Group 1 - Exxon Mobil and Chevron executives are expected to face inquiries regarding their investment opportunities in Venezuela during analyst calls [1] - The focus on Venezuela may overshadow discussions about their actual quarterly earnings [1]

As Exxon Mobil Corp. (NYSE:XOM) prepares to report fourth-quarter earnings on Jan. 30, the energy giant faces a complex landscape defined by softening crude prices and a sudden geopolitical shift.While lower upstream realizations are expected to weigh on results, analysts forecast that robust refining and record production volumes in Guyana and the Permian Basin will provide a critical earnings buffer.Refining Resilience Meets Market HeadwindsWall Street consensus estimates project fourth-quarter Earnings P ...

Core Viewpoint - The Trump administration has recently blocked a deal involving commodities trader Gunvor, indicating a shift in regulatory stance towards such transactions [1] Group 1 - The news follows a previous decision by the Trump administration to block a deal with Gunvor, highlighting ongoing scrutiny in the commodities trading sector [1]

Core Viewpoint - French oil group Maurel & Prom reported weaker than expected full-year sales due to depressed oil prices [1] Company Summary - Maurel & Prom's full-year sales were impacted negatively by lower oil prices, indicating a challenging market environment for the company [1]

Core Viewpoint - Russia's second-largest oil producer, Lukoil, has agreed to sell its foreign asset management unit, LUKOIL International GmbH, to the U.S. private equity firm Carlyle Group [1] Company Summary - Lukoil is a major player in the Russian oil industry, being the second-largest oil producer in the country [1] - The sale involves LUKOIL International GmbH, which is responsible for overseeing Lukoil's foreign assets [1] Industry Summary - The transaction highlights ongoing trends in the oil and gas sector, particularly the involvement of private equity firms in acquiring foreign assets from major oil producers [1]

Group 1 - Kazakhstan announced that Chevron has committed to implementing measures for the reliable and safe operation of facilities at the Tengiz oilfield [1]

Group 1: Oil Market Dynamics - Gasoline stocks increased by 200,000 barrels while distillate stocks rose by 300,000 barrels, indicating a shift in refinery output potentially due to changing demand [1] - Gasoline production surged to 9.6 million barrels per day, whereas distillate production declined to 4.8 million barrels, highlighting an imbalance in the market [1] Group 2: Federal Reserve Impact - The Federal Reserve maintained interest rates at 3.50%–3.75%, pausing after three cuts last year due to persistent inflation and slowing job growth, which indirectly supported the oil market [2] - The stabilization of the U.S. dollar due to the Fed's cautious stance, combined with ongoing inflation fears, has added rate premiums to oil prices [3] Group 3: Geopolitical Factors - Citgo's purchase of Venezuelan oil marks a significant development, as it is the first deal since 2019, following a U.S.-Venezuela agreement after political changes in Venezuela [4] - The delivery of approximately 500,000 barrels of heavy crude arranged through Trafigura indicates a re-entry of Venezuelan oil into the market, which could alter global supply dynamics [5] - Citgo refineries are specifically designed for heavy crude processing, suggesting that this shift may complicate global supply flows in the near future [5]

Core Viewpoint - Oil prices have surged due to escalating tensions regarding Iran, which is impacting equity markets and driving safe-haven assets to record levels [1] Group 1: Oil Market Impact - Fresh tensions over Iran have led to a significant increase in oil prices, indicating heightened geopolitical risks [1] - The rise in oil prices is contributing to volatility in equity markets, as investors react to the uncertainty [1] Group 2: Safe-Haven Assets - The current situation is fueling demand for safe-haven assets, which are reaching new highs as investors seek stability amid market fluctuations [1]

HOUSTON--(BUSINESS WIRE)--Oil States International, Inc. (NYSE: OIS) announced today that it has entered into an amended and restated credit agreement (the "Cash Flow Credit Agreement†) which provides for total commitments of $125 million, consisting of a $75 million revolving credit facility and a $50 million multi-draw term loan facility, which will be available to draw through July 28, 2026. Wells Fargo Bank, National Association ("Wells Fargo†) is the administrative agent for the Cash Flow Credit Ag ...

CALGARY, Alberta, Jan. 28, 2026 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (TSX: NVA) ("NuVista") and Ovintiv Inc. (NYSE, TSX: OVV) ("Ovintiv") are pleased to announce that the Government of Canada has approved the previously announced proposed acquisition of NuVista by Ovintiv, through its wholly owned subsidiary Ovintiv Canada ULC (the "Transaction"), in accordance with the terms of the Investment Canada Act. The Transaction previously received clearance under the Competition Act (Canada) and the Court of Ki ...