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Sweden, Finland call for EU maritime services ban on Russian oil, LNG exports
14 Jan 2026 08:57 GMT
… to Russian fossil energy exporters in the next sanctions … the world’s largest oil and LNG exporters. Currently, the EU … in Russian seaborne crude and oil product exports if the barrels are sold … of Russia’s total seaborne exports, according to data from …
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Oil prices pause rally amid Venezuela supply resumption
14 Jan 2026 06:57 GMT
… gains, as Venezuela resumed exports and US crude and product inventories rose … crude fell 23 cents, or 0.4%, to $60.92 a barrel … Organization of the Petroleum Exporting Countries (OPEC), began to reverse oil production cuts imposed …
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Does the ‘fossil fuel’ label require a rethink?
14 Jan 2026 09:36 GMT
… relates to the word ‘fuel.’
Crude oil in and of itself … as a fuel. Rather it is refined into thousands … to OPEC’s World Oil Outlook 2025, the petrochemical industry will … the term ‘fossil fuels’?
Source: Organization of the Petroleum Exporting Countries
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Venezuela turmoil unlikely to materially impact India’s crude oil imports
14 Jan 2026 10:31 GMT
… crude oil imports.
Analysts and refiners pointed out that even if Venezuela’s crude oil … heavy sour crude differentials and high-sulfur fuel oil (HSFO … above $60 per barrel.
The US Energy … into domestic production. Crude oil exports, including blended diluent, …
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The US fracking industry, vulnerable to Venezuelan crude entering the global market
14 Jan 2026 10:17 GMT
… of 4.2 million barrels of crude per day.
While the … when Venezuelan oil flowed freely to them, these refineries now enjoy … roughly 1.8 million barrels of crude each — the first … barrel supply agreement between Caracas and Washington aimed at reviving exports …
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Operational improvements needed to lower Venezuela oil breakeven: Wood Mackenzie
14 Jan 2026 08:33 GMT
… s oil exports are destined for China. Mainly used by refineries … Venezuelan crude production would drop from 820,000 barrels per … 2011 to 2021, with petroleum and other liquids accounting … blending heavy crude with light diluent for export, rehabilitating the …
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Indonesia scraps plan to introduce B50 biodiesel this year, will raise palm oil export levy
14 Jan 2026 09:00 GMT
… of diesel production from Balikpapan refinery, so B40 is sufficient.… prices of conventional diesel fuel and palm oil-based fuel.
LEVY HIKE
Indonesia … between fuels made from crude oil and palm oil, using proceeds from palm oil export levies …
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World’s most vital oil chokepoint back in focus amid possible U.S. action against Iran
14 Jan 2026 08:34 GMT
… .
About 13 million barrels per day of crude oil transited the Strait of … .
As Iran’s production and exports are far larger than Venezuela … ” given the volume of crude and refined product supply and transit exposure …
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Global oil market dynamics after U.S. intervention in Venezuela
14 Jan 2026 08:07 GMT
… Organization of the Petroleum Exporting Countries (OPEC), and geopolitics.
… the state national oil company, Petroleos de Venezuela, S … purchasing heavily discounted barrels that many other … Coast refiners, configured to process heavy, high-carbon crude, …
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What’s at stake for the oil market if Iran crisis escalates
14 Jan 2026 07:12 GMT
… now ranks fourth within OPEC, behind Saudi Arabia, … of its crude exports, which are sold to independent refiners at … shipments of oil, liquefied natural gas and liquefied petroleum gas from … supertanker carrying 2 million barrels of crude from the Middle …