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Wood Mackenzie Says Big Oil’s Strategy Has Snapped Back to Upstream

Oil news - Fri, 02/20/2026 - 20:30
If there was any lingering doubt about what’s keeping Big Oil executives up at night, the fourth-quarter results cleared it up. It’s not slogans. It’s not transition optics. It’s whether they have enough high-quality barrels to avoid production decline in the 2030s. The majors are refocusing hard on upstream portfolio renewal for the next decade, according to WoodMac, who analyzed Q4 data. The near-term commodity backdrop isn’t exactly inspiring, and Brent looks soft. Refining margins are decent, petrochemicals less…
Categories: Oil news

Wood Mackenzie Says Big Oil’s Strategy Has Snapped Back to Upstream

Oil news - Fri, 02/20/2026 - 20:30
If there was any lingering doubt about what’s keeping Big Oil executives up at night, the fourth-quarter results cleared it up. It’s not slogans. It’s not transition optics. It’s whether they have enough high-quality barrels to avoid production decline in the 2030s. The majors are refocusing hard on upstream portfolio renewal for the next decade, according to WoodMac, who analyzed Q4 data. The near-term commodity backdrop isn’t exactly inspiring, and Brent looks soft. Refining margins are decent, petrochemicals less…
Categories: Oil news

Wood Mackenzie Says Big Oil’s Strategy Has Snapped Back to Upstream

Oil news - Fri, 02/20/2026 - 20:30
If there was any lingering doubt about what’s keeping Big Oil executives up at night, the fourth-quarter results cleared it up. It’s not slogans. It’s not transition optics. It’s whether they have enough high-quality barrels to avoid production decline in the 2030s. The majors are refocusing hard on upstream portfolio renewal for the next decade, according to WoodMac, who analyzed Q4 data. The near-term commodity backdrop isn’t exactly inspiring, and Brent looks soft. Refining margins are decent, petrochemicals less…
Categories: Oil news

Kyrgyzstan’s Energy Emergency Opens the Door to Russian Nuclear Influence

Oil news - Fri, 02/20/2026 - 20:00
In late 2025, during his visit to Kyrgyzstan, Russia’s President Vladimir Putin declared Russia’s readiness to build a small modular nuclear power reactor (SMR) in Kyrgyzstan, thereby signaling Moscow’s intention to move beyond traditional trade relations toward projects in long-term strategic infrastructure. Russia’s proposal may be justified by the need to address Kyrgyzstan’s persistent problem of frequent energy shortages, caused by rising consumption, aging energy infrastructure, and overreliance on hydropower…
Categories: Oil news

FT Uncovers $90 Billion Russian Oil Smuggling Operation

Oil news - Fri, 02/20/2026 - 19:30
Nearly fifty seemingly separate companies have been involved in coordinating to mask the origin of Russian oil, moving crude worth at least $90 billion, an investigation of the Financial Times has found.  FT uncovered the network due to an IT blunder—the 48 identified entities all share a single private email server.  The oil smuggling network includes firms and persons linked to Russia’s top oil producer, state-controlled Rosneft, and these have been in coordination to mask the origin of Russian crude, especially of Rosneft. …
Categories: Oil news

FT Uncovers $90 Billion Russian Oil Smuggling Operation

Oil news - Fri, 02/20/2026 - 19:30
Nearly fifty seemingly separate companies have been involved in coordinating to mask the origin of Russian oil, moving crude worth at least $90 billion, an investigation of the Financial Times has found.  FT uncovered the network due to an IT blunder—the 48 identified entities all share a single private email server.  The oil smuggling network includes firms and persons linked to Russia’s top oil producer, state-controlled Rosneft, and these have been in coordination to mask the origin of Russian crude, especially of Rosneft. …
Categories: Oil news

FT Uncovers $90 Billion Russian Oil Smuggling Operation

Oil news - Fri, 02/20/2026 - 19:30
Nearly fifty seemingly separate companies have been involved in coordinating to mask the origin of Russian oil, moving crude worth at least $90 billion, an investigation of the Financial Times has found.  FT uncovered the network due to an IT blunder—the 48 identified entities all share a single private email server.  The oil smuggling network includes firms and persons linked to Russia’s top oil producer, state-controlled Rosneft, and these have been in coordination to mask the origin of Russian crude, especially of Rosneft. …
Categories: Oil news

FT Uncovers $90 Billion Russian Oil Smuggling Operation

Oil news - Fri, 02/20/2026 - 19:30
Nearly fifty seemingly separate companies have been involved in coordinating to mask the origin of Russian oil, moving crude worth at least $90 billion, an investigation of the Financial Times has found.  FT uncovered the network due to an IT blunder—the 48 identified entities all share a single private email server.  The oil smuggling network includes firms and persons linked to Russia’s top oil producer, state-controlled Rosneft, and these have been in coordination to mask the origin of Russian crude, especially of Rosneft. …
Categories: Oil news

FT Uncovers $90 Billion Russian Oil Smuggling Operation

Oil news - Fri, 02/20/2026 - 19:30
Nearly fifty seemingly separate companies have been involved in coordinating to mask the origin of Russian oil, moving crude worth at least $90 billion, an investigation of the Financial Times has found.  FT uncovered the network due to an IT blunder—the 48 identified entities all share a single private email server.  The oil smuggling network includes firms and persons linked to Russia’s top oil producer, state-controlled Rosneft, and these have been in coordination to mask the origin of Russian crude, especially of Rosneft. …
Categories: Oil news

Repsol busca triplicar su producción de crudo tras reanudar operaciones en Venezuela

Apporea noticias - Fri, 02/20/2026 - 19:19
20 de febrero de 2026.- La compañía petrolera Repsol, que ya trabaja de manera conjunta con la estatal Petróleos de Venezuela (Pdvsa) y las autoridades nacionales, aspira a aumentar la producción de crudo en más de un 50% a corto plazo (un año) y triplicarla en un periodo de tres años, según explicó...
Categories: Venezuelan news

Supreme Court Strikes Down Trump’s Emergency Tariffs, Energy Trade Faces Reset

Oil news - Fri, 02/20/2026 - 18:53
The U.S. Supreme Court just kneecapped one of the most aggressive trade levers Washington has pulled in decades, and energy markets are now left sorting out what sticks and what doesn’t. In a 6–3 ruling, the Court struck down most of President Trump’s across-the-board tariffs imposed under the International Emergency Economic Powers Act. The majority opinion was this: the Constitution does not hand taxing authority to the executive branch. That wipes out the 10%-plus blanket tariffs rolled out since April 2025 and undercuts the…
Categories: Oil news

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