Occidental has completed the $9.7-billion sale of its OxyChem chemical business to Berkshire Hathaway, strengthening its balance sheet and upstream focus. SourceContinue Reading

Chevron has delivered first oil from its South N’dola platform offshore Angola, bringing new production online in Block 0 through a tieback to existing offshore infrastructure. SourceContinue Reading

OPEC+ Set to Keep Oil Production Policy Despite Saudi-UAE Spat | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Jan 02, 2026, 10:30 AM CST Despite the public spat between two of OPEC’s top producers, Saudi Arabia and the United Arab...Continue Reading

Wallstreet Sand Co. has brought dry frac sand operations online at its Kermit, Texas facility, expanding in-basin proppant supply to support Permian basin completion activity and logistics efficiency. SourceContinue Reading

Baker Hughes has completed the closing of its surface pressure control JV with Cactus, marking a shift in ownership and capital allocation within the upstream equipment sector. SourceContinue Reading

Oil Awaits a Catalyst as Brent Treads Water | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics and later completed an Executive MBA in Energy Transition at the University of Groningen.… More Info Premium Content By Tom Kool – Jan 02, 2026, 10:00 AM CST Another setback in Russia–Ukraine...Continue Reading

India to Leverage Russian Oil Import Data in Trade Deal Negotiations | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 02, 2026, 9:30 AM CST India’s government is asking domestic refiners to provide timely and accurate data on a weekly basis of imports of Russian...Continue Reading

How Energy Scarcity Is Reshaping the Global Economy | OilPrice.com Gail Tverberg Gail Tverberg is a writer and speaker about energy issues. She is especially known for her work with financial issues associated with peak oil. Prior… More Info Premium Content By Gail Tverberg – Jan 02, 2026, 9:00 AM CST Growing inequality reflects deeper...Continue Reading

The Limits of Saudi Power in Southern Yemen | OilPrice.com Premium Content By Editorial Dept – Jan 02, 2026, 8:30 AM CST Earlier this week, Aden airport (in Yemen’s interim capital) was shut after a dispute between the Saudi-backed Yemeni government and UAE-aligned STC forces over control of airport operations and security. Government officials attempted...Continue Reading

The Drone Attack That Shook Venezuela | OilPrice.com Premium Content By Editorial Dept – Jan 02, 2026, 8:30 AM CST Politics, Geopolitics & Conflict The situation in Venezuela has further escalated after a drone strike on a port facility linked to the Maduro government, an incident Trump publicly said was carried out by the United...Continue Reading