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Oil Industry 3 January 2026 - 5 January 2026

Venezuela oil exports hit zero after U.S. strike as PDVSA cuts output; Chevron shipments stall

Venezuela oil exports hit zero after U.S. strike as PDVSA cuts output; Chevron shipments stall

PDVSA has begun cutting crude production as a U.S. oil embargo and tanker blockade leave storage near capacity, with over 17 million barrels stranded on ships, sources said. Brent crude fell 0.4% to $60.54 and WTI dropped 0.5% to $57.04. Chevron’s Venezuela-linked cargoes remain halted. Investors await a U.S. court hearing for Nicolas Maduro and any changes to sanctions policy.
5 January 2026
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Chevron caught in Venezuela oil clamp as PDVSA cuts output under U.S. embargo

Chevron caught in Venezuela oil clamp as PDVSA cuts output under U.S. embargo

Venezuela’s PDVSA has cut crude output as storage fills up following a U.S. export embargo and tanker blockade, sources said. Chevron-chartered ships have not left Venezuelan waters since Thursday, and several loaded vessels remain stuck. The U.S. removed President Nicolás Maduro from Caracas on Saturday, with President Trump announcing the oil embargo is fully enforced. December oil exports fell to about half of November’s 950,000 barrels per day.
4 January 2026
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U.S. seizes Venezuela’s Maduro after strikes, setting up oil and diplomacy fallout

U.S. seizes Venezuela’s Maduro after strikes, setting up oil and diplomacy fallout

U.S. forces captured Venezuelan President Nicolas Maduro and his wife in a raid Saturday, detaining them in New York on drug charges. Venezuela’s government called the move a kidnapping and named Vice President Delcy Rodriguez interim president. Oil exports stalled as tankers remained docked and PDVSA halted some operations. Defense Minister Vladimir Padrino said much of Maduro’s security detail was killed in the operation.
4 January 2026
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Venezuela oil exports freeze after U.S. Maduro raid: PDVSA warns of output cuts

Venezuela oil exports freeze after U.S. Maduro raid: PDVSA warns of output cuts

Venezuela’s PDVSA ordered some joint ventures to cut crude output after U.S. forces captured President Nicolas Maduro, halting exports, sources said Sunday. Oilfields are being shut as storage fills and diluent supplies run low. No tankers have loaded at the main export hub since the raid. PDVSA’s production facilities were not damaged, but its administrative system remains partly offline after a December cyberattack.
4 January 2026
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Exxon Mobil stock: what to watch after U.S. strike on Venezuela and Trump oil-company push

Exxon Mobil stock: what to watch after U.S. strike on Venezuela and Trump oil-company push

Exxon closed up 1.9% Friday as investors prepared for Monday’s reopening after U.S. strikes in Venezuela and the capture of President Maduro. Trump said U.S. oil firms would help rebuild Venezuela’s industry, though Exxon has no current operations there. Brent settled at $60.75 a barrel; OPEC+ kept output policy steady on Sunday. Venezuela’s oil exports were halted Saturday as port captains stopped ship departures.
4 January 2026
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Phillips 66 stock in focus after U.S. strike in Venezuela jolts crude flow outlook

Phillips 66 stock in focus after U.S. strike in Venezuela jolts crude flow outlook

Phillips 66 closed Friday up 1.2% at $130.57, ahead of U.S. forces seizing Venezuelan President Nicolás Maduro in a weekend operation. Venezuela’s oil exports remain stalled under a U.S. blockade, with loaded tankers unable to depart, sources said. Traders are watching for moves in oil futures and refining stocks when markets reopen Monday.
4 January 2026
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Guyana’s oil boom fuels Georgetown makeover and eco-tourism push as university picks new chancellor

Guyana’s oil boom fuels Georgetown makeover and eco-tourism push as university picks new chancellor

Guyana is spending oil revenue on new hotels, roads, and airport upgrades to boost tourism beyond its capital, Georgetown, according to Bloomberg and Travel and Tour World. International hotel chains are entering the market. The University of Guyana named diplomat Sir Ronald Sanders as chancellor, the government said. Local officials warn of risks to rainforests as tourism expands.
4 January 2026
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Phillips 66 stock in focus after U.S. strikes Venezuela and Maduro’s capture raises oil-supply questions

Phillips 66 stock in focus after U.S. strikes Venezuela and Maduro’s capture raises oil-supply questions

