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Energy Services News

  • 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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  • December 23rd, 2025

Oil slips as market weighs geopolitical risks against bearish fundamentals

Oil prices slipped on Tuesday as traders weighed geopolitical risks against bearish fundamentals, after the U.S. signaled it might sell the Venezuelan crude it has seized while Ukraine’s attacks on Russian vessels and piers heightened fears of supply disruption. ›

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  • December 22nd, 2025

Oil rises as US ramps up action against Venezuela tankers

Oil prices rose on Monday after officials said the U.S. had intercepted an oil tanker in international waters off the coast of Venezuela, raising fears of supply disruption. ›

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  • December 19th, 2025

Oil poised to close lower for second straight week

Oil prices ticked down on Friday and were set to close lower for a second straight week, as rising prospects of a Russia-Ukraine peace deal offset concerns over supply disruptions from a blockade of Venezuelan oil tankers. ›

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  • December 18th, 2025

Oil prices rise on reports of new US sanctions on Russia, Venezuela blockade

Oil prices rose on Thursday following reports that the U.S. was preparing new sanctions on Russian oil if Moscow does not agree to a Ukraine peace deal, as market participants assessed the supply risks posed by a blockade of Venezuelan oil tankers. ›

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  • December 17th, 2025

Oil jumps 1.5% as Trump’s Venezuela blockade stokes uncertainty

Oil prices rose more than 1% on Wednesday after U.S. President Donald Trump ordered “a total and complete” blockade of all sanctioned oil tankers entering and leaving Venezuela, raising fresh geopolitical tensions at a time of concerns over demand. ›

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  • December 16th, 2025

Oil slips on Russia-Ukraine peace deal talks, weak China data

Oil prices fell on Tuesday, adding to the previous session’s losses, as prospects for a Russia-Ukraine peace deal appeared to strengthen, raising expectations of a potential easing of sanctions. ›

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