After years of shortages and economic collapse, Venezuelans face fresh uncertainty as Trump threatens an oil blockade — but many say they’re too exhausted to do anything but endure.
oil
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Putin and Modi expand India-Russia economic ties in talks in New Delhi
India gave Russia’s leader a warm welcome in his first visit since his country invaded Ukraine. The visit in part signaled India’s defiance of the U.S., which has punished New Delhi for buying Russian oil.
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Leaders promised to cut climate pollution, then doubled down on fossil fuels
Ten years after countries promised to cut climate pollution in the Paris Agreement, countries plan to produce more than twice the amount of fossil fuels that would be consistent with that deal.
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The U.S. is a major importer of Indian products made from Russian oil
The United States imports oil products from India’s Reliance Industries refinery, which sources nearly half its oil from Russia.
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Contract breach or banditry? Inside the collapse of the Taliban’s oil deal with China
Two years after the oil deal was signed, it collapsed — with the Taliban accusing the Chinese company of breaching the contract and some Chinese employees likening the Taliban’s actions to robbery.
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What Trump’s threat to tariff Russia’s trade partners means for India
President Trump said India would pay the price for buying Russian oil and military equipment. Here is a look at how India, with one of Asia’s largest economies, is responding.
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Why a war in the Middle East hasn’t sparked an oil crisis
Global crude oil prices are now lower than they were before Israel attacked Iran earlier this month. A price spike did occur, but it was short-lived — unlike oil crises of the past.
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Why oil prices are falling, and what it means for the economy
Between tariffs roiling the global economy and OPEC putting more barrels on the market, prices have dropped significantly since January. That’s good for consumers, and bad for oil companies.
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Why a tiny bit of oil can be a big deal
More than three-quarters of U.S. wells make just 6% of the country’s oil. They’re called marginal wells because of their small output. But they’re a big deal to oil producers and environmentalists.
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Biden makes an 11th-hour move to block coastal oil drilling
President Biden has issued an executive order blocking drilling for oil in more than 625 million acres of U.S. ocean. It’s the largest such move in history, but is almost guaranteed to be challenged under the incoming Trump administration.
