Overview Oil prices diverged from the broader trend of rising metals and North American natural gas. WTI fell to lows near US$55/bbl, driven by abundant U.S. supply, growing output from Canada and Guyana, and continued flexibility from OPEC, which together outpaced demand growth. Profoundly impacted by past downturns, Canadian producers became resilient, supported by stronger balance sheets and reduced debt. Years of disciplined effort to build a more robust sector are paying off. [Read more]
News
Trump says US oversight of Venezuela could last years
The United States could oversee Venezuela and control its oil revenue for years, President Donald Trump said in an interview published on Thursday. During what the New York Times described as a wide-ranging, two-hour interview, the paper said Trump also appeared to lift a threat to take military action against Venezuela's neighbour Colombia. Trump invited Colombia's leftist leader, whom he had previously called a "sick man", to visit Washington. "Only time will tell" how long the United [Read more]
US Senate to vote on reining in Trump on Venezuela
The U.S. Senate is due to consider a resolution on Thursday that would block President Donald Trump from taking further military action against Venezuela without congressional authorization, and backers said the measure could pass in a close vote. Days after U.S. forces captured Venezuelan President Nicolas Maduro in a dramatic military raid in Caracas, senators will vote on the latest in a series of war powers measures introduced since the administration ramped up military pressure on the [Read more]
Shell sticks to LNG output outlook, warns of chemicals loss
Shell narrowed its projected range for fourth-quarter liquefied natural gas production but kept it within previous guidance, it said in a trading update on Thursday, as it warned of a loss in its chemicals business. It said its chemicals and products segment's earnings will be below break-even in the fourth quarter, dragged down by chemicals margins seen to be falling to $140 a metric ton from $160 in the third quarter, a tax adjustment and significantly lower trading results. Shell [Read more]
China says US seizure of foreign vessels violates international law
The U.S. move to seize foreign vessels in international waters seriously violates international law, the Chinese foreign ministry said on Thursday. "China has always opposed illegal unilateral sanctions without the basis of international law and without the authorisation of the United Nations Security Council," ministry spokesperson Mao Ning said at a press conference. The U.S. seized two Venezuela-linked oil tankers in the Atlantic Ocean on Wednesday, one sailing under Russia's [Read more]
Shell fourth quarter 2025 update note
The following is an update to the fourth quarter 2025 outlook and gives an overview of our current expectations for the fourth quarter. Outlooks presented may vary from the actual fourth quarter 2025 results and are subject to finalisation of those results, which are scheduled to be published on February 5, 2026. Unless otherwise indicated, all outlook statements exclude identified items. See appendix for the definition of the non-GAAP measure used and the most comparable GAAP [Read more]
Trump’s ‘Donroe Doctrine’ targets China, US oil firms could pay the price: Bousso
President Donald Trump plans to import previously sanctioned Venezuelan oil into the U.S., tearing up the global energy playbook and underscoring the seriousness of the administration’s ambition to dominate the Western Hemisphere. China may be the ultimate target of this “Donroe Doctrine”- Trump's rebranding of a 19th-century doctrine that asserted Washington's zone of influence in the Americas. But U.S. oil companies could become the unintended casualties. Caracas has agreed to export up to $2 [Read more]
Oil prices rise after US inventory draw, Venezuela in focus
Oil prices rose on Thursday, after two days of declines, as a larger-than-expected draw in U.S. crude inventories provided some impetus for investors to buy futures while they monitor developments in Venezuela. Brent crude futures climbed 24 cents, or 0.40%, to $60.20 a barrel by 0343 GMT, while U.S. West Texas Intermediate crude was at $56.21 a barrel, up 22 cents, or 0.39%. Both benchmarks fell more than 1% for a second day on Wednesday with market participants expecting ample global supply [Read more]
Trump considers taking control of Venezuela’s PDVSA, lower oil prices to $50 a barrel, WSJ reports
U.S. President Donald Trump and his advisers are planning an initiative to dominate the Venezuelan oil industry for years to come, and the president told aides he believes his efforts could help lower oil prices to $50 a barrel, the Wall Street Journal reported on Wednesday. A plan under consideration includes the U.S. exerting some control over Venezuela's state-run oil company PDVSA, including acquiring and marketing the bulk of the company’s oil production, the report said, citing people [Read more]
Chinese refiners expected to replace Venezuelan oil with Iranian crude, traders say
Chinese independent refiners are expected to switch to heavy crude from sources including Iran in coming months to replace Venezuelan shipments halted since the U.S. removed the country's president, traders and analysts said. Caracas and Washington agreed to export up to $2 billion worth of Venezuelan crude to the United States, President Donald Trump said on Tuesday, after U.S. forces captured Venezuelan President Nicolas Maduro over the weekend. That arrangement is likely to curtail [Read more]
- « Previous Page
- 1
- …
- 281
- 282
- 283
- 284
- 285
- …
- 3779
- Next Page »