-
US soon to issue general license for oil production in Venezuela: Report
04 Feb 2026 02:39 GMT
… expanded output in the OPEC nation since capturing its … to sell, store and refine Venezuelan oil in a first … needed to process Venezuelan crude grades into exportable oil.
"The president… sell 50 million barrels of Venezuelan oil, with European trading …
-
Trump Looking at Issuing Licenses for Oil Production in Venezuela
04 Feb 2026 01:48 GMT
… to import American liquefied petroleum gas.
In his Truth … Oil Corp., the country’s largest refiner, could add Venezuelan crude … General License to facilitate the “exportation, reexportation, sale, resale, supply … produces about 250,000 barrels per day in the …
-
Venezuela Oil Sector Sanctions Update: Analyzing OFAC General License 46
03 Feb 2026 23:56 GMT
… Activities Involving Venezuelan-Origin Oil, which authorizes “all … and necessary to the lifting, exportation, reexportation, sale, resale, … of Venezuela (GoV) and Petróleos de Venezuela, S.A. … of swaps of crude, diluents, and refined petroleum products, but …
-
Iraq pursues plan to revive Syria oil pipeline
04 Feb 2026 00:26 GMT
… to increase crude exports.
Plans to revive the 850-kilometre oil export pipeline gained … .”
Iraq, OPEC second largest oil producer, pumps more than four million barrels per … day (bpd) and exports …
-
Exclusive-US authorizes US diluent supply to Venezuela oil sector
03 Feb 2026 22:57 GMT
… the corporate logo of state oil company PDVSA are seen in … an oil facility in Lagunillas, Venezuela January … . diluents, a key fuel needed to produce exportable crude oil grades in the country …
-
The Energy Report: Trump Is Playing His Venezuelan Oil Card
04 Feb 2026 00:02 GMT
… has indicated that OPEC+ anticipates a rise in oil demand during the … allowed Venezuela to export over 40 million barrels of crude and fuel previously stored … the possible refinery strike. Yesterday Reuters reported that Sunday, Marathon Petroleum made …
-
Trump says India will halt Russian oil. But that's unlikely
03 Feb 2026 23:40 GMT
… petroleum and natural gas, Indian Oil Corporation Ltd, Bharat Petroleum Corp Ltd, Hindustan Petroleum … ’s energy security, fuel inflation, and current … purchases of Russian crude, Indian refiners have ample … , Saudi Arabia exported 710,000 barrels per day to …
-
Oil prices sustain rally above 2026 budget, boost Naira
04 Feb 2026 01:41 GMT
… barrel within weeks, potentially delivering a further windfall to oil-exporting … region.
Brent crude futures rose by … the removal of petrol subsidies, exchange-rate … Oil and gas revenues improve
Operational improvements at the Nigerian National Petroleum …
-
Petroleum: Presidency Vows To Hit 2.5mbpd Output by 2027, Positions Energy As Pillar Of Stability
03 Feb 2026 23:25 GMT
… crude oil production has risen to an average of 1.6 million barrels … and broader energy access.
Export volumes have also increased … operations at the Dangote Petroleum Refinery and the progress of … alongside the removal of fuel subsidies and foreign exchange …
-
Oil prices extend gains on fears of escalating tensions in Mideast
04 Feb 2026 02:25 GMT
… and Iraq export most of their crude via the Strait … was the third-biggest OPEC crude producer in 2025, according … Energy Information Administration data.
Oil prices also found support … million barrels last week, sources said, citing American Petroleum Institute …