DAVOS, Switzerland, Jan 22 (Reuters) – Global oil glut predictions are seriously exaggerated as demand growth remains strong and global oil stocks are depleted, Amin Nasser, chief executive of Aramco , the world’s biggest oil producer, said on Thursday. Oil prices have traded above $60 per barrel for most of 2025 with analysts predicting a decline …
DAVOS: Aramco CEO Says Oil Glut Predictions are Exaggerated Read More »
Summary Trump steps back from tariff threats over Greenland IEA revises up forecasts for 2026 global oil demand growth US crude stocks up by 3.04 million barrels last week, API says (Reuters) – Oil prices slipped on Thursday, reversing the previous sessions’ gains, after U.S. President Donald Trump softened threats against Greenland and Iran, and as investors assessed the supply …
Oil Slips as Trump Tones Down Threats Against Greenland and Iran Read More »
By Ruth Liao Venture Global Inc. won a dispute with Spain’s Repsol SA involving the sale of liquefied natural gas cargoes from its export plant in Louisiana. An arbitration tribunal found Venture Global acted as a “reasonable and prudent operator,” the company said in a filing Wednesday. The tribunal also awarded fees to Venture Global. …
Venture Global Wins LNG Arbitration Case Against Repsol Read More »
By Nicole Jao NEW YORK, Jan 21 (Reuters) – U.S. refineries are preparing for extreme cold weather as an unexpected Arctic blast rolls in, threatening to disrupt operations. A cold front will bring frigid temperatures to the eastern two-thirds of the country, the National Weather Service said on Wednesday, expecting sub-zero lows to spread from …
US Refineries Brace for Disruptions as Arctic Blast Hits Read More »
By Marianna Parraga Seven tankers departed Venezuela since January 12 under deal Crude is being stored in Caribbean terminals Many offers to final customers not leading to sales yet Jan 21 (Reuters) – Venezuelan oil exports under a flagship $2 billion supply deal with the U.S. reached about 7.8 million barrels on Wednesday, vessel-tracking data …
(Reuters) – U.S. natural gas futures soared to a six-week high on Wednesday, marking a record 57% rise over the past two trading sessions, on expectations that extreme cold weather will boost heating demand to near-record levels while also cutting output by freezing oil and gas wells. After soaring about 26% on Tuesday, front-month gas …
(Reuters) – The volume of Venezuelan oil exported under a flagship $2 billion supply deal with the U.S. reached about 7.8 million barrels on Wednesday, vessel-tracking data and PDVSA documents showed, highlighting slow progress that has prevented the state oil company from fully reversing recent output cuts. Caracas and Washington earlier this month agreed a …
Venezuelan Oil Exports Under Supply Deal With US Progressing Slowly -Documents, Data Read More »
(Reuters) – Saudi Arabia’s crude oil exports in Nov rose to 7.378 million barrels per day from 7.098 million bpd in Oct, official data showed on Wednesday. Monthly export figures are provided by Riyadh and other members of the Organization of the Petroleum Exporting Countries (OPEC) to the Joint Organizations Data Initiative (JODI), which published …
Saudi Arabia Crude Exports Rise to 7.378 mln bpd in Nov Read More »
(Reuters) – U.S. Energy Secretary Chris Wright told oil company executives on Wednesday that Venezuela’s output can rise 30% from its current level of 900,000 barrels per day in the short- to medium-term, three executives who attended the meeting said. Raising crude output from Venezuela, which sits on the world’s largest oil reserves, is a …
Wright Tells Oil Executives That Venezuela’s Output Can Rise 30% Read More »
By Ron Bousso (Reuters) – Spiralling trade tensions between the U.S. and Europe over President Donald Trump’s bid to buy Greenland have once again left the bloc highly vulnerable in a geopolitical tussle because of its heavy dependence on a single supplier for its critical energy needs. Less than four years ago, Europe’s economy was …
Europe’s Energy Weak Spot Reemerges in Greenland Dispute: Bousso Read More »
