#oilprice.com. × Kuwait Eyes 4 Million Bpd Oil Production Capacity by 2035 | OilPrice.com. Kuwait plans to raise oil production capacity to 4 million bpd by 2035, leveraging low costs, offshore development, and foreign partnerships to secure its long-term role in global energy markets.
#Feb.05.2026 ×
#oilprice.com. × Russia Shrugs Off India’s Oil Deal With Trump | OilPrice.com. Russia says the new U.S.–India trade deal will not materially threaten its oil exports, arguing that differences in crude quality and India’s refinery needs make large-scale substitution of Russian oil
#Feb.05.2026 ×
#oilprice.com. × Shell Maintains Buybacks Despite Weakest Earnings in Years | OilPrice.com. Shell posted its weakest quarterly earnings in more than four years but maintained aggressive share buybacks and raised its dividend, underscoring its focus on shareholder returns despite a softer macr
#Feb.05.2026 ×
#oilprice.com. × Russia Signals It Will Keep Sending Oil to Cuba Despite U.S. Pressure | OilPrice.com. Russia says it will continue supplying crude oil to Cuba despite U.S. threats aimed at cutting off the island’s energy lifelines.
#Feb.05.2026 ×
#oilprice.com. × Canada Drops 2035 Gasoline Car Ban | OilPrice.com. Canada’s Carney government will drop the planned 2035 ban on internal combustion engine vehicles, replacing it with tighter fuel efficiency standards, generous EV purchase incentives, and new infrastru
#Feb.05.2026 ×
#oilprice.com. × Germany, France, and Italy Lead EU Push to Curb Reliance on China’s Minerals | OilPrice.com. The European Union has tasked Germany, France, and Italy with leading a coordinated effort to stockpile critical minerals, aiming to reduce dependence on China and shield European industry from geopoli
#Feb.04.2026 ×
#oilprice.com. × Phillips 66 Beats Estimates as Refining Margins Rebound From 2024 Lows | OilPrice.com. Phillips 66 beat fourth-quarter earnings expectations as a sharp rebound in U.S. refining margins, high utilization rates, and cheaper crude boosted profitability and cash flow.
#Feb.04.2026 ×
#oilprice.com. × Uniper Shrugs Off Europe’s Growing Reliance on American LNG | OilPrice.com. Uniper argues that Europe’s growing reliance on U.S. LNG is economically rational, even as EU officials push for diversification to reduce geopolitical risk.
#Feb.04.2026 ×
#oilprice.com. × India Weighs Cheap Russian Oil Against Costly U.S. Trade Commitments | OilPrice.com. Deepening discounts on Russia’s Urals crude are failing to entice Indian refiners as a new U.S.-India trade deal complicates purchases of Russian oil.
#Feb.04.2026 ×
#oilprice.com. × Trafigura Calls for a Rethink of LNG Project Funding | OilPrice.com. Rigid bank financing rules that require extensive long-term contracts are slowing LNG project development, according to Trafigura CEO Richard Holtum.
#Feb.04.2026 ×
#oilprice.com. × Eni Expects ‘Very Finely Balanced’ LNG Market This Year | OilPrice.com. Italy’s energy major Eni expects the global LNG market to remain finely balanced in 2026 as Europe races to refill depleted gas storage and Asian demand rebounds, despite forecasts of a looming supply
#Feb.04.2026 ×
#oilprice.com. × U.S. Sends $500 Million in Venezuelan Oil Proceeds to Caracas | OilPrice.com. The United States has transferred $500 million in proceeds from Venezuelan oil sales to an overseas account under a January agreement aimed at stabilizing Venezuela’s economy.
#Feb.04.2026 ×
#oilprice.com. × Equinor Slashes 2026 Buybacks as Low Oil Prices Persist | OilPrice.com. Equinor sharply reduced its planned 2026 share buybacks after narrowly missing fourth-quarter earnings estimates, as lower oil and European gas prices outweighed higher production and record annual out
#Feb.04.2026 ×
#oilprice.com. × Germany Seeks Middle East LNG Deals | OilPrice.com. Germany is seeking liquefied natural gas supply deals with Gulf producers to reduce its heavy dependence on U.S. LNG amid growing geopolitical concerns.
#Feb.04.2026 ×
#oilprice.com. × Trump Administration Greenlights Deepwater Texas Oil Terminal | OilPrice.com. The U.S. government has approved Sentinel Midstream’s Texas GulfLink deepwater oil terminal, a project designed to expand crude export capacity and reinforce Washington’s push for global energy dominan
#Feb.04.2026 ×
#oilprice.com. × US Crude Oil Inventories Take Big Hits In Storm Aftermath | OilPrice.com. The American Petroleum Institute (API) estimated that crude oil inventories in the United States decreased by 11.1 million barrels in the week ending January 30.
#Feb.03.2026 ×
#oilprice.com. × Washington Prepares Broad License to Restart Venezuelan Oil Production | OilPrice.com. Washington is preparing to take another step deeper into Venezuela’s oil sector, with plans to issue a broad license that would allow companies to pump crude in the country for the first time in years.
#Feb.03.2026 ×
#oilprice.com. × Iranian Gunboats Confront U.S.-Flagged Oil Tanker in Strait of Hormuz | OilPrice.com. Iranian gunboats made a pointed move in the Strait of Hormuz this week, approaching a U.S.-flagged oil tanker in what U.S. and British maritime security sources describe as a failed attempt to interfer
#Feb.03.2026 ×
#oilprice.com. × Marathon Petroleum Beats Earnings Expectations as Refining Margins Surge | OilPrice.com. Marathon Petroleum delivered a decisive fourth-quarter earnings beat as sharply higher refining margins and strong utilization rates drove profits well above Wall Street expectations.
#Feb.03.2026 ×
#oilprice.com. × Oil Tanker Rates Soar Amid Shipping Shortages and Middle East Tensions | OilPrice.com. Oil tanker rates on the Middle East–to–China route have surged to their highest level since November as tight vessel supply and lingering U.S.-Iran tensions keep freight markets under pressure.
#Feb.03.2026 ×
#oilprice.com. × Qatar Moves to Reclaim Japan’s LNG Market With Major Jera Deal | OilPrice.com. QatarEnergy is poised to announce a long-term LNG supply deal with Japan’s largest power utility, Jera, potentially reversing years of declining Qatari market share as global gas supply rapidly expands
#Feb.03.2026 ×
#oilprice.com. × Kuwait Seeks Foreign Majors’ Help to Develop Offshore Fields | OilPrice.com. Kuwait is preparing to invite international oil companies and foreign capital to help develop newly discovered offshore oil and gas fields and expand its pipeline network as part of a broader push to b
#Feb.03.2026 ×
#oilprice.com. × Ørsted to Sell European Onshore Business for $1.7 Billion | OilPrice.com. Ørsted is selling its entire European onshore renewables business for $1.7 billion to strengthen its balance sheet after a turbulent period for the offshore wind sector.
#Feb.03.2026 ×
#oilprice.com. × Libya Signals a New Gas Push as Europe Searches for Supply | OilPrice.com. Libya plans to significantly ramp up natural gas production and exploration to expand exports to Europe while courting billions of dollars in new energy investment.
#Feb.03.2026 ×
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