By Alex Kimani – Jan 12, 2026, 6:00 PM CST Global upstream investment is set to fall again in 2026, but the Middle East and North Africa are expected to add around 20 billion boe through new licensing rounds and contract awards. Libya, Iraq, Kuwait, Oman, and Syria are reopening or expanding upstream opportunities. Middle […]
Where The Middle East’s Next 20 Billion Barrels Are Coming From Read More »
By Irina Slav – Jan 12, 2026, 5:00 PM CST Trump’s push for cheap energy has clashed with oil market realities, as low prices pressure U.S. producers and discourage investment. Oversupply fears have weighed on prices, with forecasters expecting production cuts from shale and falling upstream capex. Geopolitical risks are now lifting prices again, as
Cheap Oil Is Double-Edged Sword for Trump Read More »
By Tsvetana Paraskova – Jan 12, 2026, 4:00 PM CST Rising oil output from the Americas and potential U.S. control over Venezuela’s reserves threaten to weaken OPEC’s influence on global oil supply and pricing. A recovery of Venezuela’s oil sector would require massive investment and legal certainty. If the U.S. gains sway over Venezuelan oil,
Trump’s Venezuela Gambit Could Erode OPEC’s Clout in Oil Markets Read More »
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98-octane gasoline: everything you need to know Read More »
Donald Trump plans to use Venezuela’s vast crude reserves to establish control of most of the western hemisphere’s oil in an attempt to drive the market price down to about $50 (£37) a barrel, according to reports. The US president has repeatedly raised the prospect of producing enough crude from Venezuela’s oilfields to drive down
Trump plans to use Venezuela’s huge crude reserves ‘to cut US oil price to $50 a barrel’ Read More »
TLDR Exxon Mobil warned falling crude prices could cut Q4 upstream profit by $800 million to $1.2 billion Crude prices dropped sharply in late 2024, with Brent down 19% and WTI down nearly 20% for the year Natural gas price changes could impact earnings anywhere from a $300 million loss to a $100 million gain
Exxon Mobil (XOM) Stock: Company Warns of $1.2B Q4 Profit Hit from Lower Oil Prices Read More »
Shortly after launching a dramatic raid in which U.S. forces abducted Venezuelan leader Nicolás Maduro on Saturday, President Donald Trump justified the action with a promise to revive Venezuela’s moribund oil industry. The country has by far the largest claimed reserves of crude oil in the world, accounting for almost a fifth of the planet’s
Trump says he’ll unleash Venezuela’s oil. But who wants it? Read More »
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From Cummins’ Gasoline Engine to Struck Mini Dozers – Our Top 10 Stories of 2025 Read More »
West Texas Intermediate (WTI) Oil price holds ground after registering modest losses in the previous trading session, hovering near $57.50 during the Asian hours on Friday. Traders are awaiting Sunday’s virtual meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+), with expectations that the group will uphold its November decision to
WTI steadies near $57.50 as traders await OPEC+ meeting Read More »
Here’s a quick roundup of today’s top stories: Diesel, kerosene prices climb as 2025 closes Motorists will see higher fuel costs to close the year as diesel and kerosene prices are set to go up this week, adding pressure on transport and household expenses during the busy holiday travel period… https://www.inquirer.net/463938/inqtoday-bersamin-slams-inclusion-in-cabral-files/
INQToday: Bersamin slams inclusion in ‘Cabral files’ Read More »
