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Venezuela cuts crude output as US oil blockade fills storage, halts exports
05 Jan 2026 04:28 GMT
… Chevron and China National Petroleum Corporation’s CNPC subsidiary … over-accumulation of extra heavy crude and a diluents shortage,” … its 48-million-barrel onshore capacity and diverting fuel oil to open- … , nearly 3% of global demand, in an effort to …
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Trump move to cap oil, Venezuela output in focus
05 Jan 2026 05:30 GMT
… oil demand would stop growing within four years due to electric vehicles, fuel … .6–3.0 million barrels per day, crude has a chance to … estimate of 90.5).
Watch OPEC review production levels
Kasem Prunratanamala …
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Nigeria faces revenue risk as Trump signals Venezuela crude revival
05 Jan 2026 05:35 GMT
… a $64.85 per barrel crude oil benchmark, faces mounting pressure … oil markets are being driven less by supply–demand … BusinessDay.
On Sunday, OPEC+ kept oil output unchanged after avoiding … oil revenue despite years of diversification rhetoric. The petroleum …
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Live: Choppy trade for oil prices as analysts say Venezuela risks 'ambiguous'
05 Jan 2026 04:02 GMT
… AEDT, Brent crude oil gained 0.3% to $US60.90 a barrel, while … Venezuela, an oil-producing nation and a member of OPEC.
OPEC+ said on … $60.75 per barrel, down 0.16%.
On Sunday, OPEC+ held a … t faded, because neither has demand for artificial intelligence, as the …
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Cheapest fuel in four years: Here’s how much you’re likely to pay for petrol and diesel from January 7
05 Jan 2026 04:18 GMT
… Department of Mineral and Petroleum Resources early this week, … Crude oil has also receded, from around $62 per barrel at … momentum — particularly soft demand in major markets like … crude prices higher initially. This makes it difficult to predict how fuel …
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Sustainable Aviation Fuel Market Competition Analysis 2025: How Players Are Shaping Growth
05 Jan 2026 05:40 GMT
… As global SAF demand accelerates and governments strengthen … Express, Cosmo Oil Marketing Co, Ltd, Indian Oil Corporation Ltd. … Group Co, Ltd, China Petroleum & Chemical Corporation ( … enhancing fuel efficiency, and decreasing dependence on fossil fuels, …
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ONGC, Reliance in focus as Jefferies says Venezuela crude may boost Indian refiners’ margins
05 Jan 2026 03:57 GMT
… for complex, diesel-heavy refineries. This could translate into … ), especially if such discounted barrels become available at scale.
… on crude prices if demand conditions soften or if OPEC+ supply … while flagging that global oil price dynamics will need …
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2026 growth will be led by non-oil sector, ACCI DG projects
05 Jan 2026 04:58 GMT
… , naira stability and improved oil output, the year ahead … non-oil exports and crude production averaging 1.71 million barrels per … amid festive remittances and reduced demand. This stability should lower … -term gains in non-oil revenue could expand fiscal …
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Who's In Charge Of Venezuela? Trump's Big Claim, Rubio's Step Back And The Oil Debate
05 Jan 2026 07:31 GMT
… estimated 303 billion barrels of proven crude, the largest reserve … at roughly one million barrels per day, less than … American refineries were originally built to process Venezuelan oil, making … demand for “total access" underscores how central oil is …
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Venezuela crisis won’t spike oil prices yet: Why crude markets are staying calm despite US action: Vandana Hari
05 Jan 2026 07:11 GMT
… sanctions and restrictions on Venezuelan oil exports remain firmly in place … to one million barrels per day would not change OPEC+ dynamics,” she … broader supply-demand fundamentals rather than isolated geopolitical events. With crude prices …