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Why unlocking Venezuelan oil won’t mean much for US energy prices
13 Jan 2026 19:16 GMT
… of the national oil company, Petróleos de Venezuela. The … gasoline and diesel. Already, refineries owned by Chevron, Valero … to 50 million barrels of Venezuelan crude oil is currently piled … Organization of the Petroleum Exporting Countries, or OPEC – a group …
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Exclusive-Venezuela begins reversing oil output cuts as exports resume, sources say
13 Jan 2026 18:46 GMT
… on Tuesday.
The OPEC member’s oil exports fell close to … only U.S. oil major Chevron exporting crude from its joint ventures … embargo left millions of barrels stuck in onshore tanks … where many oil companies including traders, producers and refiners lease …
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How U.S. Control of Venezuelan Oil Could Redefine the World Order
13 Jan 2026 15:49 GMT
… petroleum resource base remains formidable. As a founding OPEC … , meaningful reductions in fuel prices could ease some … control over Venezuelan oil production and export channels could disrupt … reliable access to refinery-compatible crude from a Western …
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Iraq ranks third among US oil suppliers in December at 7M+ barrels
13 Jan 2026 19:01 GMT
…
Iraq, OPEC’s second-largest oil producer, exported 7.533
million barrels of crude oil to … the month, Iraqi crude shipments averaged 306,000 barrels
per day (bpd … November, when exports totaled more than 7.9
million barrels.
Iraq, EIA …
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Crude Oil Prices Rally as Iranian Tensions Escalate
13 Jan 2026 18:47 GMT
… it rebuilds its crude inventories.
Crude garnered support after OPEC+ on January 3 … Russian refineries over the past four months, limiting Russia’s crude oil export capabilities … exceeded expectations and OPEC also ramped up crude output. OPEC said it now …
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Why the US attacked Venezuela: Oil, sanctions and Maduro
13 Jan 2026 16:02 GMT
… motive: Venezuela’s massive crude oil reserves
Early in the morning … largest proven crude oil reserves, with an estimated 303 billion barrels lying … on Venezuela in 2017, oil exports to the US plummeted, … US’s appetite for fossil fuels, Trump has shown that …
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WTI oil discount to Brent largest in eight months as more Venezuelan crude expected in US
13 Jan 2026 18:55 GMT
… .S. crude diet would push more domestic WTI barrels into export markets,” … replaces U.S. oil that would otherwise be refined locally, a … Sea crude oil, was priced at a $1.30 a barrel premium … sustained for long.
Brent crude oil’s premium to Middle East …
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Current account deficit widens amid weak export growth
13 Jan 2026 18:47 GMT
… official said higher imports of crude petroleum, refined petroleum products, fertiliser and capital … import surge. Crude petroleum imports rose by 37%, petroleum oil imports by 14% … healthy economy. A decline in exports, however, is detrimental. Therefore, …
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Russian Government Reports On Russian Oil Price Falling Below $40 Per Barrel
13 Jan 2026 18:58 GMT
… crude oil in December 2025 has fallen to $39.18 per barrel … 87), the main export mark of Russian oil producers became cheaper … prices around $40 per barrel, oil production at a number of … the OPEC+ quota, Russia saw a noticeable reduction in oil production …
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Oil prices surge on possible Iranian supply disruption
13 Jan 2026 15:38 GMT
… in the Organization of the Petroleum Exporting Countries, is facing its … Shah, adding that excess refinery throughput in Europe was … BRENT’S PREMIUM
Brent crude oil’s premium to Middle … million barrels of oil subject to Western sanctions.
Global oil trading …