Max Layton, Citi global head of commodities, joins 'The Exchange' to discuss recent oil prices, the impact to gasoline prices and much more.

Geopolitical risk premiums are rising, with protests in Iran, tanker attacks in the Black Sea, and sanction risks now overshadowing oversupply narratives and supporting higher prices.

The discount on U.S. crude futures to the global benchmark Brent has grown by around $1 per ​barrel since the U.S. ousted Venezuelan President Nicolas Maduro on January 3 and took control of the South American country's ‌oil flows,

As tensions have cooled in Venezuela, oil traders have begun pricing in a risk premium on another potential geopolitical shock for the global energy market: Iran.

WTI crude oil (CL1:COM) is ending 2025 near $57.9 a barrel on Wednesday, stuck in a sideways grind after another failed attempt to

President Donald Trump announces Venezuela will move 30-50 million barrels of oil worth $2.8 billion to U.S. after former President Nicolás Maduro's capture by American forces.

The launch of Indonesia's B50 biodiesel mandate will depend on the price gap between crude oil and crude palm oil, a senior official said on Tuesday.

The US has completed its first sale of Venezuelan oil since the US attached Venezuela and captured its president, Nicolás Maduro, earlier this month, according to an administration official.

A month-long US blockade of Venezuelan waters is expected to cause a significant drop in China's imports of Venezuelan crude and fuel oil in February, despite new efforts by Trafigura and Vitol to facilitate sales to Asian refiners.