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Industry News from Energy Services

  • January 9th, 2026

Oil advances on concerns about supply disruptions in Venezuela, Iran

Oil prices rose for a second day on Friday, up more than 1% and set for their third weekly gain, on uncertainty about the future of supply from Venezuela and as Iranian unrest increases concerns about output there. ›

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  • January 8th, 2026

Oil prices rise after US inventory draw, Venezuela in focus

Oil prices rose on Thursday after two days of declines, as a larger-than-expected draw in U.S. crude inventories provided some impetus for investors to buy futures while they monitor developments in Venezuela. ›

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  • January 7th, 2026

Oil falls as investors weigh supply outlook, Venezuelan uncertainties

Oil prices fell on Tuesday as the market weighed expectations of ample global supply this year against uncertainty around Venezuelan crude output after the U.S. capture of Nicolas Maduro, the South American country’s leader. ›

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  • January 6th, 2026

Oil falls on ample supply outlook, Venezuelan output prospects

Oil prices fell on Tuesday on expectations of ample global supply amid weak demand, and as the market weighed the prospect of higher Venezuelan crude output following the U.S. capture of President Nicolas Maduro. ›

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  • January 5th, 2026

Oil slips as ample supplies counter upheaval in Venezuela

Oil prices fell on Monday as adequate global supplies offset concerns about supply disruptions due to the U.S. capture of Venezuelan President Nicolas Maduro in an audacious raid over the weekend. ›

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  • January 2nd, 2026

Oil steadies after biggest annual loss since 2020

Oil prices steadied on the first day of trade in 2026 after registering their biggest annual loss since 2020 as investors weighed oversupply concerns against geopolitical risks including the war in Ukraine and Venezuela exports. ›

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