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Oil Industry News 13 January 2026 - 15 January 2026

Petrobras stock (PBR) slips as oil falls; Tupi hits 1 million bpd, fertilizer restart in focus

Petrobras stock (PBR) slips as oil falls; Tupi hits 1 million bpd, fertilizer restart in focus

Petrobras’ U.S.-listed shares fell 1.1% to $12.52 Thursday as energy stocks slipped with Brent crude down 3.3%. CEO Magda Chambriard said Petrobras hit 1 million bpd at the Tupi field and resumed ammonia and urea output at its Sergipe plant, with Bahia’s plant to follow by month’s end. The company’s 2026 annual meeting is set for April 16. Investors await 2025 results on March 5.
15 January 2026
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Exxon Mobil stock slips as oil plunges; Venezuela crude and UK gas deal loom for XOM

Exxon Mobil stock slips as oil plunges; Venezuela crude and UK gas deal loom for XOM

New York, Jan 15, 2026, 10:09 EST — Regular session Exxon Mobil Corp shares slipped Thursday morning, following a broader retreat in oil-related stocks. The stock fell 0.4%, settling at $129.63. This shift is crucial now, as the market has prioritized oil prices above all else. For Exxon, fluctuations in crude can rapidly alter forecasts for cash flow, share buybacks, and the company’s spending capacity without sacrificing returns. Company-specific headlines arrived at a tricky moment, as investors pivot toward earnings season. Now, the key trigger won’t be one standout story but rather how oil prices behave during the upcoming reports.
15 January 2026
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Gasoline prices wobble: UGA gasoline ETF dips after EIA flags big U.S. inventory build

Gasoline prices wobble: UGA gasoline ETF dips after EIA flags big U.S. inventory build

New York, Jan 15, 2026, 07:12 EST — Premarket The United States Gasoline Fund (UGA) closed down 1.7% on Wednesday at $64.63 and was indicated around that level in early premarket trade, as wholesale gasoline prices slid again after a sharp U.S. inventory build. (Investing.com) Gasoline trades carry extra weight right now because pump prices feed quickly into household budgets and inflation measures, and can change the tone for consumer and rate-sensitive bets. Moves in wholesale gasoline can filter into retail prices with a lag, but markets react first. The latest inventory numbers also hit at an awkward time for
15 January 2026
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SLB stock closes at fresh 52-week high as Venezuela oil push keeps traders circling

SLB stock closes at fresh 52-week high as Venezuela oil push keeps traders circling

New York, Jan 14, 2026, 20:48 EST — Market closed. Shares of SLB Ltd (NYSE:SLB) jumped 2.33%, closing Wednesday at $46.97. It marked their second day up and hit a fresh 52-week high, with trading volume well above the 50-day average. Baker Hughes climbed 2.06%, Halliburton gained 1.32%, while the S&P 500 slipped 0.53%. (MarketWatch) The recent developments hold weight because the Venezuela trade has moved beyond speculation. Oil markets are factoring in a series of U.S. moves and talks that might ease restrictions on Venezuelan heavy crude. That could, in turn, boost demand for drilling and oilfield services offered
15 January 2026
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Exxon stock jumps after report it may run Venezuelan crude again at Baton Rouge

Exxon stock jumps after report it may run Venezuelan crude again at Baton Rouge

NEW YORK, Jan 14, 2026, 16:48 ET — After-hours Exxon Mobil shares jumped roughly 2.9% to $130.20 in after-hours trading Wednesday following a Reuters report. Sources familiar with operations say the company’s Baton Rouge, Louisiana refinery is gearing up to process Venezuelan crude again. The 522,500 barrel-per-day facility hasn’t handled Venezuelan heavy sour crude since U.S. sanctions came into effect. (Reuters) The report comes as Venezuelan exports resume under U.S. oversight following a December blockade that caused storage to fill up, forcing state oil company PDVSA to close wells and slash production, Reuters reported Tuesday. According to the report, PDVSA
14 January 2026
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Sasol stock jumps 6% as oil climbs and South Africa tariff talks heat up

Sasol stock jumps 6% as oil climbs and South Africa tariff talks heat up

New York, Jan 14, 2026, 14:40 EST — Regular session Sasol Limited’s U.S.-listed shares jumped roughly 6.4% to $7.52 on Wednesday, hitting $7.53 at one point—marking their best level in at least a year. This gain stood out against a weaker broader U.S. market in afternoon trading. (https://www.reuters.com/markets/companies/SSL/) The jump matters because Sasol’s earnings hinge on crude prices and the rand: oil influences fuel and chemical costs, while currency moves affect how dollar-based sales translate locally. Traders are also watching South Africa’s fuel demand, which has shown erratic data. This week stands out because the forces at play are tugging
14 January 2026
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Chevron stock climbs as Black Sea tanker attacks jolt oil-risk trade for CVX

Chevron stock climbs as Black Sea tanker attacks jolt oil-risk trade for CVX

NEW YORK, Jan 14, 2026, 12:14 EST — Regular session Shares of Chevron Corp climbed almost 2% on Wednesday, bucking the broader market’s decline. Traders favored energy stocks following new drone strikes in the Black Sea, which rattled crude supply lines. Chevron traded up 1.9% to $167.01 by midday. Kazakhstan called on the United States and Europe to step up efforts to secure oil shipments after drones targeted tankers bound for the Caspian Pipeline Consortium’s (CPC) marine terminal on Russia’s Black Sea coast. The route handles about 1% of the world’s oil supply. CPC moves around 80% of Kazakhstan’s oil
14 January 2026
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Chevron stock edges higher after-hours as Venezuela crude shift puts CVX in focus

