By Marianna Parraga Only Chevron-chartered tankers sailing into international waters About 11 million barrels stuck in vessels in Venezuela Some cargoes are onboard Washington-sanctioned ships HOUSTON, Dec 12 (Reuters) – Venezuela’s oil exports have fallen sharply since the United States seized a tanker earlier this week and imposed fresh sanctions on shipping companies and vessels … Read more

Summary Brent and WTI down more than 4% this week Supply glut remains main market focus US plans to seize more tankers off Venezuela coast, sources say (Reuters) – Oil prices inched lower on Friday and were on track for a weekly decline as investors focussed on a supply glut and potential Russia-Ukraine peace deal, … Read more

(Reuters) – The United States imposed new sanctions on Thursday on three nephews of Venezuelan President Nicolas Maduro and six ships transporting the nation’s oil, Axios reported. The measures will be announced by Treasury Secretary Scott Bessent, it said. President Donald Trump said on Wednesday that the U.S. had seized a sanctioned oil tanker off … Read more

(Reuters) – The U.S. is preparing to intercept more ships transporting Venezuelan oil following the seizure of a tanker this week, as it increases pressure on Venezuelan President Nicolas Maduro, six sources familiar with the matter said on Thursday. The seizure was the first interdiction of an oil cargo or tanker from Venezuela, which has … Read more

Summary 84% chance of a quarter-point Fed cut, LSEG data shows G7, EU mull Russian oil maritime services ban, sources say Progress on Ukraine peace talks remains slow (Reuters) – Oil prices declined on Monday as investors monitored ongoing talks to end the war in Ukraine ahead of an expected U.S. Federal Reserve interest rate cut this week. Brent … Read more

By Scott Disavino US central bank expected to cut rates next week Russia-Ukraine talks stall, affecting oil supply outlook OPEC+ production steady, geopolitical tensions influence prices NEW YORK, Dec 5 (Reuters) – Oil prices edged up nearly 1% to a two-week high on Friday on increasing expectations the U.S. Federal Reserve will cut interest rates … Read more

Summary U.S. crude stocks rise vs expected draw Peace talks on Russia-Ukraine stall (Reuters) – Oil prices were steady on Thursday, with the market focused on Ukraine’s attacks on Russian oil assets, while stalled peace talks tempered expectations of a deal restoring Russian oil flows. Brent crude rose 24 cents, or 0.4%, to $62.91 at … Read more

(Reuters) – U.S. crude oil imports from Mexico fell by 431,000 barrels per day (bpd) to a weekly record low of 131,000 bpd in the week ended November 28, according to data from the U.S. Energy Information Administration’s (EIA) Petroleum Supply Report going back to 2010. That was lower than the prior all-time low for … Read more

(Reuters) – Oil prices climbed more than 1% on Wednesday after Russia said talks with U.S. officials in Moscow failed to reach a compromise on a potential Ukraine peace deal that could have eased sanctions on its oil sector. Brent crude gained 78 cents, or 1.3%, to $63.23 at 1010 GMT, while U.S. West Texas … Read more

Oil prices have been falling as the market faces the prospect of a growing surplus. This year is set to culminate in the first major glut since 2020. The International Energy Agency forecast in November that global supply will outweigh demand by 2.4 million barrels a day, and expects the gap to expand to a … Read more

Summary Markets weigh risk from Ukraine attacks on Russian facilities Caution emerges over US-Venezuela situation Decline in India’s Russian oil imports may be brief: Kremlin spokesperson LONDON, Dec 2 (Reuters) – Oil prices held firm on Tuesday as traders weighed up risks from Ukrainian drone strikes on Russian energy sites and mounting U.S.-Venezuela tensions. Brent … Read more

By Erwin Seba Brent, WTI rise more than 1% Ukraine drone attacks hit tankers carrying Russian oil HOUSTON, Dec 1 (Reuters) – Oil prices rose more than 1% on Monday following drone attacks by Ukraine, the closure of Venezuelan airspace by the United States, and OPEC’s decision to leave output levels unchanged in the first … Read more

