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…

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…

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…

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…

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…

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…

UK Awards Record Offshore Wind Capacity in Latest Auction

The UK on Wednesday awarded a record-breaking 8.4 gigawatts (GW) capacity of offshore wind in its latest auction round, which puts Britain “firmly on track to achieve its clean power…

Shell and Exxon Cancel North Sea Gas Asset Sale to Viaro Energy

ExxonMobil and Shell have decided not to proceed with a planned sale of their joint assets in the southern UK North Sea to Viaro Energy.  Despite months of work to…

China’s Imports of Venezuelan Oil Set to Crumble

China is expected to see a plunge in imports of oil from Venezuela in February as the now month-long U.S. blockade has prevented many China-bound cargoes from leaving Venezuelan waters.  …

Citi Sees $70 Brent in Near Term as Geopolitical Risks Mount

Brent Crude prices have the potential to hit $70 per barrel over the next three months amid heightened geopolitical risks, according to analysts at Citi.  The investment bank raised its…