Trump Backs Venezuela Staying in OPEC
President 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…
Venezuelan Oil Priced at a Premium to Competing Canadian Barrels for US Gulf Coast Refiners, Traders Say
Venezuelan 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.…
UP, NOW DOWN – Oil Plunges After Trump Comments Ease Iran Fears
Summary Trump says killings in Iran are stopping Brent, WTI fall over 3% EIA reports sharp rise in US crude and gasoline inventories (Reuters) – Oil prices tumbled more than…
US Completes First Venezuelan Oil Sales Valued at $500 Million, US Official Says
(Reuters) – The 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.…
Saudi Aramco and Commonwealth LNG Sign Long-Term Supply Deal
(Reuters) – Saudi Aramco and Commonwealth LNG have signed a long-term contract for the U.S. LNG developer to supply the world’s largest oil exporter with 1 million metric tonnes per…
Chevron Expected to Receive Expanded Venezuela License From US This Week, Sources Say
(Reuters) – Chevron 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,…
Venezuelan Oil Exports to China Set to Drop as US Blockade Limits Cargoes
(Reuters) – China’s oil imports from Venezuela are expected to slump starting from February as fewer tankers have managed to leave for Caracas’ top crude buyer after the U.S. claimed…
EIA Sees Henry Hub Natgas Prices Dipping in 2026 Before Climbing in 2027
(Reuters) – The Energy Information Administration (EIA) projects that the U.S. benchmark natural gas spot price at Henry Hub will decline by about 2% to just under $3.50 per million…
US Natural Gas Futures Drop 7% on Lower LNG Export Flows
(Reuters) – U.S. natural gas futures fell about 7% on Wednesday on a drop in preliminary gas flows to liquefied natural gas export plants in Texas. That price drop came…
US Crude Stocks and Gasoline Inventories Rise, Distillate Stocks Fall, EIA Says
(Reuters) – U.S. crude stocks and gasoline inventories rose while distillate stockpiles fell last week, the Energy Information Administration said on Wednesday. Crude stocks rose by 3.4 million barrels to…
