5 d. ago Trump plots oil blockade as he warns Cuba to ‘make a deal before it’s too late’

DONALD Trump's team is plotting a crushing oil blockade to bring communist Cuba to its knees and force a regime change. The White House is weighing up a hardline plan to choke off all oil deliveries to the island. Secretary of State Marco Rubio has backed the move, but final approval has not yet been...

Events

5 d. ago California sues the Trump administration over plans to restart oil pipelines along the coast

California Attorney General Rob Bonta is suing the Trump administration for approving an oil company's plans to restart two oil pipelines along the state's coast

Politics

6 d. ago Venezuela opens debate on an oil sector overhaul as Trump seeks role for US firms

Venezuela’s legislature is debating a major overhaul of its oil sector, the first since Hugo Chávez's era

Politics

7 d. ago Trump renews attack on UK for not allowing more oil drilling in North Sea – UK politics live

The US president highlighted the North Sea as part of a wider criticism of clean energy policiesWe’re not far off PMQs. Here is the list of MPs down to ask a question.There will be two statements in the Commons after PMQs. At 12.30pm Ed Miliband, the energy secretary, will give one about the warm homes plan, and about an hour later Emma Reynolds, the environment secretary, will give one on the water white paper. Continue reading...

Politics

7 d. ago Donald Trump blasts UK Government over North Sea oil in rambling Davos speech

In a long-winded speech to the World Economic Forum, the US President said it was becoming "impossible" to extract oil and gas from the waters around Scotland.

Politics

7 d. ago Trump hits out at Britain's 'catastrophic' North Sea oil and gas curbs as he stokes mounting feud with Keir Starmer

Donald Trump lashed out at Britain's 'catastrophic' North Sea oil and gas curbs today as he stoked Transatlantic tensions.

Politics

8 d. ago Trump seizes SEVENTH tanker in Caribbean as footage shows special forces on boat after it ‘took oil from Venezuela’

AMERICAN forces have seized a seventh oil tanker linked to Venezuela as President Donald Trump ramps up his campaign to choke off illicit crude exports from the country. US Southern Command said the Motor Vessel Sagitta was boarded and taken under control “without incident” in the Caribbean after operating in defiance of Trump’s quarantine on...

Politics

8 d. ago US forces in Caribbean seize seventh sanctioned oil tanker linked to Venezuela

U.S. forces have boarded and taken control of a seventh oil tanker connected with Venezuela as the Trump administration continues its efforts to take control of the oil in the South American country

Events

1 week ago Americans disapprove of Trump’s foreign policy. His escapades are likely to cost him | Sid Blumenthal

History tells us what happens when American presidents focus on foreign policy and neglect domestic economic policyDonald Trump’s blitzkrieg since his 3 January seizure of the Venezuelan leader Nicolás Maduro has been guided by his triumph of the will, as he told the New York Times. “Yeah, there is one thing. My own morality. My own mind. It’s the only thing that can stop me I don’t need international law.”Trump treats the spectacle as a reality TV show in which he is both the executive producer and the host who ultimately declares himself the winner. At his 3 January press conference on the day of Maduro’s seizure, Trump mentioned “oil” 27 times, “money” 13 times and “democracy” not once. He trashed the democratic opposition as lacking “respect” and “support”. The capture of Maduro was a decapitation, not regime change. Indeed, Trump served as a convenient agent of an internal coup of the existing powers, whom he declared “an ally”. “We have to fix the country first,” he said. “You...

Politics

1 week ago Trump’s first Venezuela oil sale deal goes to megadonor’s company

Senior Vitol trader met US president at White House last week and gave millions to his re-election campaign

Economics

1 week ago US forces seize another oil tanker in Carribean Sea – Kristi Noem says has ties to Venezuela

The Veronica marks the sixth tanker seized by US forces as part of the administration of Donald Trump’s drive to control Venezuela’s oil products

Events

1 week ago Dramatic moment US forces storm oil tanker as Trump plays kingmaker in Venezuela

Video posted on X showed troops rappelling from a helicopter onto the deck of The Veronica in a pre-dawn seizure in the Caribbean on Thursday.

Events

1 week ago US military seizes Venezuela oil tanker under Trump sanctions

US marines boarded foreign-flagged crude carrier Veronica in a pre-dawn operation backing Trump’s sanctions pushThe US military has seized another oil tanker at sea in support of Donald Trump’s sanctions against Venezuela, military officials announced on Thursday.Veronica, a crude oil tanker that marine records suggest is sailing under a Guyanese flag, was boarded in a pre-dawn action by US marines and sailors, the US Southern Command said in a post on social media. Continue reading...

Events

1 week ago Why big oil giants may not rush to buy into Donald Trump’s Venezuelan vision

It may well be safer, easier and cheaper for US companies to procure whatever oil the US economy needs at homeThere are a few reasons that Donald Trump – now self-anointed acting President of Venezuela, as well as the United States – might be so excited about appropriating Venezuela’s oil.Trump may be counting on some boost from cheap oil to the US economy: he is obsessed with the price of gas. As the midterm elections approach, he has become concerned about unemployment. Deeply imprinted memories of scarcity during the oil crises of the 1970s may prime his belief that cheap oil cures it all. Continue reading...

Politics

1 week ago Malaysians joke they could be ‘the next Venezuela’ after US embassy’s admiring post

Jokes abound online after US embassy posts stunning image from space, with Malaysians telling Trump they have ‘no oil... just tiger and crocodile’

Politics

1 week ago Asian shares are mostly lower and oil sinks $2 after Trump says Iran stopped killings

Asian shares are mostly lower after Wall Street retreated on Big Tech losses

Events

2 w. ago Malaysians fear they could be ‘the next Venezuela’ after US embassy’s admiring post

Jokes abound online after US embassy posts stunning image from space, with Malaysians telling Trump they have ‘no oil... just tiger and crocodile’

Politics

2 w. ago Jon Stewart ruthlessly mocks Trump over ‘old man move’ that interrupted White House meeting

Trump interrupted a meeting with US oil executives Friday to gaze out the window at his new White House ballroom

Events

2 w. ago Eleven central bank chiefs defend Fed’s Jerome Powell over DoJ investigation; oil hits two

Rolling coverage of the latest economic and financial news, as Trump says countries doing business with Iran face 25% tariff on US tradeGlobal central bank officials are reportedly planning to release a coordinated statement of support for US Federal Reserve Chair Jerome Powell, after America’s top central banker was threatened with a criminal indictment.Reuters is reporting that the statement, which is expected to contain the signatures of central bankers from around the world, will back Powell and stress the need for independent central banking. Continue reading...

Events

2 w. ago Oil prices jump as new Trump tariff threats placed on Iran trade partners

Trump has repeatedly used tariffs as a threat over the past year to nations doing business with the US

Politics