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KYIV, Dec 12 (Reuters) – Ukrainian drones struck two Russian oil rigs in the Caspian Sea, an official in the Security Service of Ukraine (SBU) said on Friday. The source said SBU drones hit the Filanovsky and Korchagin oil rigs, which both belong to Russia’s Lukoil (LKOH.MM). The Filanovsky rig – part of Russia’s largest …
Ukraine Hits Russian Oil Infrastructure In Caspian For Second Time Read More »
By Marianna Parraga Only Chevron-chartered tankers sailing into international waters About 11 million barrels stuck in vessels in Venezuela Some cargoes are onboard Washington-sanctioned ships HOUSTON, Dec 12 (Reuters) – Venezuela’s oil exports have fallen sharply since the United States seized a tanker earlier this week and imposed fresh sanctions on shipping companies and vessels …
Venezuela Oil Exports Fall Sharply After US Tanker Seizure, Sources and Data Say Read More »
Hauling petroleum around the world in ships is no longer a humdrum business. By Julian Lee The cold war on sanctioned oil is heating up. Drone strikes and boarding parties have raised the risk of shipping blacklisted barrels. On Wednesday, the US seized a tanker hauling as much as a two million barrels of Venezuelan …
US forces intercept and seize a sanctioned oil tanker off the coast of Venezuela, in a video released by the US Department of Justice on Dec. 10. Source: US Department of Justice On Dec. 10, US forces intercepted and seized an oil tanker off the coast of Venezuela that Attorney General Pam Bondi said is …
What US Military Posturing Means for Venezuela’s Oil Read More »
By Yawen Chen (Reuters Breakingviews) – The U.S. seizure of a sanctioned tanker has sharpened President Donald Trump’s standoff with Venezuela’s Nicolás Maduro. It does not, however, make the country’s 300 billion barrels of theoretical oil reserves – the world’s largest – any easier to turn into usable supply. Even if Washington’s pressure campaign leads …
Venezuelan Oil Riches Will Stay Mostly theoretical Read More »
Alberta oilsands more resilient to lower prices than U.S. rivals who are cutting budgets to cope with below US$60 crude By Meghan Potkins Originally published in the Financial Post – This Story and More by Meghan Potkins Here Canada’s largest oilpatch spenders have begun unveiling their 2026 budgets, with early signs showing oilsands spending …
Brent crude oil is expected to average $65 per barrel next year, Barclays said on Thursday, while projecting a supply surplus for the year. “We expect a 1.9 million barrels per day surplus next year, but inventories remain low and builds continue to surprise to the downside,” Barclays said in a note. It added that …
Brent Should Average $65/Bbl in 2026, Barclays Says Read More »
(Reuters) – The United States imposed new sanctions on Thursday on three nephews of Venezuelan President Nicolas Maduro and six ships transporting the nation’s oil, Axios reported. The measures will be announced by Treasury Secretary Scott Bessent, it said. President Donald Trump said on Wednesday that the U.S. had seized a sanctioned oil tanker off …
US Sanctions Maduro’s Nephews, Six Ships Carrying Venezuela Oil, Says Axios Read More »
(Reuters) – The U.S. is preparing to intercept more ships transporting Venezuelan oil following the seizure of a tanker this week, as it increases pressure on Venezuelan President Nicolas Maduro, six sources familiar with the matter said on Thursday. The seizure was the first interdiction of an oil cargo or tanker from Venezuela, which has …
(Reuters) – Oil exports of the Caspian Pipeline Consortium (CPC), which ships oil from Kazakhstan via a pipeline and subsequently a Russian Black Sea terminal, declined by 12% in November from October, two industry sources said on Thursday. CPC, which handles around 80% of Kazakhstan’s oil exports, was attacked by a Ukrainian drone on November …
Oil Exports Via Caspian Pipeline Down 12% in November m/m, Sources Say Read More »
