US Says it Has Returned to Venezuela All $500 Million of Initial Oil Sale
US Refiners Struggle to Absorb Sudden Surge in Venezuelan Oil Imports
Commonwealth LNG Strikes 20-Year Supply Deal With Mercuria as US Pushes LNG Export Growth
US Soon to Issue General License for Oil Production in Venezuela, Sources Say
Marathon Petroleum Beats Earnings Expectations as Refining Margins Surge
Oil Tanker Rates Soar Amid Shipping Shortages and Middle East Tensions
Libya Signals a New Gas Push as Europe Searches for Supply
Ørsted to Sell European Onshore Business for $1.7 Billion
Kuwait Seeks Foreign Majors’ Help to Develop Offshore Fields
Qatar Moves to Reclaim Japan’s LNG Market With Major Jera Deal
US Share of Europe’s LNG Imports Increased to 60% in January
(Reuters) – The United States supplied 60% of the European Union’s liquefied natural gas this month, data showed on Friday, confirming its role as Europe’s dominant LNG supplier as some…
Chevron in Talks With Iraq, Libya to Evaluate Exploration Opportunities
Chevron CEO Mike Wirth said on Friday the U.S. oil major was in discussions with the governments of Iraq and Libya to look at existing producing oilfields and evaluate exploration…
Chevron Can Process Another 100,000 bpd of Venezuelan Crude at its US Refineries, CEO Says
(Reuters) – Chevron CEO Mike Wirth said on Friday the U.S. oil major can process an additional 100,000 barrels per day of Venezuelan crude at its refineries. “We’ve been bringing…
North Dakota Oil Output Fully Restored, Nationwide Outages Dropping
(Reuters) – All of North Dakota’s crude production was back online on Friday, state regulators said, after recovering from an arctic blast from a winter storm that has disrupted production…
US Drillers Add Oil and Gas Rigs for Second Week in a Row, Baker Hughes Says
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since December, energy services firm Baker…
Exxon Beats Expectations as Record Production Offsets Lower Oil Prices
Despite lower oil prices, ExxonMobil (NYSE: XOM) booked higher-than-expected earnings for the fourth quarter as quarterly production in the Permian basin and offshore Guyana set new records. Exxon reported on…
COMMENTARY: Oil Needs an Iran Supply Shock, Not Tough Talk, to Break Out of Range – Bousso
By LONDON, Jan 30 (Reuters) – Oil prices remain stuck in a narrow band even after soaring 15% in January, partly on fears of a fresh U.S. strike on Iran.…
COMMENTARY: Old-Economy Demands May Stall Emerging Market Decarbonization – Maguire
By Gavin Maguire LITTLETON, Colorado, Jan 30 (Reuters) – While North America and Europe scramble to build the data centers needed to run 21st-century businesses, many emerging markets remain anchored…
Half of Americans at High Risk of Power Shortfalls Amid AI Boom
By and As many as 151 million Americans are at high risk of power shortfalls — or outright blackouts — over the next five years because of extreme weather, natural…
European Natural Gas Prices Surge as Winter Cold and Geopolitics Collide
Europe’s benchmark natural gas prices were headed on Friday for their largest monthly gain since 2023 as cold snaps in January boosted heating and power demand and fast-draining storage sites…
