- — Kazakhstan urges US and Europe to help secure oil transport after tanker attacks in Black Sea
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at 1/15/26 3:00pmKazakhstan urged the U.S. and Europe to help secure the transport of oil following drone attacks on tankers heading to a Black Sea terminal on the Russian coast which handles one percent of global supply. Unidentified drones struck at least two oil tankers in the Black Sea on Tuesday, including one chartered by U.S. oil ...- — Middle East Crude-Benchmarks rise; Qatar cuts March term price for al-Shaheen oil
- at 1/15/26 3:00pmMiddle East crude benchmarks strengthened on Thursday, with that of Oman hitting an over two-month high. Increased buying also pushed up Dubai, while the market remained in a contango. State-owned QatarEnergy has set the term price for al-Shaheen crude oil loading in March at minus 33 cents a barrel to Dubai quotes, down from a ...
- — Trump backs Venezuela staying in OPEC
- at 1/15/26 3:00pmPresident Donald Trump said on Wednesday that he believes it would be better for Venezuela to remain in the Organization of the Petroleum Exporting Countries, or OPEC, but added he was unsure if that would be a better situation for the United States. “Well, I think it’s better for them if they do it,” Trump ...
- — Venezuelan oil priced at a premium to competing Canadian barrels for US Gulf Coast refiners, traders say
- at 1/15/26 3:00pmVenezuelan crude oil was being offered this week to U.S. Gulf Coast refiners at a premium to competing Canadian barrels, two traders said. Venezuelan Merey-16 oil was offered for U.S. Gulf Coast delivery at a discount of around $6 to Brent crude futures BRN1! earlier this week, a trader said, while West Canadian Select at ...
- — Chevron expected to receive expanded Venezuela license from US this week, sources say
- at 1/15/26 11:00amChevron is expected to receive an expanded Venezuela license from the U.S. government this week that could allow for increased production and exports from the South American country, three oil industry sources told Reuters. The U.S. oil producer is anticipated to be one of several firms to get approvals from President Donald Trump’s administration to ...
- — US completes first Venezuelan oil sales valued at $500 million, US official says
- at 1/15/26 11:00amThe U.S. has completed the first sales of Venezuelan oil that are part of a $2 billion deal reached earlier this month between Caracas and Washington, a U.S. official told Reuters on Wednesday. Additional sales are expected in the coming days and weeks, the official added. Revenue from the initial oil sales valued around ...
- — Russian oil output edges down 0.7% in 2025, OPEC data shows
- at 1/15/26 4:00amRussian oil production dipped around 0.7% last year to 9.129 million barrels per day, OPEC monthly data showed on Wednesday. Russia has managed to keep broadly steady its oil output, which together with natural gas accounts for around a quarter of federal budget tax proceeds, despite drone attacks by Ukraine on energy infrastructure and lower ...
- — Canadian oil tycoon proposes aiding US in Venezuela’s oil revival
- at 1/15/26 4:00amA Canadian tycoon who heads one of North Americas fastest-growing oil companies is advocating for his country to lend its heavy-oil expertise to the United States as it seeks to rebuild Venezuelas oil industry. The comments by Adam Waterous, one of Canadas most aggressive oil industry dealmakers and the executive chair of Strathcona Resources YE2, ...
- — US natgas output to hit record high in 2026, while demand declines, EIA says
- at 1/15/26 4:00amU.S. natural gas output will rise to a record high in 2026, while demand will decline, the U.S. Energy Information Administration said in its Short-Term Energy Outlook. EIA projected dry gas production will rise from a record 107.4 billion cubic feet per day in 2025 to 108.8 bcfd in 2026 and 109.7 bcfd in 2027. ...
- — OPEC forecasts ongoing oil demand growth for 2027
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at 1/14/26 3:00pmCrude Oil Price Movements In December, the OPEC Reference Basket (ORB) value dropped by $2.72/b, month-on-month (m-o-m), to average $61.74/b. The ICE Brent front-month contract dropped by $2.03/b, m-o-m, to average $61.63/b in December, and the NYMEX WTI front-month contract dropped by $1.61/b, m-o-m, to average $57.87/b. The GME Oman front-month contract dropped by $2.57/b, ... - — Dated Brent crude differential surges to 15-month high on supply crunch
- at 1/14/26 3:00pmThe Dated Brent physical differential rose to a 15-month high on Jan. 13 on a surge of buying interest amid a tight environment across the Atlantic Basin, with all basket grade crude differentials touching multi-month highs. Platts, part of SP Global Energy, assessed the Dated Brent physical differential at a $1.54/b premium to the North ...
