Italian Energy Giant Eni Caps Fuel Prices As Refining Crunch Drives Costs Higher

Japan Holds Off On New Oil Reserve Release Despite September Import Drop Authored by Irina Slav via OilPrice.com, Japan expects its oil imports next month to be lower than this month's but has no plans to release additional crude from storage, the country's economy minister said. Oil imports next month are seen at 80% of the average monthly for 2025, Ryosei Akazawa said, as quoted by Reuters. The report noted that the August import rate had been 100% of the 2025 monthly total. The change is prompted by the redirection of tanker traffic...

Zelensky Calls For Easter Truce Amid Nightly Russian Drone Assaults Ukrainian President Volodymyr Zelensky is urging for an Easter holiday ceasefire with Russia, at a moment each side has sent daily and nightly drones and missiles across the border. "We’re ready for a ceasefire during the Easter holidays," Zelensky told reporters, describing that "normal people who respect life" would seek a permanent ceasefire. "But we’re ready for any compromises, except those involving our dignity and sovereignty," he added. The vast majority of both the Russian & Ukrainian populations are Orthodox Christians. Both countries have predominantly...

The Trump administration is increasing sanctions on Cuba, in the form of new economic penalties for Cuban industries as well as expanding enforcement of laws that bar Americans who visit the island from dealings with government-owned or -affiliated businesses. The penalties, which were announced Thursday by the Treasury and State Departments, are aimed at 10 […]