Stronger refining margins and higher throughput volumes helped U.S. refining giant Valero Energy Corporation (NYSE: VLO) beat analyst estimates of fourth-quarter earnings. Valero on Thursday kicked off the earnings season for the U.S. refiners by reporting an adjusted net income attributable to Valero stockholders of $1.2 billion, or $3.82 per share, for the fourth quarter....Continue Reading

Cairn Oil & Gas has reported a gas discovery at its Ambe offshore block on India’s west coast, advancing appraisal of one of the country’s Discovered Small Field assets. Additional wells are planned as the operator evaluates development options for the shallow-water find. SourceContinue Reading

SLB has won two five-year contracts from Petroleum Development Oman to supply wellheads and artificial lift systems for Block 6, supporting production and in-country value initiatives. SourceContinue Reading

Reliance Industries Slashes Russian Crude Imports Under U.S. Sanctions Pressure | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jan 29, 2026, 9:30 AM CST India’s largest private refiner, Reliance Industries,...Continue Reading

Citgo Buys Venezuelan Oil for the First Time Since 2019 Sanctions | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jan 29, 2026, 8:30 AM CST Citgo Petroleum, the U.S.-based refiner...Continue Reading

Brent Breaks $70 After Trump Threatens Iran With Military Force | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Jan 29, 2026, 8:13 AM CST Updated: Jan 29, 2026, 8:44 AM CST Brent crude jumped above $70 per barrel for the first time since early August,...Continue Reading

TotalEnergies Pushes Ahead With Mozambique LNG Despite Risks | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jan 29, 2026, 7:30 AM CST After a five-year hiatus, French supermajor TotalEnergies is...Continue Reading

Sanctions Pushed Russian Oil Revenues Lower in 2025 | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – Jan 29, 2026, 6:00 AM CST Sanctions from the European Union and the United States pressured...Continue Reading

Lukoil Agrees to Sell International Assets to Carlyle | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jan 29, 2026, 4:30 AM CST Russia’s oil producer Lukoil has agreed to sell...Continue Reading

Saudi Arabia Weighs Another Cut to Arab Light Prices for Asia | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – Jan 29, 2026, 3:00 AM CST Saudi Arabia may cut the price of...Continue Reading