first-ever purchase of Venezuelan oil, and private refiner HPCL Mittal Energy Ltd (HMEL) has bought the South American country's crude for the firs
Oil futures spiked by over 4% in intraday trading on Wednesday, as elevated U.S.-Iran tensions and fears of a conflict in the Middle East gripped the global market.
It looks unlikely that the U.S. would try destroying Iranian oil infrastructure because the Trump administration has talked about bringing energy prices down, says strategist
The U.S. Treasury Department said on Wednesday that companies working in the Venezuelan oil business must pay local taxes, permits and fees to the government of Venezuela, while royalties and federal
Traders are also worried that U.S. will strike Iran to put more pressure on the country.
Oil prices are holding firm near recent highs as geopolitical tensions in the Middle East counterbalance a more cautious demand outlook from the EIA.
The crude oil markets continue to see consolidation, but the tensions between Russia and Ukraine have put a bit of a bounce into the market on Wednesday.
Glencore traded more oil last year but earned less from its energy trading business for the third year in a row, the commodity trader and mining group's annual earnings showed on Wednesday.
Vice President JD Vance said Iran failed to address U.S. red lines during nuclear talks in Geneva this week. President Donald Trump reserves the right to use military force if negotiations fail, Vance

Crude futures rise on U.S.-Iran tensions

07:39am, Wednesday, 18'th Feb 2026
Traders are assessing the possibility that the U.S. would attack Iran, and are considering the disruption that could cause to markets.
Global oil benchmarks edged up as traders picked through the details of recent U.S.-Iran talks.
WTI crude oil consolidates as Iran talks ease war premium. Inventory data and $62.19 pivot in focus.
U.S. President Donald Trump has lauded nearly $36 billion in investment from Japan to support three American-based projects. It represents the first batch of investments by Tokyo following a landmark
Oil prices ease as Tengiz output ramps up and US crude stocks rise 2.3 mn barrels, while geopolitical tensions keep WTI and Brent volatile.
Italian energy major Eni is weighing re-entering oil and gas trading as it seeks the outsized returns enjoyed by BP , Shell and TotalEnergies as geopolitical tensions fuel energy price volatility, the
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