-
The ‘heavy’ attraction of Venezuela’s viscous, sticky crude for world’s largest oil producer US
12 Jan 2026 03:22 GMT
… refineries, even as it exports massive volumes of its own light sweet oil. Crude oil … -1990s peak of 2 million barrels per day (bpd), when the … oil majors. Russia, too, has been investing heavily in the Venezuelan petroleum …
-
Securing Australia’s fuel supplies in a major conflict
12 Jan 2026 03:38 GMT
… critically dependent on liquid fuels for national survival, with … 1 million barrels per day (bpd) of fuel in peacetime. … crude oil stocks are forecast to run out by 2030, leaving our refineries … Australia’s peacetime gas export or chemical import agreements …
-
Feb diesel refiner sales in discount; jet fuel deal emerges on window
12 Jan 2026 00:53 GMT
… offscreen as major northeast Asian refiners started their sales, with cash … and heating fuel slipped to around $1.2 a barrel, a three … U.S. government deals to export crude oil from Venezuela, according to sources …
-
Global Upstream Capex Set To Fall Again In 2026 Amid Low Oil Prices
12 Jan 2026 02:05 GMT
… two additional FPSOs by Petrobras in December. EIA has … 47;d. Guyana is increasingly exporting crude to Asian markets.
Meanwhile, … sources of cost-competitive non-OPEC oil supply through 2030. Rystad … 2030s at around 107 million barrels per day (bpd), maintain …
-
Geopolitical tensions lift oil prices above $63
12 Jan 2026 01:34 GMT
… following the unrest in the OPEC producer.
The Ayatollah was … over up to 50 million barrels of crude to the US.
Reports … would export oil valued at about $2bn to the US.
Brent crude fell … supplies of heavy crude to US Gulf Coast refineries and potentially curb …
-
No rollback yet: Fuel prices move up on Tuesday
12 Jan 2026 04:13 GMT
… . Diesel, a key fuel for the transport and … Corp., Seaoil Philippines Inc., Petro Gazz, and Chevron Philippines … of Petroleum Exporting Countries and its allies, known as OPEC+, indicate … as 50 million barrels of previously sanctioned crude redirected toward …
-
Trump's bid to reshape oil supply
12 Jan 2026 01:18 GMT
… petroleum industry into a US-led energy system.
Surprisingly, oil … than 17 million barrels of Venezuelan crude reportedly remain … . Disruptions have forced refiners to seek alternatives from … world's largest oil exporter. Internal fissures have deepened …
-
A Trader’s Guide to Venezuela as Trump Eyes Its Oil
12 Jan 2026 03:41 GMT
… much as 50 million barrels of oil for the US … Canadian oil producers. The country exports the majority of its crude to … Petroleos de Venezuela S.A. and Citgo Petroleum Corp., the US-based refiner … in geopolitical uncertainty could fuel bullish options bets on …
-
Iran’s Oil Output Faces a New Test After Venezuela
12 Jan 2026 02:05 GMT
… third-largest crude producer and fourth-largest exporter within OPEC.
At … $7 to $8 a barrel below global benchmarks. Much … and transporting the fuel.
Chinese independent refiners known as teapots, … .
Despite higher levels of oil exports in recent years, Iran …
-
Beyond Venezuela: How Donald Trump’s oil power play could reshape inflation, interest rates and emerging market returns
12 Jan 2026 01:02 GMT
… Venezuela will disrupt oil supplies to China.
Venezuela crude oil exports % (2023)
ANKITA … its oil in Yuan was seen as a threat to US petro … .
Eventually, refiners in India could benefit from importing heavier Venezuelan barrels, which …