Chevron stock edges higher after-hours as Venezuela crude shift puts CVX in focus

New York, January 13, 2026, 19:08 EST — After-hours Chevron Corp (CVX) shares climbed 0.9% to $163.87 in after-hours trading Tuesday, as sources revealed the oil giant plans to process Venezuelan crude at its Pasadena, Texas, and Pascagoula, Mississippi refineries. The timing for the crude shipments remains unclear, according to the insiders. During the session, CVX shares fluctuated between $162.53 and $166.13. (boereport.com) The report arrives as shifts in U.S. policy toward Venezuela are already pushing crude prices and widening the gap between benchmarks. U.S. crude futures traded at a $4.76-per-barrel discount to Brent — the largest spread since April
14 January 2026
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Exxon Mobil stock climbs after-hours as Venezuela tug-of-war and oil rally grab attention

Exxon Mobil stock climbs after-hours as Venezuela tug-of-war and oil rally grab attention

New York, Jan 13, 2026, 18:10 EST — After-hours Shares of Exxon Mobil Corporation climbed roughly 2% in after-hours trading Tuesday, driven by investor attention on the company’s stance regarding Venezuela and a recent boost in crude prices. The flare-up matters as Washington’s effort to revive Venezuela’s oil sector could alter long-term supply forecasts and shift the hierarchy among U.S. oil majors. For Exxon, it underscores how political shifts can affect access, contract conditions, and schedules — all factors that drive project economics well before drilling begins. Reuters reports Exxon is still keen on a Venezuela visit and may deploy
14 January 2026
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Chevron stock climbs as oil jumps, but drones and a Jan. 17 deadline keep CVX traders on edge

Chevron stock climbs as oil jumps, but drones and a Jan. 17 deadline keep CVX traders on edge

New York, January 13, 2026, 14:14 EST — Regular session Shares of Chevron Corporation rose roughly 2.2%, reaching $165.95 in Tuesday afternoon trading. Crude prices jumped following unrest in Iran, stoking fears of supply disruptions. Brent surged 2.5% to $65.44 a barrel, while U.S. West Texas Intermediate rose 2.7% to $61.09 by 1:22 p.m. EST. Barclays estimates the geopolitical premium at roughly $3-$4 a barrel. John Evans from PVM Oil Associates noted, “The oil market is building in some price protection against geopolitical drivers.” Meanwhile, Mizuho’s Bob Yawger cautioned that a pullback from Iranian barrels could cut global supply by
13 January 2026
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Seadrill Limited stock jumps 7% as oil rally blunts Citi downgrade

Seadrill Limited stock jumps 7% as oil rally blunts Citi downgrade

New York, January 13, 2026, 13:51 EST — Regular session underway. Seadrill Ltd shares surged Tuesday, leading offshore drillers higher amid rising crude prices and a boost in energy stocks. The stock climbed 7.0% to $36.01 in afternoon trading, briefly touching $36.03. It started the day at $34.02 and dipped to $34.00 earlier. Trading volume exceeded 420,000 shares. The move follows Citi’s downgrade of Seadrill to “Sell” from “Neutral” just a day earlier, with the price target slashed to $32, according to a note reported by TheFly. Citi highlighted a “downside 30-day catalyst watch” and flagged concerns over rig downtime
13 January 2026
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Trump eyes shutting Exxon out of Venezuela — but the oil giant still plans a look

Trump eyes shutting Exxon out of Venezuela — but the oil giant still plans a look

New York, January 13, 2026, 07:10 EST Exxon Mobil is still planning to dispatch an assessment team to Venezuela in the coming weeks, according to someone familiar with the company’s strategy, despite President Donald Trump’s hint that he might block the oil giant’s access to the country. Exxon shares slipped 0.5% to $124.03 ahead of the open. The standoff is significant as Trump pushes U.S. energy firms to step in and rebuild Venezuela’s oil industry following the capture of Nicolás Maduro. He frames the move as both an economic reboot and a strategic victory. The White House is eager for
13 January 2026
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Stock Market Today

Meta stock faces an AI split: ad gains vs a $135 billion bill

Meta stock faces an AI split: ad gains vs a $135 billion bill

7 February 2026
Meta shares dropped 1.3% to $661.46 on Friday after the company projected 2026 capital spending of up to $135 billion, raising investor concerns over cash flow. Meta reported Q4 revenue of $59.89 billion, up 24% year-over-year, with ad impressions rising 18%. Analysts remain divided on whether AI-driven ad gains can offset the steep spending ramp.
IAG share price jumps toward a 52-week peak — what to watch before London reopens

IAG share price jumps toward a 52-week peak — what to watch before London reopens

7 February 2026
IAG shares rose 4.33% to 438.50 pence Friday, near their 52-week high, ahead of full-year results due later this month. The company reported 162,073,135 treasury shares and total voting rights of 4,565,128,012. Brent crude fell 2.2% Thursday to $67.93 a barrel. South Europe Ground Services logged 712,340 operations in 2025 and seeks approval to operate in Portugal.
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