(Reuters) – Refineries along the U.S. Gulf Coast from Corpus Christi, Texas to Pascagoula, Mississippi are configured to run the heavy sour, corrosive crude oil produced by Venezuela that President Donald Trump plans to sell in the U.S., following the capture last weekend of Nicolas Maduro. Beginning in the 1990s, refiners reconfigured their plants with …
US Gulf Refineries Ready to Run Venezuelan Crude Read More »
(Reuters) – U.S. Energy Secretary Chris Wright said there was room to balance roles for both the United States and China in Venezuela to allow for commerce but that Washington would not allow Beijing to have major control over the Latin American country. In an interview on Fox Business Network, Wright also said he expected …
US, China Can Balance Roles in Venezuela, US Energy Chief Says Read More »
(Reuters) – 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 …
US Senate to Vote on Reining in Trump on Venezuela Read More »
(Reuters) – 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 …
Shell Sticks to LNG Output Outlook, Warns of Chemicals Loss Read More »
(Reuters) – 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. …
China Says US Seizure of Foreign Vessels Violates International Law Read More »
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, …
(Reuters) – 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 …
Trump’s ‘Donroe Doctrine’ Targets China, US Oil Firms Could Pay the Price: Bousso Read More »
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 …
Trump Says US Oversight of Venezuela Could Last Years Read More »
Summary Norway’s petroleum output seen broadly steady in 2026 Output seen gradually declining towards 2030 Oil investments seen down nearly 7% in 2026 vs 2025 Lower demand to hit supplier industry (Reuters) – Norway’s offshore oil and gas output will remain broadly steady in 2026, but investments are seen falling by 6.6%, signalling a …
Norway’s Oil and Gas Output Will Fall Towards 2030, Regulator Says Read More »
Summary US boarded tanker that escaped blockade and put up Russian flag US also seized second Venezuela-linked tanker Venezuela’s main buyer China denounces US ‘bullying’ (Reuters) – The U.S. seized two Venezuela-linked oil tankers in the Atlantic Ocean on Wednesday, one sailing under Russia’s flag, as part of President Donald Trump’s aggressive push to dictate oil …
US Seizes Russian-Flagged Tanker, Another Tied to Venezuela as Trump Widens Oil Push Read More »
