January 20, 2026

ADNOC Gas inks 10-year, $3-billion LNG supply agreement with Hindustan Petroleum

January 20, 2026

(World Oil) – ADNOC Gas has signed a long-term liquefied natural gas sales and purchase agreement with Hindustan Petroleum Corporation Limited, strengthening energy ties between the UAE and India as Asian LNG demand continues to grow. The 10-year agreement is valued at approximately $2.5 billion to $3 billion and covers the supply of 0.5 million tonnes per year of LNG. Deliveries will be

Saudi Aramco expects up to $5 billion gains from AI in 2025

January 20, 2026

(Oil Price) – Saudi oil giant Aramco expects AI and other advanced technology to have helped it achieve in 2025 a technology realized value of between $3 billion and $5 billion, chief executive Amin Nasser said on Tuesday. The world’s biggest oil firm in both production and market capitalization had total realized technology value of $6 billion in the period 2023-2024, the executive

Equatorial Guinea seeks $300 million oil, LNG prepay deals to fund production revival

January 20, 2026

(World Oil) – Equatorial Guinea, OPEC’s smallest member, has turned to commodity trading companies for prepayment deals on oil and liquefied natural gas to help finance a revival of domestic hydrocarbon production. The Central African nation is looking for $300 million in return for deliveries of crude oil and LNG spread over multiple years, according to people familiar with the matter,

Natural gas prices surge 23% on cold shock and short covering

January 20, 2026

(Oil Price) – U.S. natural gas prices surged sharply on Tuesday, posting one of the largest single-day gains seen this winter as the market quickly repriced near-term supply risk. Front-month Henry Hub futures spiked more than 25 percent and briefly traded near $3.90 per million British thermal units. It is a level not seen in weeks. The immediate driver is the weather. Forecast

Trump’s embrace of oil industry is turning into an awkward grip: Bousso

January 20, 2026

(BOE Report) – President Donald Trump has lavished the U.S. oil industry with favourable policies since returning to the White House, but his twin demands for cheap oil and “energy dominance” are increasingly colliding with companies’ bottom lines. Over the past year, the Republican president has rolled out numerous pro-fossil fuel measures and offered strong support for U.S. oil firms

Venezuelan oil reaches Caribbean ports in post-sanctions trade shift

January 20, 2026

(World Oil) – Tankers have begun discharging Venezuelan crude at Caribbean islands, publicly signaling their activity in a move that marks a new trade order after U.S. exerted control over Caracas’ oil industry. Two vessels delivered about 2.5 million barrels of Venezuela’s Merey crude to storage tanks on Saint Lucia and Curacao, staging posts for broader exports, over the weekend, according to

ADNOC Gas inks 10-year, $3-billion LNG supply agreement with Hindustan Petroleum

Saudi Aramco expects up to $5 billion gains from AI in 2025

Equatorial Guinea seeks $300 million oil, LNG prepay deals to fund production revival

Natural gas prices surge 23% on cold shock and short covering

Trump’s embrace of oil industry is turning into an awkward grip: Bousso

Venezuelan oil reaches Caribbean ports in post-sanctions trade shift

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