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Canada put all its oil eggs in one basket and lost its leverage
26 Jan 2026 22:15 GMT
… of Canada’s crude oil exports, more than four million barrels per day, go … substitute for some Canadian oil in U.S. refineries. That possibility by … firms involved in transporting Iranian oil and petroleum products, according to the …
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Trading houses to begin exporting Venezuelan LPG, sources and document say
26 Jan 2026 21:06 GMT
… export Venezuelan liquefied petroleum gas (LPG) as part of a 50-million-barrel oil … getting ready to export residual fuel oil and LPG. While fuel oil is a product … processing of its extra heavy crude at refineries, it had not had …
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Houston firms eye Venezuela’s vast oil reserves amid political uncertainty
26 Jan 2026 22:41 GMT
… that can blend and export crude and ship chemical products … to refurbish an existing crude oil marine terminal in Venezuela, … plumb Venezuela’s huge crude oil reserves - estimated as … meetings with foreign oil executives about production, exports, power supply …
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US Deep Freeze Wreaks Havoc on Texas Oil Producers and Refiners
26 Jan 2026 20:18 GMT
… Houston’s refineries to crude imports and global export markets for … of 14 million barrels of oil daily.
Oil futures traded lower … gasoline futures leading the petroleum complex down as much … and travel demand. Meanwhile, fuels used in heating and …
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NNPC announces discovery of new oil well in Niger Delta
26 Jan 2026 19:07 GMT
… fuels.
Despite this commitment, development in Nigeria’s oil … barrels of crude oil per day. However, crude oil … barrels per day, following production cuts recommended by the Organisation of Petroleum Exporting … Countries (OPEC).
Major …
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Petrobras should look to Venezuela again, experts say
26 Jan 2026 19:04 GMT
… Perez, head of fuel and refining strategy for … Petroleum Exporting Countries (OPEC) and once produced more than 3 million barrels … oil is expected to arrive in greater volume at refineries … partnership with TotalEnergies. Petrobras did not immediately respond …
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Crude Eases Despite Winter Storm Risks
26 Jan 2026 21:33 GMT
… settle below $61 a barrel, after climbing 2.9% … Kazakh oil flows that had tightened the European crude market … .'s Baytown mega refinery, curtailed operations ahead of … and other major exporters outpacing demand growth."
OPEC+ delegates, meanwhile, …
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Crude Oil Falls Back as Kazakhstan's Oil Disruptions Ease
26 Jan 2026 21:03 GMT
… ended January 23.
Crude garnered support after OPEC+ on January … to the emerging global oil surplus. OPEC+ is trying to … to restore. OPEC's December crude production rose by … refineries over the past five months, limiting Russia's crude oil export …
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Opec-Plus: Output Drops in December But Soars Annually
26 Jan 2026 22:00 GMT
Crude oil production by Opec-plus in December declined after … rise by another 1 million barrels per day given the roll … takeover of Venezuela's export flows, among other factors, could …
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Iranian Fuel Deliveries Power Myanmar Junta’s Aerial Assault on Civilians
26 Jan 2026 21:35 GMT
… jet fuel commanding higher market rates compared to crude oil, Iran … Iran, loading fuel close to a refinery managed by NIORDC … in managing Iran’s oil exports, financially benefitting the IRGC … 2024 for transporting Iranian petrochemical products and have …