Trending News: UN Warns Global Warming Will Top 1.5C Within YearsPakistan Rejects Costly LNG Cargo as Blackout Risk DeepensDiesel Cracks Hit Record Highs as Global Fuel Squeeze DeepensQatar and UAE Turn to Rare LNG Ship Transfers as Hormuz Crisis Drags OnKazakhstan to Double Oil Refining Capacity by 2040India Boosts Far East Russian Oil Imports as War Upends Trade RoutesRyanair Warns Some Airlines Could Struggle with Jet Fuel Price SpikeAI Could Unlock $230B for Oil, Gas, OFSE Cos, McKinsey SaysGalactic Energy joins reusable rocket raceGalactic Energy joins reusable rocket raceMeritus enters Arizona market with Allied Gases and Welding Supplies acquisitionUS LNG exports up 23% in first half of 2026, reports EIASwitzerland launches cross-border BECCS CO2 supply chainColumn: How energy-efficient motors can cut biogas plant costsQatar and UAE LNG cargoes transferred ship-to-ship outside HormuzIndia Daily: Andaman & Nicobar Tenders 20 MWh BESS, NLC–OREDA Form Green JV, UPCL Tenders BESS, BERC Reviews 70 MW LTA, REC Transfers Luhri SPV, BERC Reviews OA ChargesYellow Door Energy, Nedbank CIB Reach Financial Close on 49 MWp Lion Thorn Solar Park in South AfricaNorthern Endurance Partnership receives pipelay vesselBessent Says Strait of Hormuz Obsolete Within Two YearsU.S. Shale Producers Lose Bid to Kill Oil Price-Fixing CaseU.S. Crude Inventories Drop amid Continued SPR DrawsU.S. Energy Secretary Says Venezuela Could More Than Double Oil ProductionHormuz Shipping Slumps as U.S.-Iran Strikes Rattle Oil MarketsBuckeye expands Colorado footprint with Wagner Welding Supply buyPower Sector Investments to Drive 100–200 bps Revenue Growth for Large EPC Companies: CRISIL RatingsNippon Sanso expands UK dry ice businessGoodWe Included in BloombergNEF Tier 1 Power Inverter List for Sixth Consecutive QuarterAdani Green Energy Crosses 20 GW Operational Renewable Capacity With 139 MW Khavda Solar ProjectDecommissioning of Chernobyl units progressingRosatom considers Murmansk site focused on floating power plant constructionBlykalla seeks state aid for second SMR plantHelical selected for Japanese fusion demonstration projectRussia Doubles Dark Fleet to Ship LNG to AsiaU.S. Energy Storage Capacity Installations Hit Record High in Q2Asia Spot LNG Prices Hit 5-Month High as Hormuz Blockage Drags OnU.S. Oil Deal Pushes China and Russia Out of Venezuelan FieldsEurope’s Wind Power Buildout Jumps 30% in First HalfPrice, Not Politics, Is Driving Most of India’s Oil BuyingUkrainian Drone Barrage Sets Key Russian Oil Port AblazeSolar Overtakes Coal as China’s Largest Power SourceTwo Supertankers Hit by Unknown Projectiles in Strait of HormuzWhat Is the Oil, Gas Impact of Storm Edouard?Datacentrex takes minority stake in Eagle LNG to support US space launch buildoutCheniere nears completion of CCL Stage 3 and reaches export milestoneJFE Steel selected for DeepStar CO2 pipeline projectIndia Daily: PM Surya Ghar Subsidy, POWERGRID Acquires Fatehgarh II, BPCL Tenders 1 MW Solar, VPA Advances 10 MW Solar, CEA Backs Flexible ThermalIndian Green Energy Stocks Show Mixed Trend As Adani Green Leads Gains (01 September 2026)Hijau Raises $10 Million to Scale Distributed Solar Projects Across IndonesiaPhilippines DA, DOE Plan 3 Million-Hectare Farmland Shield Against Solar ExpansionMinistry Of Energy Targets 5,200 Schools For Solar Power Installations In Saudi ArabiaCoal Got an Order. Nuclear Got a MeetingCondenser Chemistry Management: From Grab Samples to Predictive Digital TwinsSLB Makes $3.4 Billion Bet on AI Data Center BoomBP Adds 80 MMcf/d to Egypt’s Gas Supply Two Years Ahead of ScheduleChevron, ONGC and GE Vernova Near Final Venezuela Energy DealsOil Prices Climb as Trump Threatens New Strikes on IranBlue Star Helium extends