United StatesOil And Gas

Trump has warned Cuba to make a deal as the US moves to halt Venezuelan oil flows and ramps up pressure on Havana.

Donald Trump says the United States could remain involved in Venezuela for years following the removal of Nicolás Maduro.

Northern Technologies International Corporation (NASDAQ:NTIC) reported consolidated net sales of $23.309 million for its fiscal first quarter of 2026, a 9.2% increase from the prior-year period and marking a new quarterly record.

Shell (NYSE:SHEL) signaled a challenging end to 2025, warning that its chemicals business will likely fall below break-even despite maintaining steady output in its core oil and gas segments.

US forces have seized two tankers accused of moving sanctioned Venezuelan oil in global enforcement operations.

Corteva (NYSE:CTVA) and bp (NYSE:BP) announced on Wednesday, January 7, 2026, the formation of Etlas, a 50:50 joint venture aimed at scaling the production of crop-based oil feedstocks.

Russia has moved to protect an oil tanker being tracked by US forces in the North Atlantic.

Mark Carney says Canada’s low-risk oil sector can withstand potential competition from increased Venezuelan production.

Caracas and Washington have agreed to send up to $2 billion worth of Venezuelan crude to U.S. refineries, a move that could reroute supply away from China.

Sunoco LP (NYSE:SUN) issued its 2026 financial guidance on Tuesday, January 6, 2026, projecting a robust leap in earnings following a year of massive consolidation.

The partnership expects full-year adjusted EBITDA to land between $3.1 billion and $3.3 billion, a range that reflects the full integration of the Parkland acquisition and the upcoming close of the TanQuid terminal deal in Europe.

Shares of major US oil companies climbed sharply in premarket trading on Monday after President Donald Trump announced over the weekend that US forces had captured Venezuelan President Nicolás Maduro and his wife, stating that the United States intends to "run" the country temporarily while tapping into its vast crude reserves.

Occidental (NYSE:OXY) announced on Friday, January 2, 2026, the completion of its $9.7 billion cash sale of OxyChem to Berkshire Hathaway (NYSE:BRK.A).

The transaction, first revealed in October 2025, marks the largest divestment in Occidental’s history and effectively ends the company’s half-century tenure as a major player in global commodity chemicals.