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Energy News News 2 January 2026 - 8 January 2026

Chevron stock (CVX) slips after hours as Lukoil bid talk swirls and Venezuela oil deal drags crude

Chevron stock (CVX) slips after hours as Lukoil bid talk swirls and Venezuela oil deal drags crude

New York, January 7, 2026, 18:01 EST — After-hours Chevron Corp shares slipped in after-hours trade on Wednesday after a report said the oil major could team up with private equity group Quantum Energy Partners to bid for Lukoil’s international assets, valued by the Russian producer at $22 billion. The stock was down 0.8% at $155.20. A Chevron spokesperson said the company “continues to assess potential opportunities,” but declined to comment on commercial matters. Reuters The possible deal lands as oil prices retreat and investors brace for a looser supply picture. Brent settled down 1.2% at $59.96 a barrel and
8 January 2026
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Oil prices slide today on Trump’s Venezuela crude deal as inventories loom

Oil prices slide today on Trump’s Venezuela crude deal as inventories loom

London, Jan 7, 2026, 10:50 GMT — Regular session Oil prices fell on Wednesday after U.S. President Donald Trump said the United States had reached a deal to import up to $2 billion worth of Venezuelan crude, a move traders read as adding supply into a market already wrestling with a glut narrative. Brent crude futures fell 35 cents, or 0.6%, to $60.35 a barrel by 0928 GMT, while U.S. West Texas Intermediate crude fell 52 cents, or 0.9%, to $56.61. Both benchmarks extended declines of more than $1 from the previous session. Reuters The Venezuela headline lands as investors
7 January 2026
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Halliburton stock pops nearly 5% premarket as Trump’s Venezuela move jolts oilfield services

Halliburton stock pops nearly 5% premarket as Trump’s Venezuela move jolts oilfield services

NEW YORK, Jan 5, 2026, 09:27 (ET) Halliburton shares jumped about 4.7% to $29.60 in premarket trading on Monday, extending a rally across oilfield-services names after U.S. President Donald Trump signaled a push to reopen Venezuela’s oil industry. Source The spike matters because a Venezuelan oil rebuild, if it proceeds, would require the drilling, pumping and well-completion work that service firms sell — and it would arrive as investors reset expectations for 2026 upstream spending. It also drops into a market that has been short on clear catalysts for oilfield services, where growth has increasingly depended on large international projects
5 January 2026
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Oil prices today: Brent, WTI slip as Venezuela upheaval collides with ample supply

Oil prices today: Brent, WTI slip as Venezuela upheaval collides with ample supply

NEW YORK, Jan 5, 2026, 02:53 ET — Market closed Oil prices eased in early trading on Monday, with the market looking past Venezuela’s political upheaval and back to the weight of global supply. Brent crude futures were down 0.4% at $60.54 a barrel by 0452 GMT, while U.S. West Texas Intermediate (WTI) crude fell 0.5% to $57.04.  Reuters The pullback lands as crude starts 2026 on the defensive after last year’s steep decline, leaving traders quick to fade geopolitical risk unless barrels are immediately at risk. OPEC+ — the Organization of the Petroleum Exporting Countries plus allies including Russia
5 January 2026
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Exxon stock today: Venezuela shake-up and OPEC+ decision put XOM in focus for Monday

Exxon stock today: Venezuela shake-up and OPEC+ decision put XOM in focus for Monday

NEW YORK, Jan 4, 2026, 11:36 ET — Market closed Exxon Mobil Corp shares will be in focus when U.S. markets reopen on Monday after President Donald Trump said American oil companies were ready to spend billions of dollars to revive Venezuela’s oil infrastructure following the capture and removal of President Nicolas Maduro. Chevron is the only U.S. major currently operating in Venezuela, while Exxon and ConocoPhillips exited after projects were nationalized nearly two decades ago. “There are still many questions that need to be answered about the state of the Venezuelan oil industry, but it is clear that it
4 January 2026
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Chevron stock in spotlight after U.S. strike in Venezuela captures Maduro, oil embargo in focus

Chevron stock in spotlight after U.S. strike in Venezuela captures Maduro, oil embargo in focus

NEW YORK, Jan 4, 2026, 08:36 ET — Market closed Chevron shares will be in focus when U.S. trading resumes on Monday after Washington launched strikes in Venezuela on Saturday and captured President Nicolás Maduro, sharpening questions over sanctions and crude flows. ( Reuters) The stock last closed up 2.29% at $155.90 on Friday, before the weekend operation, leaving investors to price the fallout when markets reopen. ( Yahoo Finance) Why it matters now: Chevron is the only U.S. oil major still operating in Venezuela, and its joint ventures depend on U.S. authorizations and on-the-ground security. Any shift in U.S.
4 January 2026
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Valero stock set for Venezuela test as U.S. attack triggers oil embargoValeroValero stock set for Venezuela test as U.S. attack triggers oil embargo

