Trump warns of tariffs on countries exporting oil to Cuba
Trump Imposes Tariffs on Oil Goods to Cuba On Thursday, President Trump signed an executive order to impose tariffs on goods from countries that export or supply oil to Cuba. This decision is expected to deepen the energy crisis the country is already facing. This move is likely to put considerable pressure on Mexico, which […]
Trump signs directive warning of tariffs on countries supplying oil to Cuba
Trump Issues National Emergency Order for Cuba On Thursday, President Donald Trump announced a national emergency in relation to Cuba through an executive order. He accused the communist government of collaborating with foreign adversaries and terrorist organizations, while also targeting nations that provide oil to Cuba. The executive order highlights that the actions of the […]
US relaxes restrictions on Venezuelan oil following Maduro’s arrest
The administration of former President Trump announced on Thursday that it would relax sanctions imposed on Venezuela’s oil sector. The U.S. aims to boost oil production in this South American nation following the recent detention of its leader, Nicolás Maduro. The Treasury Department stated that it would permit transactions essential for the extraction and sale […]
5 Strong Energy Stocks Outperforming the Market – Current Crude Oil Prices
Energy Sector’s Recovery and Top Performers Last year saw the energy sector lag behind in the bustling U.S. stock market, marking a return of just 7.9%, notably underperforming compared to a 16.4% surge in the previous year. This dip was largely influenced by a significant drop in oil prices during the latter half of 2025. […]
Cuba Loses Important Oil Source as Trump Predicts Communist Government Will Collapse ‘Very Soon’
Tensions Escalate in Cuba Amid Oil Supply Disruptions Rising tensions are evident within Cuba’s communist government as President Donald Trump ramps up efforts to isolate the nation, coinciding with Mexico’s halt of essential oil shipments that have been crucial for the island’s survival. Mexican President Claudia Sheinbaum announced on Tuesday that the state oil company […]
Ecuador Increases Tariffs on Colombian Crude Oil by 900 Percent
Ecuador’s government, under President Daniel Novoa, declared on Monday a hefty 900 percent increase in tariffs for Colombian crude oil transported via its pipeline system. This move adds fuel to the ongoing trade dispute. Energy Minister Inés Manzano stated in a local radio interview that Ecuador will now impose a charge of $30 for each […]
PetroChina Decides Not to Purchase U.S.-Controlled Venezuelan Oil
PetroChina Halts Venezuelan Crude Purchases Following U.S. Actions PetroChina, the state oil company of China, has reportedly advised its partners to refrain from purchasing or trading Venezuelan crude oil since the U.S. gained control over Venezuelan oil exports earlier this month, as stated by Reuters on Tuesday. According to two trading executives familiar with the […]
Mexico overtakes Venezuela as Cuba’s leading oil provider during political turmoil
The Venezuelan regime under Nicolás Maduro has historically supported Cuba, America’s nearby communist counterpart. But with Maduro now incarcerated in New York, U.S. lawmakers and experts are shifting their focus to Mexico, which has quietly taken over Venezuela’s role as Cuba’s primary oil supplier. As of January, Mexico provided about 13,000 barrels of oil per […]
Trump claims to have taken control of Venezuela’s oil but can’t disclose the ships’ locations.
Trump Discusses Venezuelan Oil Transport President Trump revealed that the U.S. has transported Venezuelan oil using seven recently seized tankers, although he did not disclose their current locations. “I’m not allowed to tell you,” he remarked during an interview in the Oval Office. “But let’s just say: They don’t have the oil. We take the […]
California takes legal action against Trump regarding the dispute over federal oil pipeline authority.
California Attorney General Sues Trump Administration Over Oil Pipeline California’s Attorney General, Rob Bonta, announced on Friday the state’s decision to sue the Trump administration. The lawsuit pertains to actions taken by the Pipeline and Hazardous Materials Safety Administration (PHMSA), which has claimed federal authority over two state oil pipelines and permitted their reopening. During […]