OPEC Data Indicate Small Q2 Surplus Ahead of Key OPEC+ Decision on Resuming Oil Output Hikes
By OPEC sees 400,000 bpd drop in demand for OPEC+ oil in Q2 vs Q1 OPEC+ is pausing production hikes in first-quarter 2026 OPEC+ eight members meet on March 1,…
US Energy Secretary Set to arrive in Venezuela with Herculean Task of Oil Recovery
Summary U.S. Energy Secretary Chris Wright to meet Venezuelan officials, Chevron, Repsol executives Visit follows Maduro’s capture, $2 billion oil deal U.S. aims to reshape global energy markets and pressure…
US Issues License Authorizing Oil and Gas Exploration and Production in Venezuela, Treasury Says
The U.S. Treasury Department on Tuesday issued a general license authorizing the provision of U.S. goods, technology, software or services for the exploration, development or production of oil and gas…
US Natgas Output to Hit Record High in 2026, While Demand Holds Steady, EIA Says
(Reuters) – U.S. natural gas output will rise to a record high in 2026, while demand will hold steady, the U.S. Energy Information Administration said in its Short-Term Energy Outlook…
U.S. Will Have to Do ‘Something Very Tough’ If No Deal Reached With Iran, Says Trump
(Reuters) – The United States will have to do “something very tough” if a deal is not reached with Iran, President Donald Trump told Israel’s Channel 12 in an interview…
US Power Use to Beat Record Highs in 2026 and 2027, EIA Says
(Reuters) – U.S. power consumption, which hit its second straight record high in 2025, will rise further in 2026 and 2027, the Energy Information Administration said in its Short-Term Energy…
BP’s Buyback Cut is Short-Term Pain That Could Be Shell’s Gain: Bousso
(Reuters) – BP’s decision to scrap buybacks may be painful in the short run, but by prioritising production growth over shareholder payouts it can begin to repair its shaky financial…
Chevron Buys West Texas Ranch in ‘Zombie’ Oil Well Settlement
By and Chevron Corp. acquired a ranch in West Texas whose owner had been waging a legal battle accusing the US energy giant of negligently spilling toxic water and crude…
Saudi, US Firms to Partner on Northeast Syria Energy Project
By [image] Saudi, US firms to explore oil and gas in northeast Syria Project follows Assad’s ousting, lifting of US sanctions Consortium includes Baker Hughes, Hunt Energy, ACWA Power, TAQA,…
Oil Gains as Traders Weigh Supply Risks Linked to US–Iran Tensions
(Reuters) – Oil prices edged up on Tuesday as traders gauged the potential for supply disruptions after U.S. guidance for vessels transiting the Strait of Hormuz kept attention squarely on tensions…