Pinon Canyon offtake deal to 2027Ireland connects second biomethane plant and eyes export potentialgasworld US – September 2026 – Equipment, digitization and distributors issuegasworld Global – September 2026 – LNG & LogisticsH2 View – September 2026: ElectrolysersABO maps development for 600MW Finnish green hydrogen plantIndia and Uzbekistan eye uranium deal as ties growChevron nears deal to operate two giant oil fields in Venezuela’s Orinoco BeltFuel loading under way for Palisades restart, Holtec announcesIAEA concern over diesel supply for Zaporizhzhia generatorsTennessee issues licence for fusion plantProposal for Canadian marine-based SMR plantAsia Steps In to Fill Diesel Supply Gap in Africa as Middle East Exports CrashIran Dismisses Trump Claim of Kharg Attack as Hostilities ReturnChina Coking Coal Prices Set for Record 46% Monthly SurgeEurope Gas Prices Jump 5% to Highest Level Since 2023Trump Says Venezuelan Oil Will Refill U.S. Strategic Petroleum ReserveGoldman Sachs Sees Diesel Refining Margins Soaring to $63 a BarrelAsian Refiners Turn to Argentina as Iran War Disrupts Oil SupplyLithium Miners Cash In as Battery Storage Demand SurgesIran Says Supertanker Hit by Mines in Strait of HormuzChina’s LNG Imports Set to Drop 18% in August as Prices SoarTrump Announces ‘Biggest Oil Deal in World History’Philippine National Bank Backs PHP 6.22 Billion Solar And Battery Storage Project In IloiloSEPCOIII Begins Full Commercial Operation Of Saudi Red Sea Utility ProjectIndia Daily: MPERC Drafts MYT Rules, APSERC Reviews 2.75 MW Solar, HERC Clears Green Banking, TGERC Closes Dues Case, UPERC Completes ₹32.74 Cr Refund & More…Iraq Plans 10 GW Solar Expansion To Tackle Power ShortagesGreen Energy Stocks Under Pressure As Indian Markets End Lower On August 31KPI Green Energy Advances 2.57 GWp IPP Portfolio, 1.16 GWp EnergizedTata Power Renewable Energy Commissions 100 MW Group Captive Solar Project In Tamil NaduAustralia Accelerates Next-Generation Solar R&D with $105.6 Million Technology PushGlobal Specialty Gas Supply Chain Outlook – H1 2026UPERC Approves 300 MW Solar PPA At INR 2.57/kWh For 25 Years In Uttar PradeshAHAsolar Technologies Secures Consultancy Work Order for 600 MW Solar Project with 1,800 MWh Energy Storage in RajasthanGas Prices in Asia and Europe Jump as Qatar Extends LNG Force MajeureThe Iran War Has Turned VLCCs Into $650,000-a-Day AssetsVenezuela Helped Build OPEC. Now It May Help Break It ApartTrump says Venezuelan oil will be used to refill U.S. Strategic Petroleum ReserveMiddle East Weekly: Oman Plans Musandam RE Study, Kuwait Fund Backs 11 MW Solar, L&T Wins 6 GWh BESS Order, ACWA–KOWEPO Partner on RE, NHC–EDF Partner on Clean Energy, ACWA Signs 6 GWh BESS, Masdar Starts 35 MW BESS, Saudi Signs 2 GW BESS DealsACME Solar Commissions 15 MW/240.752 MWh BESS Project In RajasthanSMBC Reaches Financial Close on JSW Energy’s 210 MW Hybrid Renewable Energy Project in MaharashtraSECI Invites Cybersecurity Auditors To Strengthen Renewable Energy Sector SecurityThe Lifeline of Solar: Why the Right Cable Matters Ukraine Drones Spark Fire at Russian Refinery as Fuel Crisis Worsens

Chris Wright Says Venezuela Could Boost Output by “Several Hundred Thousand Bpd by Year‑End”

Business & Policy
February 18, 2026

U.S. energy secretary Chris Wright said on Tuesday that Venezuela could add “several hundred thousand barrels per day” to oil production by year-end.“I think you’ll see several 100,000 barrels a day of additional production by the end of this year,” Wright said speaking at a conference in Paris.

(Reporting by Kate Abnet, Forrest Crellin, Writing by Charlotte Van Campenhout, Editing by Benoit Van Overstraeten)

Get the Latest US Focused Energy News Delivered to You! It’s FREE: