U.S.

Indian refiners await government advice on Russian oil import halt

On Monday, U.S. President Donald Trump announced a trade agreement with Indian Prime Minister Narendra Modi that included halting oil purchases from Russia, but without details on how and when such purchases by India would end.

Venezuela oil exports rise sharply in January under U.S. control

Venezuelan oil exports rose to some 800,000 bpd in January, from 498,000 bpd in December, after the U.S. capture of Nicolas Maduro and the ending of an oil blockade which has let traders carry most exports, shipping data showed.

bp's Whiting refinery union workers reject contract extension

China's teapots buy Iranian oil to replace Venezuelan supply

Venezuelan shipments to China have fallen sharply since mid-December after U.S. President Donald Trump imposed a blockade on sanctioned ships, part of a campaign against President Nicolas Maduro which culminated in his capture by U.S. forces on January 3.

Valero Energy Q4 profit beats estimates; shares surge

Russia hunts for new naphtha markets as key buyers pull back

Buyers have become more cautious after Washington imposed sanctions on top Russian oil producers, forcing sellers to hold naphtha on ships or in storage abroad from where it can be re-exported, often with the destination obscured.

Glenfarne announces major Phase 1 Alaska LNG milestones, with construction, line pipe supply and gas agreements

Few refineries report problems as deep cold seizes U.S. Gulf Coast

Tanker carrying Venezuelan heavy oil departs to Louisiana (U.S.)

This month, trading houses Vitol and Trafigura received the first U.S. licenses to load and export Venezuelan oil as part of the deal. They have since shipped cargoes to storage terminals in the Caribbean, and from there they have been marketing and selling the crude to refiners worldwide.

Europe set for record LNG imports in 2026