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Venezuelan Oil Shunned by China

6 January 2026, 8:00pm
Chinese buyers shunned offers for Venezuelan crude this week.
Read more... (source: www.rigzone.com)

Henry Hub Spot Gas Prices 'Collapse'

6 January 2026, 3:27pm
'Physical natural gas prices are crashing', EBW Analytics Group Energy Analyst Eli Rubin said.
Read more... (source: www.rigzone.com)

Trafigura to Talk With USA Over Venezuelan Oil

6 January 2026, 3:15pm
Trafigura is one of the world's biggest traders of oil, moving an average of 6.6 million barrels a day.
Read more... (source: www.rigzone.com)

US DOE Awards $2.7B for Uranium Enrichment in Nuclear Power Push

6 January 2026, 2:51pm
The work to be undertaken by three companies 'will transition the United States away from foreign sources of uranium and diversify the nation's domestic fuel supply', DOE said.
Read more... (source: www.rigzone.com)

Phillips 66 Wins Bidding for Lindsey Refinery in UK

6 January 2026, 1:40pm
Phillips 66 won a sale supervised by the UK government for the Lindsey refinery and associated assets, under court orders to liquidate several Prax Group businesses.
Read more... (source: www.rigzone.com)

North America Drops 16 Rigs Week on Week

6 January 2026, 1:06pm
North America dropped 16 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Read more... (source: www.rigzone.com)

2026 Oil Market Will Not Be About Venezuela

6 January 2026, 9:19am
'The global oil market in 2026 will not be about Venezuela', SEB Chief Commodities Analyst Bjarne Schieldrop said.
Read more... (source: www.rigzone.com)

Eni Spins Off Europe, Mideast Refineries

6 January 2026, 8:40am
The Italian state-backed company said it had transferred the management of its traditional refineries and depots in the Middle East and Europe to a new company to streamline these assets' decarbonization.
Read more... (source: www.rigzone.com)

Falcon Australia Shareholders Vote Up Acquisition by Tamboran

6 January 2026, 7:34am
Falcon Australia won shareholder approval for Tamboran's takeover offer, part of a bigger transaction under which Tamboran is to merge with Falcon Australia's parent company and create a 'leading position' in the Beetaloo sub-basin.
Read more... (source: www.rigzone.com)

Saudi Arabia Trims Flagship Oil Price for Asia for 3rd Month

6 January 2026, 6:44am
The cut comes as OPEC and some of its allies stuck with plans to pause supply increases in the first quarter.
Read more... (source: www.rigzone.com)

Oil Settles Higher as US Pressures Venezuela

5 January 2026, 9:02pm
Oil prices rose as geopolitical risks increased following US action against Venezuela.
Read more... (source: www.rigzone.com)

Denmark Warns Trump to Stop Greenland Threats

5 January 2026, 9:00pm
Denmark's prime minister urged Donald Trump to stop threatening to take control of Greenland.
Read more... (source: www.rigzone.com)

GasBuddy Head Dubs 2025 'A Year of Rare Stability'

5 January 2026, 3:40pm
'When drivers look back, 2025 will stand out as one of the calmest years at the pump in recent history', said Patrick De Haan, head of petroleum analysis for GasBuddy.
Read more... (source: www.rigzone.com)

Chevron, USA Oil Stocks Rally

5 January 2026, 3:26pm
U.S. oil stocks jumped Monday after President Donald Trump pledged to revive the Venezuelan energy sector.
Read more... (source: www.rigzone.com)

Crude oil prices fell in 2025 amid oversupply

5 January 2026, 2:00pm
Crude oil prices generally declined in 2025 with supplies in the global crude oil market exceeding demand. Crude oil inventory builds in China muted some of the price decline. Events such as Israel's June 13 strikes on Iran and attacks between Russia and Ukraine targeting oil infrastructure periodically supported prices.
Read more... (source: www.eia.gov)

Baker Hughes, Cactus Launch JV

5 January 2026, 1:00pm
Cactus and Baker Hughes completed a transaction to create a joint venture consisting of the latter's surface pressure control business.
Read more... (source: www.rigzone.com)

OPEC+ 8 Reaffirm Decision to Pause Production Hikes

5 January 2026, 12:43pm
Eight OPEC+ countries met virtually on January 4 'to review global market conditions and outlook', a statement posted on OPEC's site highlighted.
Read more... (source: www.rigzone.com)

Trump Says USA Will Rebuild Venezuela Oil Infrastructure

5 January 2026, 11:13am
'We're going to get the oil flowing the way it should be', U.S. President Donald Trump said.
Read more... (source: www.rigzone.com)

Leviathan Group Gets More Time to Put into Force Enlarged Export Deal

5 January 2026, 10:03am
'The Leviathan partners are working on the adoption of a final investment decision for phase one of the Leviathan expansion'.
Read more... (source: www.rigzone.com)

Petrobras Starts Production at 7th Buzios Platform

5 January 2026, 7:43am
The newest development is designed to produce up to 180,000 barrels of oil per day and 254.27 million cubic feet of gas per day.
Read more... (source: www.rigzone.com)

Foreign Claims to Venezuelan Oil in Doubt after US Intervention

5 January 2026, 7:02am
'The crucial question is what will happen with Venezuela's production from here. This remains hard to forecast', the analysts said.
Read more... (source: www.rigzone.com)