Saturday, February 7, 2026
Chevron continues U.S. deliveries of Venezuelan crude despite maritime blockade- oil and gas 360

Chevron continues U.S. deliveries of Venezuelan crude despite maritime blockade

(World Oil)– At least two vessels chartered by Chevron Corp. that picked up oil from Venezuela since the Trump administration launched a partial maritime blockade have successfully unloaded cargoes at U.S. ports, according to data reviewed by Bloomberg. Chevron, which holds a U.S. license to drill and export oil from the sanctioned country, has finished discharging a cargo from the

Morgan Stanley expects natural gas prices to hit $5 in 2026- oil and gas 360

Morgan Stanley expects natural gas prices to hit $5 in 2026

(Investing.com) – Natural gas prices could surge to $5 per million British thermal units in 2026 as demand rises and supply remains constrained, Morgan Stanley said in a new report assessing winter market scenarios. The bank forecast that U.S. gas storage levels will exit October at around 3.97 trillion cubic feet, roughly 5% above normal, but expects inventories to tighten sharply in the

Oil prices head for weekly loss as market awaits November supply news- oil and gas 360

Oil prices head for weekly loss as market awaits November supply news

(Investing.com)– Oil prices were stable on Friday but were still headed for a weekly loss of about 7-8% after news of potential increases to OPEC+ supply. Brent crude futures were up 29 cents, or 0.5%, at $64.40 a barrel by 1311 GMT. U.S. West Texas Intermediate crude was up 27 cents, or 0.5%, at $60.75. For the week, Brent was trading

What’s the real reason behind OPEC+’s surprise oil production boost?- oil and gas 360

What’s the real reason behind OPEC+’s surprise oil production boost?

(Oil Price)-OPEC+’s decision last week to increase its collective oil production has surprised many, given the soft outlook for oil prices for the remainder of this year and into next. It is true that the 137,000 barrels per day (bpd) rise from October is much lower than the 411,000 bpd and 555,000 bpd respective increases for the June and July