Drone attack in export hub Novorossiysk fuels supply worriesBeijing/Singapore — Oil prices jumped about 2% on Friday on supply fears after a Ukrainian drone attack hit an oil depot in the Russian Black Sea port of Novorossiysk, a major export hub.Brent crude futures rose $1.24, or
JUBA — South Sudan’s powerful Vice President, Dr. Benjamin Bol Mel, has been dismissed from all his government, military, and party positions following damning United Nations findings accusing him of orchestrating the large-scale plunder of the country’s oil wealth.A series of presid
Members of the Bolivarian National Militia attend a military drill, amid rising tensions with the United States, in Naguanagua, Venezuela in October.Venezuela says it is launching a “massive mobilization” of military personnel, weapons and equipment in response to the build-up of US wa
Prices are being lifted as the US Senate takes a major step toward reopening the government.Oil pumping jacks at an oilfield near Sokolovka village, in the Udmurt Republic, Russia. Image: BloombergOil rose as wider markets were lifted by a push to end the US government shutdown, wit
A Russian lawmaker has said Moscow recently delivered air defenses to VenezuelaRussian Foreign Ministry spokeswoman Maria Zakharova said on Friday that Moscow was prepared to “respond appropriately” to Venezuela’s request for military assistance amid a US military buildup in the Cari
Donald Trump has warned no US officials will attend the G20 summit in South Africa over claims white people are being persecuted in the country.The US President said it is a "total disgrace" that South Africa is hosting the meeting between leaders from the world's largest economies.
President Yoweri Kaguta Museveni has warned against external interference in African affairs, saying foreign actors are attempting to destabilize the region because they are threatened by Uganda’s growing industrial base and upcoming oil production.The President made the remarks yesterda
Sergey Lavrov has been the face of Russian diplomacy for over two decades and previously served as Russia’s ambassador to the UN.The news out of Moscow is a bit of non-news: Russia’s top diplomat is still in his job.On Friday, Kremlin spokesman Dmitry Peskov moved to tamp down i
Last week’s Tanzania elections failed to comply with democratic standards, says the African Union, adding to mounting international pressure on President Samia Suluhu Hassan’s administration over the deadly vote.The AU’s election monitoring arm, which sent a team of 72 observers to T
ABU DHABI, United Arab Emirates (AP) — Abu Dhabi hosted a major oil summit Monday, hours after the OPEC+ group of the cartel and its allies said it would halt further production increases planned in the first quarter of 2026 over concerns of too much supply in the market.The OPEC+ decisi
