Trump to Impose Tariffs on Goods From Nations Giving Oil to Cuba, White House Says

U.S. President Donald Trump on Thursday signed an executive order declaring a national emergency and establishing a process to impose tariffs on goods from countries that sell or otherwise provide…

LyondellBasell Targets $1.3 Billion in Cost Savings After Surprise Quarterly Loss

(Reuters) – Petrochemicals maker LyondellBasell  on Friday posted a surprise loss for the fourth quarter and said it aims to save $1.3 billion by the end of 2026, as it…

Exxon Beats Wall Street Q4 Target as Permian, Guyana Fields Take Output to 40-Year High

Summary Exxon Mobil reports Q4 adjusted EPS $1.71 vs estimate of $1.68 Exxon achieves highest annual upstream production in 40+ years Exxon plans $20 billion share buyback through 2026 HOUSTON,…

Freeport LNG in Texas to Take in More Gas After Thursday Shutdown, LSEG Data Shows

Summary Freeport LNG shutdown impacts global gas prices US gas futures rise, European prices fall on Freeport news Freeport’s Train 3 shut due to compressor issue No comment from Freeport…

Chevron Beats Q4 Profit Estimate, Eyes Venezuela Investment Opportunities

Summary Chevron evaluates investment opportunities in Venezuela amid geopolitical changes Q4 profits exceed estimates despite lower crude prices, focus on cost-cutting Tengiz maintenance and weather impact Q1 production, expected to…

China’s LNG Imports Rise for a Third Straight Month

The recovery in China’s imports of liquefied natural gas is expected to extend for another month in January, Kpler has reported, for a total of three consecutive months of higher…

Venezuela Rewrites Its Oil Law to Attract Foreign Investment

Venezuelan legislators have voted for an updated oil industry law that the country’s leadership hopes will bring in much-needed foreign investment to reverse a decline resulting from mismanagement and U.S.…

Britain’s Octopus Energy Takes a Big Bet on China’s Clean Power Markets

The UK’s largest energy supplier, Octopus Energy, is entering the Chinese market with a joint venture to trade renewable power in the world’s top clean energy market. Octopus Energy announced…

Chevron Beats Profit Estimates as It Commits to Venezuela

Chevron Corporation (NYSE: CVX) reported on Friday consensus-beating earnings for the fourth quarter as it pledged to boost presence in Venezuela, where it is currently the only U.S. company authorized…