U.S. President Donald Trump said American forces captured Venezuelan President Nicolas Maduro on Saturday, paralyzing Venezuela’s oil exports as loaded ships were not cleared to depart, Reuters reported. Phillips 66 shares closed at $130.57 Friday, up 1.19%, with traders set to react to the news when markets reopen Monday. Maduro is expected in Manhattan federal court and the U.N. Security Council will meet over the U.S. action.
4 January 2026
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Chevron stock in focus after U.S. strike captures Venezuela’s Maduro, putting CVX’s Venezuela oil flows under a microscope

Chevron stock in focus after U.S. strike captures Venezuela’s Maduro, putting CVX’s Venezuela oil flows under a microscope

Chevron shares closed up 2.3% at $155.90 on Friday, ahead of a U.S. military strike in Venezuela that captured President Nicolas Maduro. Chevron, the only U.S. oil major still operating in the country, faces halted crude exports as loaded tankers remain stuck in port. U.S. crude settled at $57.32 a barrel. Investors await Monday’s open for the first full market reaction.
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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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

U.S. forces captured Venezuelan President Nicolas Maduro on Saturday, President Trump said. Venezuela’s oil exports have halted, with loaded tankers unable to depart, according to sources. Valero shares closed up 1.5% Friday; traders will watch for fallout when markets reopen Monday. PDVSA oil production and refining remain unaffected, but exports are sharply down due to a U.S. embargo and tanker blockade.
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

ConocoPhillips shares rose 3.3% to $96.70 Friday, with 7 million shares traded. Oil prices slipped, with Brent settling at $60.75 a barrel and WTI at $57.32. President Trump said U.S. oil firms, including ConocoPhillips and Exxon, are ready to invest billions in Venezuela’s oil sector. OPEC+ meets Sunday, with traders expecting no output increase in the first quarter.
3 January 2026
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Chevron stock (CVX) in spotlight after Trump vows billions for Venezuela oil reset

Chevron stock (CVX) in spotlight after Trump vows billions for Venezuela oil reset

President Donald Trump said U.S. oil firms are ready to invest in Venezuela after Nicolás Maduro’s capture by U.S. forces, but the U.S. oil embargo remains. Chevron shares rose 2.3% Friday, closing at $155.90, as energy stocks outperformed despite Brent crude trading near $61 a barrel. PDVSA’s operations continued without disruption, sources said. OPEC+ meets Sunday to discuss output policy amid oversupply concerns.
3 January 2026
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Chevron stock in focus after U.S. strikes Venezuela; traders brace for sanctions and oil-policy whiplash

Chevron stock in focus after U.S. strikes Venezuela; traders brace for sanctions and oil-policy whiplash

Chevron shares rose 2.3% to $155.90 after the U.S. said it struck Venezuela and captured President Nicolás Maduro. PDVSA’s oil production and refining were unaffected, sources said. Investors are watching for changes in U.S. sanctions that could affect Chevron’s Venezuelan crude shipments. Severe damage was reported at Venezuela’s La Guaira port, but oil export infrastructure was not hit.
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

Exxon Mobil shares face a potential repricing after President Donald Trump announced a U.S. attack on Venezuela and the capture of President Nicolas Maduro. Venezuelan oil production and refining remain unaffected, but the port of La Guaira was severely damaged. The U.S. seized two Venezuelan oil cargoes in December, halving exports. Oil futures closed lower Friday before the news, with Brent at $60.75 a barrel.
3 January 2026
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Maduro captured in U.S. strike; PDVSA oil facilities unscathed, sources say

Maduro captured in U.S. strike; PDVSA oil facilities unscathed, sources say

PDVSA kept oil production and refining running after a U.S. strike to seize President Maduro, with no damage to key facilities, two sources said. A U.S. tanker blockade and seizure of two cargoes in December cut Venezuela’s oil exports by half. The La Guaira port was badly damaged but does not handle oil shipments. Explosions hit Caracas early Saturday; the government reported deaths but gave no figures.
3 January 2026
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Stock Market Today

  • Wheat Futures Edge Higher but Retreat from Session Highs Amid Production Reports
    June 11, 2026, 10:05 AM EDT. Wheat futures closed mostly higher on Wednesday before retreating from session highs, driven by anticipation of Thursday's U.S. Crop Production report and Export Sales data. Chicago SRW (Soft Red Winter) wheat contracts rose 2 ¼ to 4 ¾ cents, while Kansas City HRW (Hard Red Winter) futures held steady or edged 5 ¼ cents higher. Market watchers expect U.S. 2025/26 wheat production at 1.555 billion bushels, slightly down for HRW but up for SRW. U.S. ending stocks for the old crop are projected at 941 million bushels, with new crop carryout around 764 million bushels. European wheat production estimates increased to 143.7 million metric tons. These figures will influence market direction as traders weigh supply outlooks ahead of key USDA data releases.

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