US forces seize 7th Venezuela-linked oil tanker
U.S. forces seized a seventh oil tanker linked to Venezuela on Tuesday morning, January 20, 2026, enforcing a vessel quarantine set up during former President Trump’s administration.
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U.S. forces seized a seventh oil tanker linked to Venezuela on Tuesday morning, January 20, 2026, enforcing a vessel quarantine set up during former President Trump’s administration.
Petroleos de Venezuela SA is negotiating crude oil sales with the US following a controversial early-January military operation that seized President Maduro.
US strikes on Venezuela in early 2026 raised global oil jitters, but ample supply, OPEC+ control, and big hurdles mean lasting impact is limited.
Beihai Power Plant’s fourth 1,000 MW unit is online after 168-hour testing, boosting capacity to 96 million kWh/day and meeting 1/7 of Guangxi’s power needs.
Earlier this week, Trump revived his call for Venezuela to return oil assets seized decades ago, stepping up an energy showdown that’s sparking global debate.
Sinopec’s Qiluye-1 well taps a 100M-tonne shale oil reserve in the southern Chinese mainland, launching a new era of energy exploration in the Sichuan Basin.
Putin calls new U.S. sanctions on Rosneft and Lukoil an “unfriendly act” but says Russia’s economy remains strong as oil prices could rise.
Global oil prices fell as the IEA raised its supply forecast, with Brent at $65.67 and WTI at $62.64 ahead of the Trump-Putin meeting in Alaska.