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$35.64
-2.25 (-5.94%)
At Close: Jun 05, 2026
Oil Rises Amid Iran Tensions
08:19pm, Wednesday, 28'th Jan 2026
Oil rose in the morning Asian session amid tensions over Iran.
Citi expects oil prices to stay elevated despite oversupply risks
05:37pm, Wednesday, 28'th Jan 2026
Citi said on Wednesday that oil prices may stay elevated due to rising geopolitical risks, U.S. restrictions on Russian oil purchases and continued Chinese buying, even as markets entered the year exp
Exclusive: Citgo buys first Venezuelan oil cargo since ending ties with Venezuelan parent in 2019, sources say
04:18pm, Wednesday, 28'th Jan 2026
U.S. refiner Citgo Petroleum has bought Venezuelan crude oil for the first time since it severed ties with its parent, state-run oil firm Petroleos de Venezuela SA, in early 2019, two sources familiar
Petrobras renews oil deals with Indian refiners worth more than $3.1 bln
01:26pm, Wednesday, 28'th Jan 2026
Brazil's state-run oil firm Petrobras said on Wednesday it has expanded and renewed oil sales contracts with Indian state-owned oil refiners.
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Highs As Crude Inventories Drop
01:16pm, Wednesday, 28'th Jan 2026
Oil traders remain bullish amid U.S. – Iran tensions.
Can Venezuela get back to producing three million barrels of crude oil a day?
01:12pm, Wednesday, 28'th Jan 2026
Venezuela will need massive foreign investment and years of infrastructure rebuilding to lift daily crude oil output from about 800,000 barrels per day to its former peak of roughly three million. Que
House Democrats warn oil companies of risks of Venezuela transactions
12:49pm, Wednesday, 28'th Jan 2026
A dozen House Democrats on Wednesday sent a letter to 21 companies who attended a Jan. 9 White House meeting about developing Venezuelan oil resources, warning them that any transaction or investment
Oil hits 4-month high as Trump renews Iran threats, but crude's momentum may be fleeting
12:19pm, Wednesday, 28'th Jan 2026
President Donald Trump ratcheted up pressure on Iran Wednesday, warning that a “massive armada” was headed to the Middle Eastern country and that time was running out for Tehran to reach a nuclear
U.S. Crude Oil Stockpiles Post Weekly Decline as Imports Fall
11:16am, Wednesday, 28'th Jan 2026
Commercial crude oil stocks decreased by 2.3 million barrels and were about 3% below the five-year average for the time of year, said the Energy Information Administration.
Chevron to boost exports of Venezuelan oil to US in March, sources say
11:06am, Wednesday, 28'th Jan 2026
Oil producer Chevron is set to boost exports of Venezuelan crude to the U.S. to some 300,000 barrels per day (bpd) in March, from 100,000 bpd in December and some 230,000 bpd so far this month, two so
Nigerian key crude oil loadings to fall in March, programmes show
10:53am, Wednesday, 28'th Jan 2026
Exports of four key Nigerian crude oil grades are scheduled at 793,000 barrels per day in March, preliminary loading programmes seen by Reuters show.
Oil prices rise after Trump says a 'massive Armada is heading to Iran'
10:34am, Wednesday, 28'th Jan 2026
U.S. Central Command said Monday that the Abraham Lincoln Carrier Strike Group had arrived in the Middle East.
Oil News: Crude Oil Outlook Points to $64.75-$66.49 as Production Risks Rise
10:27am, Wednesday, 28'th Jan 2026
WTI crude oil rallies above $62.20 targeting $64.75-$66.49. Winter storm disrupts production.
Crude Oil Price Analysis – Is Oil About to Make a Run?
09:42am, Wednesday, 28'th Jan 2026
The crude oil market is a little bit positive early during the trading session on Wednesday as investors are starting to see geopolitical and USD-related tailwinds as a real possibility.
Afreximbank announces $1.75 billion facility for Angola's national oil company Sonangol
08:54am, Wednesday, 28'th Jan 2026
The African Export-Import Bank (Afreximbank) on Wednesday announced a $1.75 billion facility for Angola's national oil company Sonangol.
