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Oil Up as Trump Approves New US Sanctions on Russia
08 Jan 2026 15:25 GMT
… concerns of oversupply amid record production in the U.S., Guyana … to boost Venezuela's output. Trump, who has said he … personally overseeing Venezuela's oil administration after the capture of … million bpd now, according to OPEC, far from its heyday of …
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US Actions in Venezuela Have Limited Impact on North American Oil Producers
08 Jan 2026 13:18 GMT
… could ultimately support oil production growth in the … , potentially expanding future production capacity. This could … OPEC+ market share recapture. Our 2026 neutral sector outlook for global oil … for incremental capex cuts if oil prices weaken further. …
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The Commodities Feed: US seeking to control Venezuelan oil unnerves market
08 Jan 2026 13:18 GMT
… , putting further pressure on oil prices. President Trump said … oil to the US may reduce the need for Venezuela to cut output … control future sales of Venezuelan oil indefinitely. This intent to … of Venezuela’s membership within OPEC.
Inventory data from the …
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Trump plans to use Venezuela’s huge crude reserves ‘to cut US oil price to $50 a barrel’
08 Jan 2026 11:11 GMT
… 50 in an effort to cut energy costs for consumers, … to establish a western hemisphere oil production stronghold.
Dense, sticky … the 40m bpd output of countries in the Opec+ alliance.
However … its infrastructure and growing its production. But the companies – …
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$50 Oil? Trump’s bold move to take over Venezuela’s PDVSA might just do it
08 Jan 2026 09:49 GMT
… takeover and global oil supply
To achieve $50 oil, the administration … triple the country’s daily production. This massive influx of … challenge the pricing power of OPEC+ and provide a significant … flip a switch to increase output. Furthermore, a permanent price …
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US Seeking to Control Venezuelan Oil Unnerves Market
08 Jan 2026 08:56 GMT
… , putting further pressure on oil prices. President Trump said … oil to the US may reduce the need for Venezuela to cut output … control future sales of Venezuelan oil indefinitely. This intent to … of Venezuela’s membership within OPEC.
Inventory data from the …
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‘Each drop in oil price translates to fiscal deficit for Nigeria’
08 Jan 2026 06:42 GMT
… concern about declining crude oil prices, which have fallen … emphasised that Nigeria’s OPEC quota limitations and ongoing vandalism … and potential interest rate cuts as factors that could … spending, particularly as reduced oil revenues squeeze the budget. …
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OPEC+ Compensation Cuts Triple as Key Producers Move to Rein in Oversupply
08 Jan 2026 01:57 GMT
… oversupplied oil markets. The UAE, Iraq, Kazakhstan and Oman will implement output cuts … share of the cuts after pledging to cut 669,000 bpd … 000 bpd while Oman’s cut will clock in at … supply balances as strong non-OPEC production growth continues to weigh on …
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We Don't Even Need All the Oil We're About to Start Extorting From Venezuela
08 Jan 2026 01:47 GMT
… the Venezuelan oil industry. And naturally, Trump wants an initial cut off … supply, thanks to increased production from non-OPEC nations such as Canada … to Venezuela, oil companies are likely to intentionally decrease production in 2026 …
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30-50m Barrels Of Venezuelan Oil Will Be Sold To Benefit US — Trump
07 Jan 2026 22:40 GMT
… Barrels of High Quality, Sanctioned Oil, to the United States of … that Caracas would have to cut output owing to its limited storage … remains well stocked after OPEC+ agreed to boost output.
Venezuela sits on …