Venezuelan Oil Heads to Europe
Europe is set to receive some of its first shipments of Venezuelan oil in almost a year.
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EIA Sees USA Gasoline Price Under $3 in 2026 and 2027
The EIA projected, in its latest STEO, that the U.S. regular gasoline retail price will average under $3 per gallon both this year and next year.
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Russia Says 3 Killed, Fuel Tanks Damaged by Ukraine Attack on Port
Russia said Ukrainian drones hit a Black Sea port, setting four fuel terminals on fire and killing three people.
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Glenfarne Says Texas LNG Capacity Fully Committed
'With the completion of offtake negotiations, Glenfarne is now focusing on finalizing the financing process as we advance toward a final investment decision in early 2026'.
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Henry Hub Surges Sharply Over Past Week
'Henry Hub has seen a launch', SEB Commodities Analyst Ole R. Hvalbye said.
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Seplat Starts Up ANOH Gas Project in Nigeria
The Niger Delta project by Seplat and NGIC, designed to produce up to 300 million standard cubic feet a day of natural gas, has begun supplying the Indorama Petrochemical Plant.
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SOCAR Ventures into Africa through Baleine Deal with Eni
The State Oil Company of the Azerbaijan Republic signed an agreement to acquire a 10 percent stake in the producing Baleine field offshore Cote d'Ivoire from Italy's Eni.
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Strategists Project WoW USA Crude Inventory Rise
Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up by 2.0 million barrels for the week ending January 16.
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Santos Expects to Exceed 100 MMboe in 2026
Santos expects to produce 101-111 million barrels of oil equivalent this year, compared to 87.7 MMboe in 2025.
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Russia Says 2 Killed, Tanks Damaged by Ukraine Attack on Port
Russia said Ukrainian drones hit a Black Sea port, setting four fuel terminals on fire and killing two people.