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  • U.S. Considers Sanctions Relief to Revive Venezuela’s Oil Output January 28, 2026
    The U.S. federal government is discussing the removal of some sanctions on Venezuela’s oil industry to make it easier for U.S. companies to boost Venezuela’s oil production under a deal worth $2 billion announced by President Trump earlier this month after the ousting of President Nicolas Maduro. According to unnamed sources who spoke to Reuters, […]
  • Eastern Mediterranean Gas Balance Shifts as Israel Ramps Up Production January 28, 2026
    Israel is set to achieve record natural gas production in 2026, with expansion projects in the Leviathan and Tamar fields expected to push total output above 3 billion cubic feet per day (cfd) for the first time ever. According to the experts, the Chevron (NYSE:CVX) operated fields are expected to add a combined 600 million […]
  • Oil Supertanker Markets Stay Red-Hot as Sanctions and Rerouting Bite January 28, 2026
    Oil tanker rates are soaring this year, picking up where they left off 2025—multi-year highs amid growing supply, longer routes, and disruptions due to sanctions and altered shipping lanes.    At the end of 2025, the global supertanker market tightened as crude supply from the OPEC+ group and the Americas rose, and vessels were making […]
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