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Energy 4 January 2026 - 7 January 2026

Phillips 66 buys UK Lindsey oil refinery assets — but says it won’t reopen the plant

Phillips 66 buys UK Lindsey oil refinery assets — but says it won’t reopen the plant

Phillips 66 Limited will acquire assets from the closed Lindsey Oil Refinery and integrate key facilities into its Humber Refinery, keeping Lindsey offline as a crude-processing site. The Insolvency Service named Phillips 66 as the successful bidder, with the sale subject to regulatory approval. Lindsey, shuttered since July, once produced 10% of UK fuel. The company has not disclosed the sale price or long-term job plans.
7 January 2026
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Octopus Energy’s Kraken lands $1bn funding round as spinout plans sharpen

Octopus Energy’s Kraken lands $1bn funding round as spinout plans sharpen

Ontario Teachers’ Pension Plan led a $1 billion funding round for Octopus Energy’s Kraken software unit, valuing it at $8.65 billion. Origin Energy will invest $140 million and keep a 22.7% stake. Octopus will retain 13.7% of Kraken after the planned separation, targeted for mid-2026 pending regulatory approval. Kraken serves over 70 million accounts and reported contracted annual revenue above $500 million.
7 January 2026
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Natural gas price ETF UNG slides as Henry Hub futures extend losses on warm-weather outlook

Natural gas price ETF UNG slides as Henry Hub futures extend losses on warm-weather outlook

Shares of the United States Natural Gas Fund fell 4.5% to $11.11 Tuesday as U.S. natural gas futures dropped 2.7% to $3.429/mmBtu amid forecasts for unusually warm weather. Record temperatures are expected across the central and eastern U.S. this week. Gas-linked stocks including EQT, Antero, and Range Resources also declined. Traders await the U.S. natural gas storage report on Thursday for further direction.
6 January 2026
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Natural gas price stock UNG drops again in premarket as warm-weather forecast weighs on futures

Natural gas price stock UNG drops again in premarket as warm-weather forecast weighs on futures

United States Natural Gas Fund dropped 2.2% to $11.37 in premarket trading Tuesday as U.S. natural gas futures fell 2.7% to $3.427 per mmBtu. The decline follows warmer-than-normal weather forecasts and a 3.6% loss for UNG on Monday. Traders await the U.S. storage report due Jan. 8. Supply remains high, with output averaging 109.2 bcfd so far in January.
6 January 2026
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SSE shares edge up in London after SSEN flags January flexibility auction

SSE shares edge up in London after SSEN flags January flexibility auction

SSE Plc shares rose 0.7% to 2,271 pence in London by 1007 GMT, following news that its SSEN Distribution unit will launch a long-term flexibility auction on Jan. 12, seeking 46 megawatts. The stock traded between 2,249 and 2,277 pence. Investors are watching grid upgrades and regulatory developments as Britain’s electricity networks expand. SSE’s interim dividend is due Jan. 30.
6 January 2026
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ConocoPhillips stock climbs on Venezuela oil shake-up; $10 billion claims back in focus

ConocoPhillips stock climbs on Venezuela oil shake-up; $10 billion claims back in focus

ConocoPhillips shares closed up 2.6% at $99.20 Monday as energy stocks rallied after President Trump said the U.S. would keep its embargo on Venezuelan oil exports. J.P. Morgan analysts estimate ConocoPhillips’ outstanding Venezuela claims near $10 billion. Brent crude settled up $1.01 at $61.76 a barrel. Traders await U.S. oil inventory data and talks between officials and oil executives later this week.
6 January 2026
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Dow jumps as Venezuela shock powers energy rally; jobs report looms

Dow jumps as Venezuela shock powers energy rally; jobs report looms

The Dow Jones Industrial Average jumped about 520 points, or 1.1%, to 48,903 Monday morning after U.S. forces captured Venezuela’s President Nicolás Maduro. Chevron shares climbed, leading energy stocks higher, while technology shares steadied. The S&P 500 rose 0.6% and the Nasdaq gained 0.7%. Traders are focused on the Jan. 9 U.S. jobs report and upcoming corporate earnings.
5 January 2026
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Trump’s Venezuela Oil Move Sends Chevron, Refiners Jumping as Crude Holds Steady

Trump’s Venezuela Oil Move Sends Chevron, Refiners Jumping as Crude Holds Steady

U.S. energy stocks jumped in pre-market trading Monday after President Trump vowed to unlock Venezuela’s oil reserves following the capture of Nicolás Maduro. Chevron rose about 7%, with Exxon Mobil and Halliburton also gaining. Oil prices edged up less than 1% as U.S. sanctions and OPEC+ output policy remained unchanged. Tankers carrying Venezuelan crude have left in “dark mode” to avoid detection, industry sources said.
5 January 2026
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Do We Need More Pylons? Countryfile reignites Britain’s grid upgrade fight as protests grow

Do We Need More Pylons? Countryfile reignites Britain’s grid upgrade fight as protests grow

BBC “Countryfile” presenter John Craven warned Friday that Britain may need thousands more electricity pylons as grid operators expand transmission for renewables. Campaigners are protesting routes in regions like East Anglia and the Scottish Highlands, urging cables be buried or moved offshore. National Grid and SSEN Transmission are advancing major projects despite local opposition.
4 January 2026
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ExxonMobil stock in focus after U.S. strike on Venezuela as Trump flags “billions” oil rebuild

ExxonMobil stock in focus after U.S. strike on Venezuela as Trump flags “billions” oil rebuild

Exxon Mobil will be in focus when U.S. markets reopen after President Trump said Exxon and other oil majors would spend billions to rebuild Venezuela’s oil sector following the capture of President Nicolas Maduro. Trump confirmed the U.S. oil embargo remains and that American troops will stay until demands are met. Exxon shares closed up 1.9% at $122.65 on Friday. Venezuelan oil shipments have halved since December due to U.S. actions.
4 January 2026
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