- — US oil drilling to slow as prices slump, Venezuela growth could amplify pressure, EIA says
- at 1/14/26 3:00pmLower oil prices are expected to cut U.S. drilling activity and reduce output 1% this year from the top producing country, while potentially higher output from Venezuela could add pressure, the Energy Information Administration said on Tuesday. The comments from the Department of Energys statistical arm add to worries expressed by some U.S. oil producers ...
- — India’s upstream exposure in Venezuela in spotlight amid differing US, industry signals
- at 1/14/26 3:00pmIndian upstream investors in Venezuela are optimistic that partial sanctions relief could facilitate dividend recovery and enable the restructuring of their joint ventures, while a comprehensive political reset may unlock expansion opportunities in a sector that remains a strategic priority for New Delhi, according to analysts and industry sources Jan. 13. We are hoping that ...
- — Middle East Crude-Benchmarks steady; Brent crude’s premium to Dubai widens further
- at 1/14/26 3:00pmMiddle East crude benchmarks Oman, Dubai and Murban held steady on Wednesday, while Brent crude oils premium to Dubai widened further. Brents Exchange of Futures for Swaps (EFS) to Dubai for March, which has risen from parity in early December, settled at a premium of $2.06 a barrel as of 0830 GMT on Wednesday, its ...
- — Westwood Insight – Geothermal opportunity for onshore drilling rigs
- at 1/14/26 3:00pmGeothermal energy is rapidly evolving from a niche technology into a strategic component of global decarbonisation efforts. Its ability to deliver firm, low-carbon heat, cooling and baseload electricity makes it an essential complement to intermittent renewable energy sources. For onshore drilling rig owners and the wider oilfield equipment space, this shift offers a significant opportunity ...
- — PDVSA aligned with Machado’s proposals for Venezuela’s oil industry: advisor
- at 1/14/26 3:00pmVenezuelas state oil company is aligned with the proposals of longtime opposition leader Maria Corina Machado, Juan Fernández, an advisor to Machados oil team, said Jan. 13. PDVSA is very much aligned with our proposal, which obviously looks to the medium and long term, said Fernández, a Miami-based analyst. Machados proposal for the Venezuelan oil ...
- — BP flags up to $5 billion in low-carbon energy impairments
- at 1/14/26 11:00amOil major BP BP. expects to book $4 billion to $5 billion in fourth-quarter impairments, mainly tied to its low-carbon energy businesses, as it redirects spending to oil and gas to boost returns under new leadership including Chair Albert Manifold. The British company said in a trading statement on Wednesday ahead of results on February ...
- — Oil climbs on concerns over potential supply disruption in Iran amid threats
- at 1/14/26 4:00amOil prices rose on Wednesday for a fifth straight session on fears of Iranian supply disruptions due to deadly civil unrest and as the U.S. and Iran traded threats. Brent futures were up 42 cents, or 0.6%, at $65.89 a barrel at 1033 GMT. U.S. West Texas Intermediate crude was up 36 cents, or 0.6%, ...
- — US crude stock sees unexpected rise, indicating weaker demand
- at 1/14/26 4:00amThe American Petroleum Institute (API) has reported a significant increase in the inventory levels of US crude oil, gasoline, and distillate stocks, pointing to a potential slump in demand. The actual number reported was a rise of 5.270 million barrels, a stark contrast to the forecasted decrease of 2.000 million barrels. This unexpected surge not ...
- — Oil to average $65 in 2026 as supply growth ahead of demand
- at 1/14/26 4:00amOil prices are likely to fall further in 2026 before stabilising, as supply growth to again outpace demand, though the downturn may be shallower than markets expect. Analysts at Bernstein see Brent crude to average $65 a barrel in 2026, down from about $69 in 2025 but still above the $61 consensus. It sees 2026 ...
- — Trading houses beat US majors to first deals for Venezuelan oil
- at 1/14/26 4:00amGlobal oil trading houses have emerged as early winners in the race to control Venezuelan crude flows, getting ahead of U.S. energy majors wary of credit and legal risks and securing a potentially lucrative business opportunity in the country with the worlds largest crude reserves. U.S. President Donald Trump said U.S. majors would invest billions ...
As of 1/15/26 11:17pm. Last new 1/15/26 4:21pm.
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