Today: 11 June 2026
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Oil Industry 6 January 2026 - 9 January 2026

SLB stock up in premarket as White House Venezuela meeting keeps oil-services trade in play

SLB stock up in premarket as White House Venezuela meeting keeps oil-services trade in play

SLB shares rose about 1% in U.S. premarket trading Friday, after closing up 4.9% at $44.43, as the White House readies talks with oil firms on Venezuela. Vitol received a preliminary U.S. license to negotiate Venezuelan oil deals, sources said. Oil prices remained subdued, with U.S. crude at $55.99 a barrel Wednesday. SLB reports earnings Jan. 23, with analysts expecting $0.74 per share.
Chevron stock jumps after hours as Venezuela licence talks put CVX back in play

Chevron stock jumps after hours as Venezuela licence talks put CVX back in play

Chevron shares rose 2.6% to $159.25 in after-hours trading Thursday after reports of talks with Washington to expand its Venezuela license. U.S. officials have invited Vitol and Trafigura executives to discuss Venezuelan oil sales Friday. Brent crude settled up 3.4% at $61.99 a barrel. Chevron’s Venezuelan exports fell to about 100,000 bpd in December after tighter U.S. terms.
Exxon stock jumps after Q4 upstream warning; oil rebound and Jan. 30 earnings loom

Exxon stock jumps after Q4 upstream warning; oil rebound and Jan. 30 earnings loom

Exxon Mobil shares rose 3.7% in after-hours trading after a filing warned of a possible $0.8–$1.2 billion hit to Q4 upstream earnings from weaker crude prices. The company cited stronger refining margins as a potential offset. Investors are watching for Exxon’s Jan. 30 earnings and Friday’s U.S. jobs report. Oil prices surged over 3% Thursday amid global supply concerns.
Oil stocks slide before the open as Exxon flags up to a $1.2 billion hit — what to watch next

Oil stocks slide before the open as Exxon flags up to a $1.2 billion hit — what to watch next

Exxon Mobil dropped 2.1% and ConocoPhillips fell 3.3% in U.S. premarket trading after Exxon warned lower crude prices could cut Q4 upstream earnings by up to $1.2 billion. Brent crude edged up 6 cents to $60.02 a barrel, but analysts warned of a potential 3 million bpd surplus in early 2026. U.S. crude stocks fell 3.8 million barrels, while gasoline and distillate inventories jumped.
Chevron stock price forecast: CVX slips as $22 bln Lukoil bid talk and Venezuela oil control jolt the outlook

Chevron stock price forecast: CVX slips as $22 bln Lukoil bid talk and Venezuela oil control jolt the outlook

Chevron shares fell 0.9% to $155.17 after reports it may join a bid for Lukoil’s international assets. U.S. officials signaled plans to control Venezuelan oil sales “indefinitely,” as Chevron continues exports from the country. Brent crude dropped 1.3% to $59.94. The company’s next earnings call is set for January 30.
DHT Holdings stock jumps as tanker shares rally on Venezuela oil shake-up

DHT Holdings stock jumps as tanker shares rally on Venezuela oil shake-up

DHT Holdings shares jumped 6.6% to $12.81 in New York as U.S. officials moved to allow Venezuelan crude imports and ease some sanctions. Oil prices slipped, with Brent down 0.7% at $60.31 a barrel. The U.S. Coast Guard seized a Russian-flagged tanker linked to Venezuelan oil after a two-week pursuit. Investors tracked signs of cargo rerouting and upcoming U.S. oil inventory data.
Exxon Mobil stock slides as Trump’s Venezuela oil plan drags crude, filing due after close

Exxon Mobil stock slides as Trump’s Venezuela oil plan drags crude, filing due after close

Exxon Mobil shares fell 1.1% to $119.71 Wednesday as oil prices dropped after President Trump said Venezuela would send up to 50 million barrels of sanctioned oil to the U.S. Brent crude slipped 0.7% to near $60 a barrel. Exxon is set to release a fourth-quarter “earnings considerations” 8-K after market close. Trump plans to meet oil executives later this week to discuss Venezuela.
Frontline (FRO) stock jumps as Venezuela tanker seizures stir oil-shipping bets

