Venezuelan oil exports to China set to drop as US blockade limits cargoes
China's oil imports from Venezuela are expected to slump starting from February as fewer tankers have managed to leave for Caracas' top crude buyer after the U.S. claimed control of the OPEC producer, traders and analysts said.
BP Warns of Weak Oil Trading, Flags Up to $5 Billion Impairment in Low-Carbon Division
The energy company joins British peer Shell in warning that weak fourth-quarter oil-trading performance would drag on earnings.
BP flags $4 billion-$5 billion in energy transition impairments, weak oil trading
BP flagged in a trading statement on Wednesday that it expects to book $4 billion to $5 billion in impairments in the fourth quarter, mainly related to its energy transition businesses, and that its oil trading was weak.
Oil News: Crude Oil Futures Test 200-Day MA on Iran Supply Production Fears
Light crude breaks 50-day moving average resistance, now challenging 200-day MA on Iran tensions. Technical analysis points to potential rally toward $64.75.
Oil prices pause gains as Venezuela shipments resume but Iran concerns loom
Oil prices paused their run of gains on Wednesday, slipping after four days of increases, as Venezuela resumed exports, but fears of Iranian supply disruptions following deadly civil unrest in the major Middle Eastern producer loom over the market.
Oil Futures Edge Lower on Likely Technical Correction
Oil futures edged lower in early Asian trade on a likely technical correction after the futures settled overnight at their highest level since late October.
Crude Oil Price Forecast: Double Bottom Breakout Signals Trend Reversal
Crude oil confirmed a bullish trend reversal after breaking multiple resistance levels, with strong momentum pointing toward higher targets near the 200-day average and clustered Fibonacci resistance.
Trade Tracker: Joe Terranova buys the VanEck Oil Services ETF
Joe Terranova, Senior Managing Director for Virtus Investment Partners, joins CNBC's "Halftime Report" to detail his latest buy in the energy sector.
Venezuela reopens oil wells and resumes crude exports following Trump administration policy changes
Venezuela oil exports reportedly resume as two supertankers carrying 1.8 million barrels each depart under Trump's new policy shift toward the country.
Norway awards 57 drilling permits in offshore oil, gas exploration round
Norway on Tuesday awarded stakes in 57 offshore oil and gas exploration licences to 19 companies in its annual licensing round, the country's energy minister told an industry conference.
Russia counters Trump's assertion over oil in Venezuela
Oil assets that Russia develops in Venezuela belong to Russia, which will continue working there, Moscow said on Tuesday, after U.S. President Donald Trump's claims of control over the South American country.
Clock ticks in Cuba as Trump cuts off Venezuelan oil
Cubans are bracing for impact after U.S. President Donald Trump vowed to cut off a lifeline of Venezuelan oil from reaching Cuba, setting up a siege scenario for an island already reeling from crippling blackouts and shortages.
