IEA lowers its oil demand growth forecast for 2026
The agency estimates growth of only 850,000 barrels per day driven by developing economies.
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New OFAC licenses enable oil investment in Venezuela
Washington authorizes contingent contracts and energy operations under strict conditions.
Russia to send Russian oil to Cuba in the midst of energy crisis
The Russian government will send oil and petroleum products to Cuba as humanitarian aid in the face of fuel shortages on the island.
U.S. eases sanctions and authorizes services to Venezuelan oil sector
Authorize energy transactions with PDVSA under specific legal conditions.
TotalEnergies assumes operational control of the Zeeland refinery
The French oil company fully manages the plant, while Lukoil retains its 45% in the expectation of selling it.
Chris Wright visits Venezuela for the recovery of the oil industry
The U.S. Secretary of Energy leads the first high-level energy rapprochement in decades to reactivate the Venezuelan oil industry.
IPC reports strong 2025 results and accelerates development of Blackrod project
The company expects to start production at Blackrod Phase 1 in the third quarter of 2026, one quarter ahead of schedule.
Shell faces sharp drop in reserves and needs key agreements
The British oil company has less than eight years of reserve life and will have to resort to acquisitions or exploratory finds to sustain its production.
Pemex awards energy contract to Carlos Slim’s company
Pemex formalizes a new contract under a mixed model with a participation of at least 40%, aiming to produce 27.5 million barrels in the Macavil field.
India reactivates Venezuelan oil imports after easing of sanctions
India makes its first purchase of Venezuelan crude oil in almost a year, marking a new turn in its energy strategy in the face of U.S. pressure.
Oil prices fall after signs of prolonged negotiations between Iran and the US.
Crude oil rallied briefly followed by a decline on signs of prolonged negotiations.
Artificial intelligence is driving a new energy battle in 2026
AI accelerates global energy demand while redefining industrial and policy priorities in the U.S. and around the world.