By Marianna Parraga and Mircely GuanipaVenezuela's oil exports fell slightly to 1.2 million barrels per day last month from 1.24 million bpd in May as two deadly earthquakes caused minor delays at terminals operated by state-run energy company PDVSA, according to data based on tanker monitoring and…
Venezuela's oil exports fell slightly to 1.2 million barrels per day (bpd) last month from 1.24 million bpd in May as two deadly earthquakes caused minor delays at terminals operated by state-run energy company PDVSA, according to data based in tanker monitoring and company documents.Shipments to t…
Britain's National Grid LSE:NG. said on Wednesday it will invest $1.75 billion for a 35% stake in Joulent, a U.S. energy platform developing power infrastructure for data centres, as it bets on a booming AI-driven power market.The deal will help fund Joulent's first project, a 2.67-gigawatt gas-fir…
Iraq's Basra Oil Company signed a non-disclosure agreement with U.S. energy firm Chevron on Wednesday to regulate data exchange for evaluating the West Qurna 2 oil field and pave the way for future partnership talks, the oil ministry said.In February, Chevron (CVX.N), entered into exclusive talks w…
The Caspian Pipeline Consortium plans to export about 1.6 million barrels per day of CPC Blend crude in July, down from around 1.7 million bpd planned for June after drone damage to a Russian gas facility meant output had to be reduced, two trading sources said.Kazakhstan's oil and gas condensate f…
Energy conglomerates ExxonMobil NYSE:XOM and QatarEnergy signed a deal with Cyprus on Tuesday declaring prospects in two offshore gas fields marketable, a milestone in efforts by the east Mediterranean island to develop offshore gas reserves.The Declaration of Marketability signed in Nicosia advanc…
The global energy market has experienced a dramatic round-trip. Following a joint U.S.-Israel strike on Iran in late February 2026 and the consequent closure of the Strait of Hormuz, which disrupted nearly 20% of global oil supply, crude prices surged. Resultantly, Brent crude climbed above $100 pe…
(16:59 GMT) Chevron Price Target Cut to $210.00/Share From $214.00 by Morgan Stanley
By Avi SalzmanIt was always clear that a ceasefire in the U.S. war with Iran would cause oil prices to fall, but few expected prices to fall this fast and this dramatically. Brent crude, the international benchmark price, is now trading around $72 per barrel, the same level it was before the war —…
The companies belonging to the Zacks Oil & Energy sector remain an attractive long-term investment opportunity, driven by abundant shale resources, improved offshore extraction technologies and resilient global energy demand. Technological advances, including hydraulic fracturing and horizontal dri…
