Oil and Gas

  Washington, Jan. 16, 2026 – The first U.S. sale of Venezuelan oil, valued at $500 million, has been completed, according to an administration official. The details of the sale haven’t yet been disclosed, although the official said more sales are expected in the coming days and weeks. President Trump has said the U.S. will sell 30 million to 50 million barrels of Venezuelan oil, in partnership with U.S. companies. White House spokeswoman Taylor Rogers said in a statement that President Trump had “brokered a historic energy deal with Venezuela” …

  Tokyo, Jan 15, 2026 – Oil prices retreated from multi-month highs on Thursday and gold eased from a record peak after U.S. President Donald Trump calmed market anxiety over potential U.S. military action against Iran. A selloff in tech stocks extended into Asian trading, following declines on Wall Street, as investors rotated out of high-flying chip and artificial intelligence-related names while searching for bargains in other parts of the market. Currencies paused for breath after the yen dropped to its weakest point since July 2024 against the U.S. dollar …

  London, Jan 14, 2026 – Oil slipped ​on Wednesday after four days of gains as Venezuela resumed exports and U.S. crude and ‌product inventories rose, though fears of Iranian supply disruptions due to deadly civil unrest loomed over the market. Brent futures were down 55 cents, or 0.84%, at $64.92 a barrel at 0900 GMT. U.S. West Texas Intermediate crude was down 52 cents, or 0.85%, at $60.63 a barrel. “The oil market has been driven by geopolitics, by anxiety. But if that doesn’t turn into actual ‌supply or …

  London, Jan 13, 2026 – Global oil trading houses have emerged as early winners in the race to control Venezuelan crude flows, getting ahead of U.S. energy majors wary of credit and legal risks and securing a potentially lucrative business opportunity in the country with the world’s largest crude reserves. U.S. President Donald Trump said U.S. majors would invest billions of dollars in Venezuela to quickly rebuild its dilapidated oil sector following the U.S. capture of President Nicolas Maduro earlier in January. Trump met top oil executives at the …

  London, Jan 13, 2026 – Oil prices extended gains on Tuesday as heightened concerns surrounding major producer Iran and potential supply disruptions overshadowed the prospect of increased crude supply from Venezuela. Brent futures jumped $1.06, or 1.7%, to $64.93 a barrel by 0934 GMT, hovering at its highest since mid-November. U.S. West Texas Intermediate crude climbed $1.02, or 1.7%, to $60.52. “The oil market is building in some price protection against geopolitical drivers,” said PVM Oil Associates analyst John Evans, highlighting the potential exclusion of Iran’s exports, trouble around …

  Singapore, Jan 12, 2026 – Oil prices dipped on Monday, after Iran said it had “total control” following weekend violence, easing some concerns over supply from the ​OPEC producer, while investors also weighed efforts to resume oil exports from Venezuela. Brent crude futures ‌lost 9 cents to $63.25 a barrel by 0750 GMT while U.S. West Texas Intermediate crude was at $59.02 a barrel, down 10 cents. Both ‌benchmarks rose more than 3% last week in their biggest such rise since October, as Iran’s clerical establishment stepped up its …

  Washington, Jan. 12, 2026 – Goldman Sachs has predicted that prices of crude oil could drop to $50 per barrel in 2026. It said West Texas Intermediate (WTI) could drop all the way to $50 per barrel towards the end of this year. Goldman Sachs energy analysts said this in a note that cited an expected market imbalance with excess supply that would put pressure on benchmarks. At the same time, the investment bank’s analysts noted the role of geopolitics as a counterweight for prices, according to a Reuters …