Industry & Analysis
News
January 09, 2026
Chevron could add up to $700 million a year in cash flow from higher oil production in Venezuela, according to TD Cowen, though analysts expect the company to limit new capital spending until political and fiscal conditions stabilize.
News
January 09, 2026
Independent Petroleum Association of America said U.S. independent oil and natural gas producers remain critical to energy security and local economies, while facing a challenging price environment that complicates capital allocation and long-term investment decisions.
News
January 09, 2026
The Trump administration does not plan to fund a revival of Venezuela’s oil sector, Interior Secretary Doug Burgum said, signaling U.S. energy companies will rely on private capital markets for investment.
News
January 07, 2026
Lower oil prices reduced Exxon’s fourth-quarter results by up to $1.2 billion, partially offset by stronger refining margins, as the supermajor becomes the first to flag earnings pressure ahead of reporting season.
News
January 07, 2026
Canadian heavy crude prices weakened after the Trump administration said it would market Venezuelan oil globally, raising concerns about renewed competition for US Gulf Coast refiners and wider heavy crude price discounts.
News
January 07, 2026
U.S. Energy Secretary Chris Wright says the United States will control Venezuelan oil exports indefinitely, using sales revenue to support economic rebuilding and leverage reforms.
Article
December 2025
Norway’s election results reaffirm strong national support for oil and gas, positioning the Labour government to expand licensing and safeguard long-term natural gas exports.
News
January 06, 2026
IPAA is asking the U.S. Environmental Protection Agency to revise Subpart W methane reporting rules, saying current definitions and emission factors create disproportionate costs for small and marginal-well operators.
News
January 06, 2026
Trafigura’s leadership says the firm will engage the U.S. government this week on how traders can return to buying crude from Venezuela and supplying fuel, while emphasizing that any comeback depends on OFAC permits and a credible upstream legal framework.
News
January 05, 2026
Analysts say Venezuela’s political upheaval is unlikely to disrupt global crude supply in the near term, but uncertainty around sanctions, exports and investment could reshape upstream dynamics in 2026 and beyond, with Chevron viewed as best positioned among U.S. majors.
News
January 05, 2026
U.S. Energy Secretary Chris Wright is expected to meet with oil industry executives this week to discuss the potential revival of Venezuela’s oil sector, as companies weigh long-term investment risks following recent political upheaval.
News
January 05, 2026
Chevron and other U.S. oil stocks climbed after President Donald Trump pledged to revive Venezuela’s oil industry following the capture of Nicolás Maduro. Analysts say Chevron, which operates under a U.S. sanctions waiver, is best positioned to benefit, though rebuilding Venezuela’s aging oil infrastructure could take years.
News
January 04, 2026
U.S. Secretary of State Marco Rubio said Washington’s oil “quarantine” is giving the U.S. significant leverage over Venezuela, as sanctioned crude shipments are seized and exports constrained.
News
January 03, 2026
Global oil markets are showing little reaction to Venezuela’s political shock, as swelling supplies and a deepening surplus blunt price impacts. Analysts say rising non-OPEC output and OPEC+ policy discipline are likely to keep crude prices under pressure despite heightened geopolitical risk.
Article
December 2025
How is U.S. President Trump's upstream oil and gas record shaping up after 11 months? In a new column, World Oil editor-in-chief Kurt Abraham grades policy wins on LNG, leasing and permitting against rising costs, market headwinds and price pressure on U.S. producers.
News
December 31, 2025
Venezuela’s oil output in the Orinoco Belt has fallen 25% as U.S. enforcement efforts block exports, forcing PDVSA to shut wells amid limited storage capacity.
News
December 31, 2025
Oil prices finished 2025 with their sharpest annual decline since 2020, as WTI fell 20% amid surging global supply, OPEC+ output increases and record U.S. production. Market watchers expect oversupply to persist into 2026, despite geopolitical risks and upcoming OPEC+ policy decisions.
News
December 31, 2025
African producers are turning regulatory reform into real upstream gains. From Angola’s $70B project pipeline to Nigeria’s accelerated licensing and Congo’s LNG expansion, policy shifts are reshaping investment across the continent.
News
December 31, 2025
Gabon is advancing major energy-sector reforms aimed at boosting upstream investment, separating its hydrocarbons framework into new oil and gas codes and unlocking deepwater potential. Growing production, offshore exploration agreements with bp and ExxonMobil, and LNG megaprojects position Gabon as a rising player in Africa’s oil and gas landscape.
