#oilprice.com. × Washington Probes Who’s Cashing In on Venezuela’s Oil Reset | OilPrice.com. This week, U.S. Representative Robert Garcia, the top Democrat on a House investigative committee, sent letters to Vitol and Trafigura demanding records of any communications they’ve had with the Trump
#Jan.29.2026 ×
#oilprice.com. × Reliance Industries Slashes Russian Crude Imports Under U.S. Sanctions Pressure | OilPrice.com. Reliance Industries will sharply reduce its imports of Russian crude to comply with U.S. sanctions and ease trade tensions with Washington, marking a major shift in India’s oil procurement strategy.
#Jan.29.2026 ×
#oilprice.com. × Citgo Buys Venezuelan Oil for the First Time Since 2019 Sanctions | OilPrice.com. Citgo Petroleum has purchased its first cargo of Venezuelan crude since 2019 after the United States assumed control over Venezuela’s oil sales.
#Jan.29.2026 ×
#oilprice.com. × Lukoil Agrees to Sell International Assets to Carlyle | OilPrice.com. Lukoil has agreed to sell most of its international assets to Carlyle as U.S. sanctions force the Russian oil major to unwind its overseas operations.
#Jan.29.2026 ×
#oilprice.com. × Freezing Weather Forces the World’s Top LNG Exporter to Import Gas | OilPrice.com. Severe winter storms slashed U.S. oil and gas output, forcing the world’s largest LNG exporter to import cargoes as prices spiked to record highs.
#Jan.29.2026 ×
#oilprice.com. × Oil Inches Higher as U.S. Federal Reserve Keeps Rates Unchanged | OilPrice.com. In its first monetary policy decision of 2026, the Federal Reserve elected to hold the federal funds rate steady at 3.50%–3.75%, pausing further cuts after three reductions late last year
#Jan.28.2026 ×
#oilprice.com. × Shell and BP Seek U.S. Licenses for Shared Venezuela-Trinidad Gas Fields | OilPrice.com. Shell and BP are seeking new U.S. licenses to develop major cross-border gas fields shared by Trinidad and Tobago and Venezuela, as shifting U.S. policy reopens the door to foreign investment in Venezu
#Jan.28.2026 ×
#oilprice.com. × Kazakhstan Seeks U.S. Approval to Buy Lukoil’s Kazakh Assets | OilPrice.com. Kazakhstan has formally asked the U.S. Treasury for permission to buy out Lukoil’s sanctioned stakes in major oil fields and export infrastructure, citing legal pre-emption rights.
#Jan.28.2026 ×
#oilprice.com. × U.S. Considers Sanctions Relief to Revive Venezuela’s Oil Output | OilPrice.com. The U.S. is considering easing oil sanctions on Venezuela to allow American and international companies to invest billions and revive a long-declining crude industry after the fall of Nicolás Maduro.
#Jan.28.2026 ×
#oilprice.com. × US Petroleum Inventories Fall As Cold Snap Hits | OilPrice.com. The American Petroleum Institute (API) estimated that crude oil inventories in the United States decreased by 247,000 barrels in the week ending January 23
#Jan.27.2026 ×
#oilprice.com. × Crude Rallies on Weather Disruptions and Fresh Geopolitical Nerves | OilPrice.com. Oil prices jumped on Tuesday as the market priced in fundamentals once again, showing that when U.S. infrastructure gets punched in the face by weather, it’s more than geopolitics and vague supply fore
#Jan.27.2026 ×
#oilprice.com. × India Is Offered Tiny Volume of Venezuelan Oil as Most Goes to U.S. | OilPrice.com. Offers of Venezuelan crude to India are limited, and in small volumes, as most of the oil under U.S. control is heading to the United States
#Jan.27.2026 ×
#oilprice.com. × Venezuelan Crude Is Losing Its Appeal in China | OilPrice.com. PetroChina is avoiding Venezuelan crude despite U.S.-authorized sales, citing Washington’s control over the trade and reduced price discounts that undercut its economic appeal.
#Jan.27.2026 ×
#oilprice.com. × Big Freeze Disrupts U.S. Oil and Gas Production | OilPrice.com. Winter storm Fern has slashed U.S. oil and gas production as operators curtailed output amid the big freeze.
#Jan.27.2026 ×
#oilprice.com. × Canada Looks to Boost Energy Exports to India in Strategy Reset | OilPrice.com. Canada is seeking to boost exports of oil, gas, and uranium to India as part of a strategic effort to reduce its heavy reliance on the U.S. energy market.
#Jan.27.2026 ×
#oilprice.com. × U.S. Natural Gas Prices Retreat After Rallying 117% | OilPrice.com. U.S. natural gas prices dipped on profit-taking after an explosive rally driven by cold-weather disruptions, even as supply strains in both the U.S. and Europe continue to support elevated prices.
#Jan.27.2026 ×
#oilprice.com. × Cold Snap Hits U.S. Oil and Gas Production | OilPrice.com. A severe cold spell temporarily knocked up to 2 million barrels per day of U.S. oil production offline while sharply disrupting natural gas output and driving a spike in gas prices.
#Jan.27.2026 ×
#oilprice.com. × Venezuela Eyes $1.4 Billion in Oil Investments | OilPrice.com. Venezuela expects oil investments to rise to $1.4 billion this year as limited U.S. sanctions relief and legal reforms reopen the sector, though high costs and investor caution continue to cloud its lo
#Jan.27.2026 ×
#oilprice.com. × Trump Orders Review That Could Reopen Offshore Oil Leasing Off California | OilPrice.com. U.S. President Donald Trump has taken the first formal step toward reopening offshore oil and gas leasing off California
#Jan.26.2026 ×
#oilprice.com. × U.S. Natural Gas Prices Hit $6 For First Time Since 2022 amid Big Freeze | OilPrice.com. U.S. natural gas prices on Monday extended their remarkable 70% rally from last week as the big freeze pushes heating and power demand to winter records.
#Jan.26.2026 ×
#oilprice.com. × Cold Weather Forces PJM to Preemptively Secure Gas-Fired Electricity | OilPrice.com. PJM Interconnection has taken the rare step of committing to gas-fired power purchases through the end of January to safeguard electricity supply during an intense and prolonged U.S. cold spell.
#Jan.26.2026 ×
#oilprice.com. × Mexico Weighs Cuba Oil Cut as Trump Pressure Mounts | OilPrice.com. Mexico is weighing whether to halt or scale back oil shipments to Cuba as concerns grow within President Claudia Sheinbaum’s government that continuing the policy could trigger retaliation from the Uni
#Jan.23.2026 ×
#oilprice.com. × Venezuela’s Heavy Oil Gets a Lifeline from US Naphtha | OilPrice.com. US naphtha has begun arriving in Venezuelan waters, marking an early and telling step in efforts to restart the country’s long-crippled heavy oil production
#Jan.23.2026 ×
#oilprice.com. × U.S. Reopens Venezuela’s Oil Spigot, but Refuses to Guarantee Security | OilPrice.com. According to people familiar with the discussions, senior administration officials said companies would be expected to manage their own physical and political risk if they choose to invest in Venezuela
#Jan.22.2026 ×
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