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Trump Says Venezuela’s Maduro Captured After Strikes – Oil Facilities Intact

CDN and International News, Conventional Energy, Latest, Oil, Pinned Primary / By

Summary Trump says US successfully hit Venezuela, took away Maduro Most direct US. action in region since 1989 Panama invasion Explosions rock capital Caracas and other locations Maduro government defiant, accuses US of oil grab Venezuelan leader may face drug trial in U.S. (Reuters) – The U.S. attacked Venezuela and deposed its long-serving autocratic President Nicolas Maduro on …

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Occidental Completes Sale of OxyChem

Conventional Energy, Latest, Oil, Press Releases / By

HOUSTON, Jan. 02, 2026 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) announced today it has completed the sale of its chemical business, OxyChem, to Berkshire Hathaway (NYSE: BRK.A, BRK.B) for $9.7 billion in cash, subject to customary purchase price adjustments. “This transaction accelerates our strategy to strengthen Occidental’s balance sheet and focus on our deep and diverse …

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OPEC+ to Maintain Oil Output Policy Amid Saudi-UAE Tensions Over Yemen, Sources Say

CDN and International News, Conventional Energy, Latest, Oil / By

Summary OPEC+ likely to maintain oil output freeze in Q1 2026, sources say No sign yet that Saudi-UAE tensions over Yemen will affect OPEC+ talks Oil prices fell over 18% in 2025 amid oversupply concerns (Reuters) – OPEC+ will likely maintain steady oil output at its meeting on Sunday, three OPEC+ delegates said on Friday, …

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Five Energy Market Trends to Track in 2026, the Year of the Glut

Latest, LNG, Natural Gas, Oil, US News / By

By Ron Bousso (Reuters) – Energy markets enter 2026 in a downbeat mood as geopolitical uncertainty clouds the outlook and increasing signs of swelling oil and gas supplies threaten to sink prices. This past year was a wild one for the oil and gas industry, punctuated by the 12-day Israel-Iran war in June, U.S. President Donald …

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Canadian Oil Firms End 2025 Strong Despite Crude Slump

CDN and International News, Conventional Energy, Latest, Oil / By

  ** Canadian oil producers set to end 2025 on a positive note, with integrated operations, strong refining margins and stable cash flows from long-life reserves cushioning the impact of falling crude prices** Brent crude futures down over 17% YTD, their steepest annual drop since 2020 and third straight yearly decline ** As of last …

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US Targets Crude Oil Tankers, Firms in New Venezuela-Related Sanctions, Treasury Website Shows

Conventional Energy, Latest, Oil, US News / By

Summary Sanctions mark latest action in Trump’s pressure campaign US targets four companies it says operated in Venezuela’s oil sector Sanctions also target four vessels (Reuters) – The United States on Wednesday imposed sanctions on four companies it said were operating in Venezuela’s oil sector as well as associated oil tankers, as President Donald Trump’s …

US Targets Crude Oil Tankers, Firms in New Venezuela-Related Sanctions, Treasury Website Shows Read More »

Oil Tankers Still Arriving in Venezuela Despite US Blockade, Data Shows

CDN and International News, Conventional Energy, Latest, Oil / By

At least two oil tankers have made their way to Venezuela in recent days and others are navigating towards the country, a sign of state-run PDVSA’s effort to expand floating storage and keep selling crude even as a U.S. blockade has reduced exports to a minimum. U.S. President Donald Trump this month announced a blockade …

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Commodities Buffeted by Trump Whirlwind Seek Relief in 2026: Russell

Conventional Energy, Latest, Natural Gas, Oil, US News / By

Commodities were pelted in 2025 by the whirlwind of tariffs and policies imposed by U.S. President Donald Trump, and while the storm may recede in 2026, the ripples will last some time.Trump’s efforts to remake global trade and his shifting geopolitical moves have boosted volatility in commodity markets, with prices being driven by daily headlines …

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Chevron Ships Unload Venezuelan Oil in US Ports Amid Blockade

Conventional Energy, Latest, Oil, US News / By

Takeaways by Bloomberg AI At least two vessels chartered by Chevron Corp. have successfully unloaded cargoes at US ports after picking up oil from Venezuela. Chevron has finished discharging a cargo from the vessel Searuby and is unloading ship Canopus Voyager, with another three Chevron ships sailing toward the US. The global energy market is …

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