Frontline (FRO) stock jumps as Venezuela tanker seizures stir oil-shipping bets

Frontline shares jumped 7.7% to $23.27 by late morning Wednesday as U.S. authorities seized a Venezuela-linked tanker reflagged under Russia, spurring a rally in tanker stocks. DHT Holdings, International Seaways, Teekay Tankers, and Scorpio Tankers also posted gains. Investors focused on freight rates, which have surged amid sanctions and vessel shortages. Oil prices fell after President Trump announced new Venezuelan crude shipments to the U.S.
7 January 2026
UK stocks today: FTSE 100 retreats from record highs as BP, Shell slide on Venezuela oil deal

UK stocks today: FTSE 100 retreats from record highs as BP, Shell slide on Venezuela oil deal

FTSE 100 fell 0.5% by mid-morning Wednesday, led by declines in BP and Shell as oil prices dropped after a reported U.S.-Venezuela supply deal. Topps Tiles rose 1.5% on higher revenue. UK construction activity shrank for a 12th month, with the PMI at 40.1. Investors shifted into utilities and property stocks after Tuesday’s record close.
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
Exxon Mobil (XOM) stock slips after Venezuela-fueled rally as investors weigh oil supply risks

Exxon Mobil (XOM) stock slips after Venezuela-fueled rally as investors weigh oil supply risks

Exxon shares dropped 1.4% to $123.63 Tuesday morning, reversing part of Monday’s gains as traders weighed U.S. talks on boosting Venezuelan oil output. Brent crude rose 0.7% to $62.22 a barrel. Chevron fell 2.7%, while ConocoPhillips was flat. The S&P 500 energy index had hit a 10-month high Monday after U.S. military action in Venezuela.
Brazil stock market today: Oil shock, Ibovespa reshuffle and a CEO switch to watch before the B3 bell

Brazil stock market today: Oil shock, Ibovespa reshuffle and a CEO switch to watch before the B3 bell

The Ibovespa closed up 0.83% at 161,869.76 on Monday, led by gains in Vale and banks, while Petrobras fell despite a jump in oil prices after U.S. moves on Venezuela. Trading volume reached R$24.9 billion. The dollar slipped to near R$5.40. Investors are watching the new Ibovespa portfolio and executive changes at GPA and IMC ahead of Brazil’s inflation data on Jan. 9.
BP stock watch: Tiber contract, buyback and oil slide put BP PLC shares in focus

BP stock watch: Tiber contract, buyback and oil slide put BP PLC shares in focus

BP shares closed down 0.6% at 435.25 pence Monday before the London open, after TechnipFMC announced a $600 million-$800 million contract for BP’s Tiber deepwater project. BP bought 3 million shares Jan. 5 as part of its buyback program. Brent crude slipped 0.2% to $61.62 a barrel early Tuesday. BP’s Venezuela gas plans remain stalled after a U.S. licence revocation.
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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.

Latest articles

Navan surges after guidance hike brings AI travel platform to fore

Navan surges after guidance hike brings AI travel platform to fore

11 June 2026
Navan shares soared 21.18% premarket to $25.29 after the company raised its fiscal 2027 revenue outlook to $907–$913 million and boosted its non-GAAP operating income forecast to $76–$80 million, citing strong enterprise demand and surging booking volume, even as GAAP losses and cash burn persist.
Quantum Cyber slips after QUCY drone unit plan raises dilution fears

Quantum Cyber slips after QUCY drone unit plan raises dilution fears

11 June 2026
Quantum Cyber unveiled plans for an Advanced Filament Manufacturing Division at its proposed Connecticut drone facility, aiming to supply its 3D-printer drone farm and sell EMP-hardened filament, as QUCY shares closed at $1.92 on June 10 and rose 3.65% premarket amid volatile, high-volume trading; investors now weigh execution risks, ongoing losses, and the need for fresh capital against the company’s strategic manufacturing pivot.
Alibaba Drops After Beijing Puts 618 Subsidies in the Spotlight

Alibaba Drops After Beijing Puts 618 Subsidies in the Spotlight

11 June 2026
Alibaba’s Hong Kong shares plunged 5.4% after Beijing regulators challenged Taobao and Tmall’s 6.18 shopping festival discount claims, intensifying regulatory risk just as U.S.-listed shares had fallen for six straight sessions and raising investor concerns over profit margins and future promotions.
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