The tit-for-tat trade war between the US and China earlier this year cooled by late October after President Trump and President Xi agreed to a trade truce that, so far, appears to be holding. There are early signs that the truce is beginning to restore rare earth trade between China and the West, as Beijing...Continue Reading

Woodside Energy Chief O’Neil To Take Helm at BP in 2026 | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Dec 19, 2025, 2:00 PM CST FTSE...Continue Reading

Russia Faces Sharp Drop in Oil Tax Revenue at Start of 2026 | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Dec 19, 2025, 12:40 PM CST Russia is heading into 2026...Continue Reading

The total number of active drilling rigs for oil and gas in the United States fell by 6 this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US  to 542 this week, down 47 from this same time last year. The number of active oil...Continue Reading

Ukraine Hits Russian Shadow Tanker in Mediterranean for First Time | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 19, 2025, 11:30 AM CST Ukraine has hit an empty oil tanker of Russia’s shadow fleet in the Mediterranean in the first such drone attack in...Continue Reading

And Japan makes it five for the C5 in 2025. The heads of state of the five Central Asian countries are traveling to Japan for a December 19-20 summit hosted by Japanese Prime Minister Sanae Takachi under a format dubbed C5+1. It marks the fifth such “C5+1” summit for Central Asian leaders this year, following...Continue Reading

Iraqi Crude Can’t Replace Venezuelan Oil in the U.S. Market | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 19, 2025, 10:30 AM CST The economics of shipping additional volumes of heavy crude from Iraq to compensate for a potential loss of Venezuela’s supply are...Continue Reading

Aminex said pipeline construction and upstream work at Tanzania’s Ntorya gas project are advancing, keeping the development on track for first gas in 2026. SourceContinue Reading

TIPRO praised House passage of the SPEED Act, saying streamlined NEPA permitting would accelerate oil and gas projects, boost energy security and support growing U.S. power demand. SourceContinue Reading

$60 Oil Is No Longer a Floor | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics and later completed an Executive MBA in Energy Transition at the University of Groningen.… More Info Premium Content By Tom Kool – Dec 19, 2025, 10:00 AM CST Brent is clinging to $60...Continue Reading