EOG Resources Says Venezuela Oversupply is Driving Shale Prices Down

(Reuters) – EOG Resources said on Wednesday that oversupply from Venezuela is driving oil prices down and it would last for several more quarters. Brent crude futures were down about…

India Has Imported $168 Billion in Russian Oil Since Start of Ukraine War

India has imported $168 billion worth of Russian crude oil since Putin invaded Ukraine in February 2022, according to data from Finland-based Centre for Research on Energy and Clean Air…

UK Power Grid Faces Major Test on 2030 Clean Energy Promise

The UK increased electricity generation from fossil fuels in 2025 for the first time in four years, as higher natural gas generation had to offset the lowest nuclear power output…

Venezuela Set to Export $2 Billion Worth of Crude Oil to U.S.

Venezuela and the United States have reached a deal under which authorities in the South American country will agree to export $2 billion worth of crude oil to the U.S.,…

Equinor Not Planning Venezuela Return after Maduro Capture

Equinor does not consider returning to Venezuela, which it quit years ago, Anders Opedal, the chief executive of the Norwegian energy major, told Reuters on Wednesday.  Following the capture of Nicolas…

  • Gas
  • January 7, 2026
AIGA appoints Air Products director as new Board President

The President of Air Products Asia, Kurt Lefevere, has taken over the position of President of the Board at the Asia Industrial Gases Association (AIGA). Lefevere takes over from outgoing…

Oil Falls After Trump Says Venezuela Will Supply to US

Summary Trump says Venezuela to export $2 billion worth of oil to US Deal to redirect Venezuelan oil exports to US from China Both benchmarks extend declines from previous session…

US Seizing Venezuela-Linked Oil Tanker After Weeks-Long Pursuit

The vessel tanker Bella 1 at Singapore Strait, after U.S. officials say the U.S. Coast Guard pursued an oil tanker in international waters near Venezuela, in this picture taken from…

  • Gas
  • January 7, 2026
Topsoe promotes CCO to new President and CEO

Elena Scaltritti, currently Chief Commercial Officer at Danish technology firm Topsoe, has been appointed President and CEO from 1 June. She replaces Roeland Bann, who steps down after six years.…

Nigeria Misses 2025 Oil Production Target by 500,000 Bpd

Nigeria booked average daily crude oil production of around 1.5 million barrels for 2025, which was half a million barrels daily lower than the government’s target for the sector, Vanguard…