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NYSE:SLB 5 January 2026 - 24 January 2026

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Oil stocks brace for Tuesday as Brent holds near $64 and tariff jitters cloud demand

Oil stocks brace for Tuesday as Brent holds near $64 and tariff jitters cloud demand

Oil stocks reopened Tuesday with crude clinging near $64 a barrel after supply worries tied to Iran faded and traders shifted focus to the U.S.-Europe spat over Greenland. Brent inched up a penny to $64.14 a barrel, while U.S. West Texas Intermediate added 7 cents, landing at $59.51. “The market is now focusing on the Greenland situation … any trade war expansion could impact demand,” said Janiv Shah, analyst at Rystad Energy. Phil Flynn of Price Futures Group described the scene as a market “locked in by competing bullish and bearish forces” that might push prices into “sideways trade.”
19 January 2026
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Oil stocks brace for holiday week as Chevron Venezuela license and $60 oil collide

Oil stocks brace for holiday week as Chevron Venezuela license and $60 oil collide

Chevron will be in focus during the next U.S. session after Energy Secretary Chris Wright revealed that Washington is rushing to expand the company’s Venezuela license. The update would allow Chevron to pay the Venezuelan government in cash and sell all the oil it produces there. “So they become immediately, another marketer of crude as well,” Wright explained. Chevron shares closed Friday nearly flat, up 0.1% at $166.26.
18 January 2026
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Oil stocks brace for Monday as Bessent hints Venezuela sanctions relief; Chevron, Exxon in focus

Oil stocks brace for Monday as Bessent hints Venezuela sanctions relief; Chevron, Exxon in focus

U.S. oil inventories enter the new week with renewed focus on Washington’s timeline for Venezuela. Treasury Secretary Scott Bessent indicated more sanctions could be eased “as soon as next week” to boost oil exports. He mentioned Treasury is considering adjustments to allow proceeds from Venezuela’s oil—mostly stored on ships—to flow back into the country. Bessent also said he plans meetings next week with IMF and World Bank leaders.
11 January 2026
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Oil stocks brace for Monday after Trump’s Venezuela push; Exxon calls it “uninvestable”

Oil stocks brace for Monday after Trump’s Venezuela push; Exxon calls it “uninvestable”

U.S. oil stocks showed mixed moves heading into the weekend after executives told President Donald Trump they’d consider returning to Venezuela only if new legal and security assurances are in place. Exxon Mobil rose 1.4%, Chevron climbed 1.8%, while ConocoPhillips dropped 1.2%. Oilfield services players SLB and Halliburton gained roughly 1.8% and 1.4%, respectively. Exxon CEO Darren Woods labeled Venezuela “uninvestable” under current conditions. Chevron Vice Chairman Mark Nelson said the firm could potentially double liftings and boost production by about 50% within 18 to 24 months.
10 January 2026
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