Category : Search result: oil decline


US Forces Seize Second Venezuelan Oil Tanker

US Coast Guard, backed by the Department of War, has intercepted a second vessel near Venezuela. The pre-dawn operation follows a similar seizure earlier in December. Read the full report.

Console sales plummet to 30-year low in UK and US

November sales data reveals a shocking decline for PS5, Xbox, and Switch 2, sparking fears that traditional video game consoles are becoming obsolete. Are rising prices and PC gaming to blame?

Meg O'Neill Appointed as BP's New Chief Executive

BP names Meg O'Neill as its new CEO, succeeding Murray Auchincloss. The 'hard-nosed' industry veteran faces the challenge of balancing energy transition with shareholder returns. Read the full story.

China Taxes Condoms Amid Declining Birth Rate

China will impose a 13% VAT on condoms and contraceptive drugs from January 1, ending a 30-year exemption. Experts warn of risks to public health as social media users ridicule the move.

US Pacific strike death toll hits 99, UN condemns

The US military has conducted another lethal strike in the Pacific, bringing the total death toll to 99. The UN and rights groups condemn the actions as unlawful executions. Read the full report.

China Taxes Condoms in Bid to Reverse Falling Birth Rate

China ends a 30-year tax exemption on contraceptives, imposing a 13% VAT from 1 January. This 'carrot-and-stick' approach aims to boost the birth rate, but experts doubt its effectiveness. Explore the policy shift and public reaction.

US Imposes Total Oil Blockade on Venezuela

President Trump announces a complete naval blockade on Venezuela's oil tankers, escalating tensions in the Caribbean. Get the latest on this major geopolitical development.

Trump's Venezuela Post Reveals Three Key Aims

Donald Trump's social media post on Venezuela explicitly links a massive US naval presence to demands for oil and regime change, moving beyond anti-drug rhetoric. Read the full analysis.

Norway's Equinor hit with £53m penalty for oil spills

Norway's state oil giant Equinor faces a massive £53m fine for extensive pollution and gas leaks at its Mongstad refinery, following years of alleged inadequate maintenance. Read the full investigation details.

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