Summary CME system resumes trading after outage Brent, WTI in longest monthly losing streaks since 2023 US crude production hit monthly high in September, EIA says (Reuters) – Crude futures fell marginally on Friday as investors considered oil’s geopolitical risk premium amid drawn-out Russia-Ukraine peace talks, while keeping an eye on Sunday’s OPEC+ meeting for … Read more

Summary Markets pricing in possibility of Russia-Ukraine peace plan Thin trade likely due to US holiday OPEC+ set to keep output unchaned at Sunday meet, sources say (Reuters) – Oil prices steadied on Thursday as market participants weighed talks to end the war in Ukraine against the impact of Western sanctions against Russian supply, though … Read more

Summary Ukraine peace deal likely to drag down prices Expected 2026 supply glut weighs on market OPEC+ likely to leave output levels unchanged (Reuters) – Oil prices were steady on Wednesday after sliding to a one-month low in the previous session as investors assessed prospects of oversupply and talks over a Russia-Ukraine peace deal. Brent … Read more

By Shariq Khan ‘Tremendous progress’ toward Ukraine-Russia peace deal, White House says Zelenskiy could visit the US in next few days Russia stresses deal cannot stray too far from its objectives NEW YORK, Nov 25 (Reuters) – Oil prices fell over 2% on Tuesday after Ukraine hinted that an intense diplomatic push by the U.S. … Read more

Summary Maduro could offer a portion of oil cargoes currently sold to China Washington and Caracas could also engage in negotiations to restore US energy licenses New phase of action against Venezuela puts more pressure on Maduro (Reuters) – Venezuelan President Nicolas Maduro has the flexibility and the incentive to offer crude oil cargoes, which … Read more

Summary Oversupply concerns outweigh Russian sanctions’ impact on oil prices Russian oil exports to China discussed amid sanctions Deutsche Bank predicts 2026 oil surplus, bearish outlook LONDON, Nov 25 (Reuters) – Oil prices eased on Tuesday as oversupply concerns outweighed worries that Russian shipments will remain under sanctions as talks to end the Ukraine war … Read more

Reuters The United States is poised to launch a new phase of Venezuela-related operations in the coming days, four U.S. officials told Reuters, as the Trump administration escalates pressure on President Nicolas Maduro’s government. Reuters was not able to establish the exact timing or scope of the new operations, nor whether U.S. President Donald Trump … Read more

(Reuters) – Oil prices stabilised on Monday after last week’s decline of about 3%, as investors weighed the chances for a U.S. rate cut against the prospect of a Ukraine peace deal that could lead to an easing of sanctions on major producer Russia. The United States and Ukraine were set to resume work on … Read more

Summary Russia-Ukraine peace deal could boost global crude supply Stronger dollar weighs on oil prices US sanctions on Lukoil and Rosneft to take effect on Friday (Reuters) – Oil prices eased about 1% on Friday to settle at one-month lows as the U.S. pushed for a Russia-Ukraine peace deal that could boost global oil supplies, … Read more

By Mayela Armas CARACAS, Nov 20 (Reuters) – Venezuela’s National Assembly on Thursday approved a 15-year extension of the joint ventures between state company PDVSA and a unit of Russia’s Roszarubezhneft that operate two oilfields in the South American country’s western region, according to a session broadcast on TV. The partnerships may continue operating the … Read more

(Reuters) – Saudi and U.S. officials on Wednesday touted billions in new investments and growing financial ties between the two countries coinciding with Saudi Arabian Crown Prince Mohammed bin Salman’s visit to Washington. The CEOs from Chevron, Qualcomm, Cisco, General Dynamics and Pfizer are attending the U.S.-Saudi Investment Forum at the Kennedy Center in Washington, … Read more

(Reuters) – Crude oil production from Alaska is forecast to reach 477,000 barrels per day (bpd) in 2026, the highest since 2018, the U.S. Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook on Wednesday. The EIA said Alaska oil production is expected to rise 13%, or 55,000 bpd, marking the largest annual … Read more