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Energy News 17 January 2026 - 21 January 2026

Tengiz shutdown drags on: Chevron-led Kazakhstan oilfield seen offline for 7–10 more days

Tengiz shutdown drags on: Chevron-led Kazakhstan oilfield seen offline for 7–10 more days

Kazakhstan’s Tengiz and Korolev oilfields have been offline since Jan. 18 after power failures, halting production and forcing the cancellation of at least five CPC Blend export cargoes. Industry sources say Tengiz may remain shut for another week or more. Other fields have raised output, but further cuts to CPC pipeline throughput are possible if repairs drag on. No injuries were reported after two fires at a power plant supplying Tengiz.
21 January 2026
Adani Power wins key tribunal nod for Rs 4,000 crore Vidarbha plant takeover

Adani Power wins key tribunal nod for Rs 4,000 crore Vidarbha plant takeover

India’s insolvency appellate tribunal approved Adani Power’s Rs 4,000 crore resolution plan for Vidarbha Industries Power, dismissing appeals from Western Coalfields and an employee representative. The tribunal upheld the payout structure but ordered full payment of provident fund and gratuity dues. The decision removes a key obstacle to Adani’s acquisition of the 600 MW Maharashtra plant. Court documents show creditor approval was secured in February 2025.
Chevron stock steadies near $166 as Turkey exploration talks surface and Tengiz outage drags on

Chevron stock steadies near $166 as Turkey exploration talks surface and Tengiz outage drags on

Chevron shares were little changed Tuesday after reports of talks with Turkey’s state oil firm on joint exploration. Production at Kazakhstan’s Tengiz oilfield, where Chevron is the largest shareholder, could remain offline for up to 10 days after a shutdown Sunday. Brent crude rose 1.5% on supply concerns. Chevron will report quarterly earnings January 30.
20 January 2026
Natural gas price jumps more than 20% as Arctic cold heads for U.S. — what to watch next

Natural gas price jumps more than 20% as Arctic cold heads for U.S. — what to watch next

U.S. natural gas futures soared over 20% Tuesday, with the front-month Henry Hub contract closing at $3.792 per mmBtu, as forecasts warned of Arctic air and a major winter storm in the Midwest and Northeast. The U.S. Weather Prediction Center expects temperatures 15 to 25 degrees below average. Traders are watching Thursday’s EIA storage report for signs of increased withdrawals. U.S. gas storage remains 106 Bcf above the five-year average.
Energy stocks face Tuesday test as oil steadies and geopolitics shifts

Energy stocks face Tuesday test as oil steadies and geopolitics shifts

U.S. energy shares will reopen Tuesday after a holiday pause, with crude prices steady and Brent near $64 a barrel. The S&P 500 Energy sector ended last week up 0.21%, outpacing the broader market in 2026. Traders await U.S. petroleum inventory data Thursday and monitor U.S.-Europe tensions over Greenland. Markets watch for any break in oil’s tight price range at Tuesday’s open.
Shell stock set for Monday spotlight after Reuters report flags LNG Canada stake-sale talks

Shell stock set for Monday spotlight after Reuters report flags LNG Canada stake-sale talks

Shell shares closed up 0.2% in London and U.S. ADRs rose 1.1% after Reuters reported the company may sell part of its 40% stake in LNG Canada. Shell repurchased over 1.1 million shares Friday as buybacks continued. Brent crude settled at $64.13 a barrel, up 0.6%. Investors are watching for confirmation of any LNG Canada sale ahead of Shell’s upcoming earnings report.
Energy stocks set for a choppy week as oil steadies and Venezuela supply talk builds

Energy stocks set for a choppy week as oil steadies and Venezuela supply talk builds

U.S. energy stocks ended Friday mixed as Brent crude rose 0.6% to $64.13 and WTI gained 0.4% to $59.44. Chevron’s Venezuela license talks resurfaced, with the U.S. government seeking to expand terms. The Department of Energy denied plans to use Venezuelan oil for the Strategic Petroleum Reserve. Exxon added 0.6%, Chevron edged up, and ConocoPhillips slipped 0.8%.
Azerbaijan Starts Gas Deliveries to Germany and Austria, Adding Two New European Markets

Azerbaijan Starts Gas Deliveries to Germany and Austria, Adding Two New European Markets

Azerbaijan’s SOCAR has begun supplying natural gas to Germany and Austria via the Trans Adriatic Pipeline, the company said Friday. SOCAR’s deal with Germany’s SEFE targets 1.5 bcm annually; Austria may receive up to 1 bcm. TAP’s capacity rose by 1.2 bcm this year. Azerbaijani gas exports to Europe reached 12.8 bcm in 2025, according to the energy ministry.
NuScale stock jumps into the weekend as White House power-auction push hits the tape

NuScale stock jumps into the weekend as White House power-auction push hits the tape

NuScale Power shares closed up 6.8% at $20.19 Friday, trading over 34 million shares. The White House pressed PJM Interconnection to hold an emergency power auction as data center demand strains the grid. Policy moves jolted energy stocks, with GE Vernova rising but Constellation and Vistra falling. NuScale unitholders may swap Class B for Class A shares, with the next exchange notice due Jan. 20.
Denison Mines stock jumps nearly 4% as uranium hits $85 — what DNN investors watch next

Denison Mines stock jumps nearly 4% as uranium hits $85 — what DNN investors watch next

Denison Mines shares closed up nearly 4% at $3.69 Friday as uranium futures rose to $85.25 per pound. Trading volume reached about 68.6 million shares. The company awaits a federal decision on permits for its Phoenix project in Saskatchewan after announcing grid power reached the site. U.S. markets will be closed Monday for Martin Luther King Jr. Day.
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Stock Market Today

Corning stock price hits record close — what’s driving GLW and the next big test

Corning stock price hits record close — what’s driving GLW and the next big test

7 February 2026
Corning shares jumped 8.3% to a record $122.16 Friday, gaining 11% over two sessions amid strong demand for AI infrastructure stocks. The move follows a $6 billion optical fiber deal with Meta and upgraded company forecasts. Shares traded as high as $122.56 and rose 0.6% after hours. COO Avery Nelson sold 1,894 shares for tax withholding, retaining 66,050.
PepsiCo stock: €2.5 billion bond deal lands as investors size up the price-cut gamble

PepsiCo stock: €2.5 billion bond deal lands as investors size up the price-cut gamble

7 February 2026
PepsiCo priced €2.5 billion in euro notes across four maturities, with settlement set for Feb. 11, according to an SEC filing. The company plans to use proceeds for general corporate purposes, including repaying commercial paper. Shares closed at $170.49 Friday, up 1.8%. PepsiCo is also cutting U.S. snack prices by up to 15% after consumer pushback.
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