energy News
Energy Stocks Surge as Venezuela Turmoil Sparks Oil Supply Hopes
S&P 500 energy index hits 10-month high after the capture of President Maduro fuels speculation over access to the world's largest oil reserves.
Oil Prices Under Pressure as Saudi Arabia Cuts Key Prices to Asia
The move marks the third straight month of cuts for its flagship crude, signaling a fight for market share amid weak demand and a global supply glut.
US Energy Stocks Rally as Venezuelan Oil Access Appears Imminent
Gulf Coast refiners and oilfield service giants are poised to benefit from the multi-billion dollar effort to tap the world's largest crude reserves after a major geopolitical shift.
Oil Stocks Rally on Venezuela Turmoil, Shrugging Off Supply Hopes
Chevron and Exxon lead gains as investors bet the restoration of Venezuela's collapsed oil output will be a long, costly, and complex process.
Transocean Stock Climbs After Securing $168 Million in New Contracts
The offshore driller's shares rose after announcing a new contract for work in Brazil and an extension in Norway, bolstering its multi-billion-dollar backlog.
PBF Energy Stock Surges 17% on Strong 2026 Outlook
The independent refiner forecasts a significant rise in 2026 operational throughput and confirms the full restart of its crucial Martinez, California facility, boosting investor confidence.
US Oil Stocks Rally on Hopes of Re-entry Into Venezuela
Chevron and ExxonMobil shares climb as the capture of President Maduro opens the door to rebuilding the nation's crippled oil industry, home to the world's largest reserves.
Chevron Surges as Maduro's Fall Opens Door to Venezuelan Oil
Shares jumped after the Venezuelan president's capture, as investors weigh the immense opportunity of the world's largest oil reserves against the daunting risks.