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Energy News News 22 January 2026 - 28 January 2026

Brent oil price steadies near 4-month high after U.S. storm hits exports; OPEC+ and inventories next

Brent oil price steadies near 4-month high after U.S. storm hits exports; OPEC+ and inventories next

Brent crude fell 39 cents to $67.18 a barrel Wednesday, after storm outages cut U.S. production by up to 2 million barrels per day and disrupted Gulf Coast exports. Kazakhstan’s Tengiz field is restarting after a fire, with officials targeting full output within a week. The U.S. plans to ease some sanctions on Venezuela’s energy sector, potentially increasing heavy crude flows to Gulf Coast refiners. The dollar index remains near four-year lows.
28 January 2026
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Crude oil prices swing after U.S. winter storm; Brent and WTI pull back from four-month highs

Crude oil prices swing after U.S. winter storm; Brent and WTI pull back from four-month highs

Brent crude fell 0.6% to $67.18 a barrel and WTI slipped 0.4% to $62.17, retreating from four-month highs after a U.S. winter storm cut up to 2 million bpd of output. Traders weighed ongoing U.S. supply disruptions against easing export outages from Kazakhstan. U.S. inventory data is due at 15:30 GMT. OPEC+ meets Feb. 1, with expectations for no output hike in March.
28 January 2026
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Exxon Mobil stock price climbs as Gulf Coast freeze tightens oil; BYD tie-up, CCS launch add focus

Exxon Mobil stock price climbs as Gulf Coast freeze tightens oil; BYD tie-up, CCS launch add focus

Exxon Mobil began shutting units at its Baytown, Texas complex due to freezing Gulf Coast weather. Shares rose 1.1% to $136.32 as oil prices climbed. Traders are watching for Exxon’s Jan. 30 earnings and OPEC+ supply talks this weekend. The company also launched commercial carbon capture operations in Louisiana.
27 January 2026
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Brent crude price ticks up as U.S. winter storm hits output, traders eye next supply test

Brent crude price ticks up as U.S. winter storm hits output, traders eye next supply test

A U.S. winter storm cut crude output by up to 2 million barrels per day, disrupting several Gulf Coast refineries. By 10:17 GMT, Brent crude rose 23 cents to $65.82 a barrel, while WTI gained 29 cents to $60.92. Traders await U.S. inventory data due Jan. 28 and OPEC+ talks set for Feb. 1. Kazakhstan prepared to restart output at its largest field.
27 January 2026
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Oil prices hold near two-week highs as winter storm Fern hits U.S. output, Iran risk premium lingers

Oil prices hold near two-week highs as winter storm Fern hits U.S. output, Iran risk premium lingers

Brent crude rose 7 cents to $65.95 a barrel and WTI gained 3 cents to $61.10 on Monday as winter storm Fern disrupted U.S. output and tensions flared between the U.S. and Iran. JPMorgan estimated weather-related losses at 250,000 barrels per day. Kazakhstan’s Tengiz field began a slow restart after a fire. OPEC+ will maintain output cuts through March, with the next policy meeting set for February 1.
26 January 2026
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Brent oil price holds near $66 as winter storm Fern and Iran risks frame the week

Brent oil price holds near $66 as winter storm Fern and Iran risks frame the week

Brent crude rose 7 cents to $65.95 a barrel by 1107 GMT Monday, while WTI added 3 cents to $61.10. Prices climbed after U.S. winter storms and Middle East tensions disrupted supply. Kazakhstan’s Tengiz oilfield began restarting after a shutdown, and its main export route resumed full operations. Iran warned any attack would mean “all-out war.”
26 January 2026
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Gasoline price today: RBOB futures rebound as crude firms, but stock builds loom

Gasoline price today: RBOB futures rebound as crude firms, but stock builds loom

U.S. gasoline inventories rose by 6 million barrels last week, pushing stocks 5% above the five-year average, the EIA reported. February RBOB gasoline futures gained nearly 1% to $1.8346 per gallon in early trading. National average pump prices held steady at $2.85 a gallon, according to AAA. Refineries operated at 93.3% capacity, with production at 8.8 million barrels per day.
23 January 2026
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Brent crude price rebounds toward $65 on Trump Iran warning and Kazakhstan outage

Brent crude price rebounds toward $65 on Trump Iran warning and Kazakhstan outage

Brent crude rose 1.2% to $64.82 a barrel by 1026 GMT Friday after U.S. President Trump warned of an “armada” heading toward Iran and Kazakhstan’s Tengiz oilfield remained shut. Brent had dropped 1.8% the previous session on easing geopolitical tensions and rising U.S. inventories. Kazakhstan’s force majeure on CPC Blend shipments may last 7–10 days. Traders await the U.S. petroleum status report on Jan. 28.
23 January 2026
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Oil prices rebound on Trump Iran “armada” warning as Kazakhstan outage drags on

Oil prices rebound on Trump Iran “armada” warning as Kazakhstan outage drags on

Brent crude rose 1.2% to $64.82 and WTI climbed 1.3% to $60.11 early Friday after President Trump renewed threats against Iran, heightening geopolitical risk. Traders weighed supply fears from a Kazakhstan outage against rising U.S. inventories and weak demand. Oil had dropped 2% Thursday as tensions briefly eased. Chevron’s Tengiz field in Kazakhstan remains offline after a fire.
23 January 2026
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OVO Energy faces £2.7m payout after Warm Home Discount delay — what vulnerable customers get now

OVO Energy faces £2.7m payout after Warm Home Discount delay — what vulnerable customers get now

Ofgem ordered OVO Energy to pay £2,765,200 in compensation after 11,646 customers received Warm Home Discount rebates more than 19 months late. Medically vulnerable customers will get an extra £150, and some prepayment meter users qualify for further payments. Ofgem said OVO missed the deadline due to an internal error. OVO apologised and said affected customers have now received compensation.
22 January 2026
Gasoline price today: RBOB futures slide as traders eye delayed U.S. inventory report and Arctic blast

Gasoline price today: RBOB futures slide as traders eye delayed U.S. inventory report and Arctic blast

NYMEX February RBOB gasoline futures dropped 1.6% to $1.8277 a gallon in early trade Thursday, tracking weaker crude prices. U.S. gasoline inventories rose by 6.21 million barrels last week, according to API data. Traders are watching for possible refinery and production outages as an Arctic blast moves south. The EIA’s weekly supply report is due later Thursday.
22 January 2026
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Stock Market Today

GSK share price set for Monday watch after EU clears Nucala COPD use

GSK share price set for Monday watch after EU clears Nucala COPD use

7 February 2026
GSK shares closed Friday up 0.83% at a 52-week high after the EU approved Nucala for certain uncontrolled COPD patients. Insider filings showed chairman Jonathan Symonds bought 2,500 shares while executive David Redfern sold 100,000. The FTSE 100 rose 0.6%. Broker ratings on GSK remained mixed.
Aye Finance IPO: Rs 454-crore anchor haul follows valuation cut below last round

Aye Finance IPO: Rs 454-crore anchor haul follows valuation cut below last round

7 February 2026
Aye Finance raised Rs 454.5 crore from 19 anchor investors ahead of its Feb 9 IPO, pricing shares at the top of a Rs 122–129 range. The company’s profit fell 40% to Rs 64.3 crore in the six months to September as bad loans rose to 4.85%. The IPO values Aye at about Rs 3,200 crore, below its last private round. Major investors include Nippon Life India and Goldman Sachs funds.
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