Valero stock set for Venezuela test as U.S. attack triggers oil embargoValeroValero stock set for Venezuela test as U.S. attack triggers oil embargo

NEW YORK, January 3, 2026, 6:30 PM ET — Market closed Valero Energy Corp shares will be in focus when U.S. markets reopen on Monday after the United States attacked Venezuela and captured President Nicolas Maduro on Saturday, U.S. President Donald Trump said. The move matters for Valero because Washington’s action has tightened the screws on Venezuela’s oil flows, a source of heavy crude used by U.S. Gulf Coast refineries. Venezuela’s oil exports are now paralyzed, with port captains not authorizing loaded tankers to depart, four sources close to operations said. With the market closed for the weekend, Valero (VLO)
4 January 2026
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ConocoPhillips stock jumps 3.3% as oil steadies; Venezuela and OPEC+ headlines are next

ConocoPhillips stock jumps 3.3% as oil steadies; Venezuela and OPEC+ headlines are next

NEW YORK, January 3, 2026, 16:55 ET — Market closed ConocoPhillips (COP) shares rose 3.3% to close at $96.70 on Friday, after trading between $93.13 and $96.94. About 7.0 million shares changed hands. Yahoo Finance The rally put the Houston-based producer back within range of the $100 level as investors reopened positions after the New Year holiday. For oil-focused producers, shifts in crude prices and policy headlines can drive outsized moves in equities. That sensitivity matters now as the market weighs a potentially well-supplied oil balance against flashpoints that can disrupt supply. The U.S. Energy Information Administration forecast Brent would
3 January 2026
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Oil prices on alert after U.S. strikes Venezuela, PDVSA says output intact

Oil prices on alert after U.S. strikes Venezuela, PDVSA says output intact

NEW YORK, Jan 3, 2026, 12:54 ET — Market closed Oil traders are bracing for the next crude-futures open after U.S. forces struck Venezuela and captured President Nicolas Maduro, while state company PDVSA said production and refining were operating normally. Two people familiar with PDVSA operations said the attack did not damage oil facilities, though the port of La Guaira near Caracas was badly hit. A U.S. tanker blockade announced in December and the seizure of two Venezuelan crude cargoes already pushed exports to roughly half their November pace, according to monitoring data and internal documents. Reuters The Venezuela shock
3 January 2026
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Exxon stock faces a Monday test after U.S. strikes Venezuela — what oil traders watch next

Exxon stock faces a Monday test after U.S. strikes Venezuela — what oil traders watch next

NEW YORK, January 3, 2026, 12:47 ET — Market closed Exxon Mobil’s stock is poised for an oil-led repricing when U.S. markets reopen after President Donald Trump said the United States attacked Venezuela and captured President Nicolas Maduro in an overnight operation.  Reuters Why this matters now: for Exxon and its peers, crude prices are still the biggest near-term swing factor, feeding through to upstream profits and cash returns. A sudden shift in Venezuelan supply expectations can ripple quickly across energy equities. The market is closed, so Exxon investors cannot trade on Saturday’s headlines. The first clean read is likely
3 January 2026
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Venezuela oil: PDVSA seen operating normally after U.S. strikes as sanctions choke exports

Venezuela oil: PDVSA seen operating normally after U.S. strikes as sanctions choke exports

HOUSTON, Jan 3, 2026, 06:31 ET Venezuela’s state-run oil company Petroleos de Venezuela (PDVSA) kept production and refining running normally on Saturday after U.S. attacks aimed at extracting President Nicolas Maduro, two sources familiar with the company’s operations said. An initial assessment found no damage at its most important facilities. The port of La Guaira near Caracas suffered severe damage but is not used for oil operations, one of the sources said.  Reuters The strikes raised fresh uncertainty around Venezuelan crude and fuel flows, with traders watching for any disruption at export infrastructure after weeks of tightening U.S. enforcement. U.S.
3 January 2026
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Transocean stock hovers near $4 after oil’s 2025 slide; OPEC+ meeting looms

Transocean stock hovers near $4 after oil’s 2025 slide; OPEC+ meeting looms

NEW YORK, January 1, 2026, 20:47 ET — Market closed Transocean Ltd. shares (RIG) finished the final U.S. trading session of 2025 unchanged at $4.13, as Wall Street took a breather ahead of the New Year’s Day market holiday. The stock’s recent range was $4.11 to $4.21 on about 23 million shares. The flat close matters because Transocean is an offshore drilling contractor, and its customers’ spending plans typically move with oil prices and confidence in longer-term demand. When crude prices weaken, investors tend to reassess how quickly oil companies will sanction new deepwater projects. That reassessment is front-and-center now
2 January 2026
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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