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US crude stockpiles drop, defying analyst expectations
30 Jan 2026 14:54 GMT
U.S. crude oil inventories declined last week, … imports and a rise in exports, underscoring how global demand … 000 barrels per day. U.S. crude production edged lower, and refinery utilization … to a tighter crude market even as downstream fuel supplies remain …
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Nigeria’s oil and gas industry expands as crude and condensate production reaches 554.4 million bbls and gas output grows by 7.5 billion ft3/d in 2025
30 Jan 2026 16:35 GMT
… Crude Oil and Condensate Production 2025" by the Nigerian Upstream Petroleum … 2000s, oil sales account for approximately 90% of total exports and … of Nigeria's OPEC-allocated quota of 1.5 … Maintaining production close to OPEC quotas is vital to ensure …
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Venezuela loosens oil laws as Trump tries to get US companies to invest
30 Jan 2026 18:01 GMT
… of oil, bringing an end to state-owned Petróleos de … Venezuela’s oil exports and remake its struggling oil industry through … oil in Venezuela is expensive to produce and refine, costing $80 a barrel … around $65 a barrel while brent crude is around $70, …
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Venezuelan Lawmakers Approve Major Reform to Open Oil Sector to Foreign Investment
30 Jan 2026 16:24 GMT
… -owned Petróleos de Venezuela (PDVSA).
Until now, Venezuela's oil sector … (estimated at over 300 billion barrels). In recent weeks, Trump has … covers the export, sale, storage, and transportation of crude oil and petroleum products, marking …
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Trump threatens tariffs on countries sending oil to Cuba
30 Jan 2026 14:40 GMT
… Cuba’s only remaining foreign fuel suppliers after it saw … major implications for Mexico’s export-driven economy.
European diplomats … to starve it of fuel supplies. Oil shipments have been curtailed … of 20,000 barrels a day of crude oil, according to data …
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U.S. Hands Over Seized Oil Tanker to Venezuela
30 Jan 2026 15:52 GMT
… "control Venezuela's oil resources indefinitely."
The US … a blockade on sanctioned Venezuelan petroleum exports for multiple weeks, having confiscated … Atlantic following allegations of violating oil sanctions against Venezuela.
Moscow denounced …
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Geopolitical Environment Supports Oil as Weather Sends Gas Soaring
30 Jan 2026 16:30 GMT
… b/d of Iranian oil exports at risk – but clearly, … has strengthened this month. Kazakh oil exports from the CPC terminal in … fuels but also pose a risk to some US oil production and refinery … speculators would have only added fuel to the fire. The impact …
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Thailand's economy grows in December on exports, domestic demand
30 Jan 2026 15:16 GMT
… basis due to rises in exports and domestic demand, the … bank said on Friday.
Exports, a key driver of … rose thanks to higher petroleum output as refineries resumed operations after … with trade expanding alongside exports and tourism steadily recovering. ■
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Mexico Continues Oil Shipments to Cuba Despite US Pressure—President
30 Jan 2026 15:49 GMT
(MENAFN) Mexico will continue supplying crude oil to Cuba, rejecting speculation that … earlier sparked widespread speculation that oil exports to Cuba might be suspended … state-owned oil company supplied roughly 20,000 barrels of crude per day …
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China’s Exposure to Iran Oil Disruption Seen as Limited
30 Jan 2026 16:51 GMT
While the risk of disruption to Iranian crude exports looms amid the latest heightened US-Iran tensions, the effect on Chinese refiners would likely be minimal unless an escalation led to a prolonged major loss of exports.