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…
COMMENTARY: Big Oil Won’t Keep Beating the Crude Market
By John D. Rockefeller, the godfather of the modern oil industry, called his tactic of purposely crashing oil prices and sending the stocks of his rivals into a tailspin “a…
Venezuela Oil Output to Jump 50% Over Next Decade, Enverus Says
By Venezuela’s return to growth in the global oil market following the US capture of long-time leader Nicolas Maduro is forecast to boost crude output by roughly 50% over the…
US Court to Weigh New York Project Challenge to Trump Offshore Wind Halt
(Reuters) – A U.S. judge on Wednesday will consider whether to allow Norwegian offshore wind developer Equinor to resume construction of the Empire Wind project off the coast of New…
