Crude oil

Shell flags chemicals and products unit loss, raising doubts over $3.5 B buyback

India's Reliance Industries will consider buying Venezuelan oil

Caracas and Washington have reached a deal this week to export up to $2 B worth of Venezuelan crude, some 30 MMbbl–50 MMbbl, to the United States after U.S. forces captured President Nicolas Maduro on January 3.

Oil and gas facilities: Protect critical operations from the disruptive impacts of lightning

U.S. refiners to benefit from Venezuelan crude oil imports

Verdant Specialty Solutions completes acquisition of Lubrizol’s Elmendorf, Texas (U.S.) manufacturing and R&D assets

The Elmendorf acquisition significantly strengthens Verdant’s position in the oil and gas production chemicals market, expanding its technology offering with the addition of H₂S scavengers, scale inhibitors, corrosion inhibitors, and other specialty oilfield chemicals.

Chinese refiners expected to replace Venezuelan oil with Iranian crude

Caracas and Washington agreed to export up to $2 B worth of Venezuelan crude to the United States, President Donald Trump said on Tuesday, after U.S. forces captured Venezuelan President Nicolas Maduro over the weekend.

VLS Environmental Solutions acquires Merichem's caustic services business

Phillips 66 says two U.S. Gulf Coast refineries can process Venezuelan crude

India's January Russian oil imports may fall sharply as Reliance expects no deliveries

India emerged as the biggest buyer of discounted Russian seaborne crude following the start of the Ukraine war in 2022. The purchases have fueled a backlash from Western nations.

Hungary's Orban says U.S. intervention in Venezuela good for energy markets

U.S. President Donald Trump, Orban's ally, who has exempted Hungary from U.S. sanctions on Russian energy for the 2026 Hungarian election year, has made clear that he wants to share in Venezuela's oil riches.