Iranians gather while blocking a street during a protest in Tehran, Iran on January 9, 2026.Crude oil prices rose about 3% on Tuesday, after U.S. President Donald Trump canceled all meetings with Iranian officials and promised protesters that help is on the way. U.S. crude oil rose $1.96, or 3.29%, to $61.46 per barrel by 11:42 a.m. ET. Global benchmark Brent was up $1.99, or 3.12%, to $65.86 per barrel. The Islamic Republic's security forces have cracked down on large-scale demonstrations with hundreds of ...

Venezuela's state oil company has begun reopening some of the wells it and its joint venture partners had shut amid a strict U.S. embargo, as crude exports resume with two shipments departed on Monday... ...

Crude oil exports from Russia to China last month went up by 23% on the previous month, while exports to India declined by 29% on the month, Finnish Centre for Research on Energy and Clean Air said in its latest monthly update on Russia energy exports. Oil exports to China in December drove an 11% increase in total Russian exports, CREA noted in its report, adding that China boosted Russian oil purchases the most in December, with purchases of ESPO specifically hitting the highest in four months. India, ...

At least two supertankers, not under sanctions, were departing Venezuelan waters on Monday carrying crude, according to monitoring service Tankertrackers.com and shipping records from state-run compan... ...

Calgary, Alberta--(Newsfile Corp. - January 12, 2026) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our January dividend of $0.06 per common share will be paid on February 17, 2026 to shareholders of record on January 30, 2026. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes.The Company is also pleased to announce it has exceeded the nameplate capacity (6 ...

Key Takeaways Chevron is ramping up Venezuelan crude exports to unlock up to $700M in annual cash flow.Chevron's edge comes from PDVSA joint ventures, adding output without heavy new capital spending.Exports surged as storage nears capacity, turning Venezuela into a busy hub while sanctions risks remain.Per Reports Chevron Corporation (CVX) could unlock a significant cash flow boost from Venezuela as it ramps up crude exports amid easing logistical constraints and a cautiously permissive U.S. sanctions envi ...

Iran now appears to be next on President Donald Trump's list, after Venezuela and Greenland.The backdrop is a wave of protests in Iran, now in their third week. What began as demonstrations over a sharp jump in inflation has evolved into nationwide, anti-government unrest. More than 500 people have been killed as Iran's government moved aggressively to suppress dissent, according to the U.S.-based Human Rights Activists News Agency.Trump weighed in Friday with a Truth Social post declaring that "the United ...

As tensions continue to flare between the U.S. and Iran, global energy markets remain on edge, bringing the Middle East’s famed Strait of Hormuz back in focus.Crude oil prices have been rallying over the past week, with WTI March futures up 1.47% over the past week, and 0.42% on Sunday night, trading at $59.17 per barrel. Natural gas February futures are similarly trading up 2.30% during the day, at $3.242 per MMBtu, or Metric Million British Thermal Unit.The Strait of Hormuz ShockWedged between the Persian ...

Chevron Corporation (CVX), the sole Western supermajor permitted to pump Venezuelan oil, swung sharply in the markets this week. On Tuesday, Jan. 6, the stock dropped nearly 4.5%, its worst slide since April, just one day after a 5.1% surge tied to the unexpected U.S. capture of Venezuelan President Nicolás Maduro. Chevron currently accounts for roughly 20% of Venezuela’s crude oil production, giving it the clearest strategic position to benefit from any rebuilding of the country’s long-dormant oil indus ...

Group 1 - Major U.S. oil companies are set to invest $100 billion to rebuild Venezuela's energy sector following the capture of Nicolás Maduro [1][4] - The investment aims to enhance Venezuela's oil infrastructure and increase production to unprecedented levels, with the U.S. and Venezuela together holding 55% of the world's oil [2][4] - The U.S. administration will determine which companies can operate in Venezuela, with the expectation that U.S. consumers will benefit from lower gas prices [4][7] Group 2 - Venezuela has agreed to allow the U.S. to refine and sell up to 50 million barrels of its crude oil, which will be an ongoing arrangement [4][8] - The oil will be sold at market price, with proceeds managed by the U.S. President to benefit both Venezuelan and U.S. citizens [10] - Currently, Chevron is the only U.S. oil company operating in Venezuela, while others like ConocoPhillips and ExxonMobil had their assets nationalized [12]