Venezuela, Big Oil
Digest more
WTI crude oil rallies above $62.20 resistance, targeting previous tops at $64.75 and $66.49 with bullish momentum intact. Winter storm disrupts U.S. crude production, sending Gulf Coast exports to zero before rebounding as supply tightens.
Oil prices edged up on Tuesday as a massive winter storm hit crude production and affected refineries on the U.S. Gulf Coast.
The March Brent crude oil contract on the Intercontinental Exchange hit a more than four-month high of $70.35 per barrel on Thursday. It was trading close to $69 per barrel at the time of writing. Meanwhile, the price of West Texas Intermediate crude oil topped $65 per barrel for the first time since September.
By Stephanie Kelly LONDON, Jan 26 (Reuters) - Oil prices edged higher on Monday after climbing more than 2% in the previous session, as output disruptions in major U.S. crude-producing regions and tensions between the U.
Iran faces rising logistical expenses—from ship-to-ship transfers to tanker reflagging—meaning it pays more just to sell each barrel.
Nigeria’s crude oil production slipped slightly to 1.422 million barrels per day (bpd) in December 2025, down from 1.436 million
Around half a million barrels per day of crude production or nearly 0.5% of global supply remained offline in the United States on Thursday, according to consultancy Energy Aspects, as an Arctic blast gripped a large area of the country in the wake of a winter storm over the weekend.
Take a look at some of this year's top-performing oil ETFs and consider whether they deserve a spot in your portfolio.
Rebuilding Venezuela’s oil sector would be a long-cycle, capital-intensive process, not a rapid production restart.
Crude oil futures traded lower on Tuesday morning despite a winter storm affecting crude oil production and refinery operations on the US Gulf Coast.
A SaharaReporters' review of crude oil production data from the Organisation of the Petroleum Exporting Countries in its monthly report has shown that Nigeria, under the President Bola Tinubu-led government, failed to consistently meet its crude oil production quota in 2025.