Israel Reports Killing ‘Militants’ in Lebanon Despite Ceasefire as Troops Continues Demolitions

Venezuela's Oil Revival Faces A Critical Services Bottleneck Authored by Rystad Energy via OilPrice.com, Venezuela could increase crude production by about 194,000 bpd by late 2028, with most growth coming from existing producing fields rather than new discoveries. International oil companies led by Chevron are expected to deliver nearly two-thirds of the forecast production increase through brownfield investments. The biggest obstacles are operational, including drilling rigs, diluent supplies, infrastructure upgrades, and a competitive fiscal regime capable of attracting long-term investment. Venezuela's upstream industry has entered a new phase. Following sweeping hydrocarbon reforms and broader...

Bahrain Intensifies Crackdown On Shia Communities, Arrests Dozens Over Alleged IRGC Links Via The Cradle Bahrain’s Interior Ministry announced on Saturday the arrest of 41 citizens, including multiple Shia religious leaders, over alleged ties to Iran's Islamic Revolutionary Guard Corps (IRGC). The ministry said security services uncovered the alleged network through "investigations, security reports, and previous Public Prosecution cases related to espionage involving foreign entities." The detainees are accused of "espionage involving foreign entities and sympathy with blatant Iranian aggression." AFP via Getty Images Around 30 Shia Muslim clerics were among the 41 arrested, as the Gulf monarchy...

WTI Holds Losses As SPR Drain Slows, Cushing Just Off 'Tank Bottoms' Oil extended its biggest quarterly drop since the pandemic this morning as traders monitored US-Iran peace talks and a market for real-world barrels that’s been in freefall. WTI is holding below $70 as US negotiators Jared Kushner and Steve Witkoff had positive discussions in Qatar and technical talks with Iran are moving ahead, a senior administration official said, while President Trump said the meeting was good. Crude has fallen in recent days as the warring parties continued discussions to reach a...