COGNICURRENT

The average price of diesel in Germany has now exceeded two euros per liter, prompting calls for consumer relief and penalties for oil companies.

The Tokyo District Prosecutor's Special Investigation Department and the Fair Trade Commission conducted searches on oil companies for suspected collusion in diesel pricing.

Rising oil prices are set to impact fuel costs in the Czech Republic significantly, with initial effects felt by transport companies before broader economic implications unfold.

Gas station operators in Italy criticize the unjustified increase in fuel prices imposed by major oil companies.

The recent escalation of conflict in the Middle East has highlighted Venezuela's emerging role as a crucial supply source for Western governments and oil companies amid rising energy prices.

Companies across the Middle East have halted their oil and gas operations amid the escalating confrontation between the U.S. and Israel against Iran.

The Athens Stock Exchange is deeply affected by the recent escalation of the conflict in the Middle East, leading to significant declines in bank stocks and a rise in oil companies like Motor Oil and ELPE.

Shares of major Russian oil companies have soared following the escalation of conflict in the Middle East, particularly related to Iran.

Shipping companies and oil firms are avoiding the Strait of Hormuz amidst rising tensions, causing crude oil prices to increase by 10%.

The closure of the Strait of Hormuz has led to a significant reduction in shipping traffic, with oil tankers turning back as major shipping companies suspend passages through this critical energy passage.

Multiple tanker owners, oil companies, and brokers have halted the movement of oil, refined fuels, and liquefied natural gas ships through the Strait of Hormuz following US and Israeli actions against Iran and Iran's retaliatory measures in the Middle East.

Several large oil companies have stopped the transport of crude oil and gas through the Strait of Hormuz following the outbreak of conflict between the USA and Israel against Iran.

Some major oil and trading companies have suspended shipments of crude oil and fuel through the Strait of Hormuz amid ongoing US and Israeli attacks on Iran and responses from Tehran.

Iran is attempting to entice U.S. President Donald Trump with financial incentives to invest in its vast oil and gas reserves as part of efforts to negotiate a nuclear agreement.

Norway's Oil Fund divested from 58 companies in 2025 due to increased geopolitical tensions, climate change implications, and other market uncertainties.

Norway's Oil Fund divested from 58 companies in 2025, as stated in a report on responsible management.

The U.S. Treasury has announced it will permit companies to apply for licenses to resell Venezuelan oil to Cuba, potentially alleviating the island's severe fuel crisis.

The US Treasury Department has authorized companies to seek licenses to resell Venezuelan oil to Cuba to alleviate the island's severe fuel shortage.

The U.S. Treasury Department has announced that oil and gas sales to Cuba are now authorized, provided that the fuel is directed to private citizens and companies.

The U.S. government has imposed new economic sanctions aimed at Iranian individuals, companies, and oil tankers to reduce Tehran's revenue ahead of upcoming nuclear talks in Geneva.

Ukrainian bureaucrat Vladyslav Vlasiuk is leading efforts to block the Russian war machine by advocating for stronger sanctions against Russian oil companies and addressing the flow of Western-made electronic components into Russian weapons.

The UK has launched its largest sanctions package against Russia since the 2022 invasion, focusing on oil operator Transneft and various companies involved in trading Russian crude.

The U.S. Supreme Court will hear an appeal from ExxonMobil and Suncor Energy seeking to dismiss climate liability lawsuits from Boulder, Colorado.

The US Supreme Court has agreed to hear a case regarding climate accountability brought by the city of Boulder against major oil companies, which could influence future climate litigation in the US.

Iran is considering sending half of its enriched uranium stockpile abroad and has offered US companies involvement in its oil and gas projects during ongoing nuclear talks.

Slovak Prime Minister Robert Fico warned that he would request Slovak companies to halt emergency electricity supplies to Ukraine if oil deliveries do not resume by Monday.

A newspaper investigation revealed a network of 48 seemingly independent companies operating under different physical addresses, believed to be collaborating to obscure the origin of Russian oil from Kremlin-controlled Rosneft.

A Financial Times investigation reveals a network of nearly 50 shell companies exporting over $90 billion worth of sanctioned Russian oil while concealing their origins.

Cuban private companies have begun importing fuel directly amid US restrictions, though the process is complicated by local bureaucracy and continued sanctions.

Cuban private companies are now importing fuel directly amidst US oil sanctions, but the government has prohibited resale to address energy shortages.

The Argentine government has extended the RIGI program for another year, encouraging significant investment from major oil companies to the Vaca Muerta region.

The US government has expanded a petroleum license in Venezuela to include the French firm Maurel & Prom, joining five other multinational companies already allowed to operate.

The bankruptcy of 'First Oil Group', a company formerly associated with SIBUR's Jakov Goldovskij, highlights the financial turmoil faced by Russian oil firms following sanctions and falling prices.

Venezuela's vast oil reserves are overshadowed by the untapped potential of its natural gas fields, particularly off its eastern coast, which foreign companies are now keen to develop.

For the first time in 17 years, Libya has awarded oil blocks to foreign companies, but the results have been disappointing in terms of participation.

Vaca Muerta is experiencing a shift in its corporate landscape as large multinational oil companies exit, paving the way for local firms and state-owned companies to take their place.

The United States has granted permission to five oil companies, including Eni, to resume operations in Venezuela under U.S. supervision.

The Trump administration granted licenses allowing five Western oil companies to operate in Venezuela, marking a step in a strategy to revitalize the country's economy.

Donald Trump has stated that he will visit Venezuela, though he has not given a specific date for the trip, coinciding with the U.S. allowing major oil companies to resume operations there.

The United States has relaxed energy sector sanctions on Venezuela, enabling global oil companies to resume operations and invest in the country's oil and gas industry.

Bjørn Magnussen disagrees with his teammate Ragne Wiklund over accepting sponsorship from oil companies, believing that financial support is vital for athletes.

The U.S. Treasury Department has issued five licenses for oil extraction in Venezuela, following the fall of Nicolas Maduro.

The United States has granted licenses to five oil companies to resume operations in Venezuela amidst a significant political maneuvering led by Trump.

The United States has granted general licenses to five oil multinational companies to resume operations in Venezuela under strict conditions.

Eni, the Italian oil company, has received a license from the U.S. to explore oil in Venezuela, joining four other major companies in revitalizing the nation's oil sector.

The US government has granted licenses to five major oil companies to engage in operations in Venezuela amidst political changes in the country.

The U.S. government has issued permits allowing five major oil companies to resume operations in Venezuela following the ousting of the country's president last month.

The U.S. has lifted sanctions on Venezuelan oil, allowing companies like Repsol and BP to operate in the country.

The US has granted licenses to five major oil companies to operate in Venezuela amid efforts to increase oil production following the overthrow of President Nicolás Maduro.

Donald Trump has officially lifted sanctions on Venezuela's oil, allowing companies like Repsol, Chevron, BP, Eni, and Shell to resume operations in the country.