Tuesday, September 15, 2026
Putin, Russia

Brent Shoots to $53.73 after Putin Offers Support for OPEC Production Cap

Vladimir Putin calls for non-OPEC support of the group’s production cap Oil prices surged Monday as Russian President Vladimir Putin offered support for OPEC’s proposed production cap policy. Russia, the world’s largest energy exporter, is ready to join the group in limiting production with either a freeze or a cut, Putin said at the World Energy Congress in Istanbul. “Russia

Chad Hits ExxonMobil-led Consortium with $75 Billion Fine on $819 Million in Unpaid Royalties

Court decision would see Exxon pay Chad nearly seven-times the country’s GDP in penalties A court decision handed down in the African country of Chad ordered international oil major ExxonMobil (ticker: XOM) to pay 44 trillion CFA francs ($75 billion) in connection to unpaid royalties. The company said it disagreed with the court decision, which would see the company pay