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Energy

Reuters | December 31, 2025

Residual fuel tops off Venezuela’s tanks as exports remain almost paralyzed

The accumulation of residual fuel inventories at Venezuela's onshore tanks is forcing state company PDVSA to resort to extreme solutions to avoid the shutdown of refining units, as a U.S. blockade stopping sanctioned tankers going in and out the country keeps exports almost paralyzed, four sources said.

Oil set for biggest annual drop since 2020

Reuters | December 31, 2025 | Energy

Oil prices crept higher on Wednesday while heading for a fall of more than 15% over the course of 2025, as expectations of oversupply increased in a year marked by wars, higher tariffs, increased OPEC+ output and sanctions on Russia, Iran and Venezuela.

Signal Ocean Tanker Market Monitor | Freight Fundamentals & Market Momentum

AJOT Newsroom | December 31, 2025 | Energy | Maritime | Bulk

Tanker freight markets continue to diverge, with dirty segments losing momentum, while clean markets retain a firmer undertone.

Energy

Reuters | December 30, 2025

Oil tankers still arriving in Venezuela despite US blockade, data shows

At least two oil tankers have made their way to Venezuela in recent days and others are navigating towards the country, a sign of state-run PDVSA's effort to expand floating storage and keep selling crude even as a U.S. blockade has reduced exports to a minimum.

BP to sell 65% stake in Castrol to Stonepeak for $6 billion

Reuters | December 24, 2025 | Energy

BP has agreed to sell a 65% stake in its Castrol lubricants business to U.S. private equity firm Stonepeak for about $6 billion, a significant step in the oil major’s $20 billion divestment plan aimed at cutting debt and boosting returns.

Rekind accelerates the development of biomass pyrolysis technology in Indonesia with AES and RINA

AJOT Newsroom | December 23, 2025 | Energy | Alternative

Offshore expansion drives push for logistics hubs across the Caribbean

AJOT Newsroom | December 23, 2025 | Energy

EU broadens industry compensation for emissions regulation costs

Reuters | December 23, 2025 | Energy

The European Commission will allow more energy-intensive industries to receive compensation to offset the costs of meeting EU emissions rules, it said on Tuesday, as it seeks to prevent companies from relocating operations outside the bloc.

US Interior Dept weakens sage-grouse protection to open more oil and mineral development

Reuters | December 23, 2025 | Energy | International Trade | Commodity

The Trump administration on Monday rolled back protections for the greater sage-grouse in eight western U.S. states, opening up more federal land for energy and mineral development.

Oil loading in Venezuela slows, more ships make U-turns after new US interceptions

Reuters | December 22, 2025 | Energy | Maritime | Bulk

Tanker loading in Venezuela dwindled on Monday, with most ships moving oil cargoes only between domestic ports following U.S. action against two more ships and as state-run energy company PDVSA struggles to recover from a cyberattack, according to tracking data and sources.

DHL and CMA CGM accelerate decarbonization of ocean freight with joint biofuel initiative

• Purchase of 8,990 metric tons of second-generation biofuel, reducing approx. 25,000 metric tons CO₂ marks a key milestone for this cooperation • Lower-carbon maritime transport enabled via DHL’s GoGreen Plus and CMA CGM’s ACT+ offerings • Partnership underscores shared commitment Net Zero targets

Energy

Reuters | December 22, 2025

US pauses leases for five offshore wind projects over radar concerns

The Trump administration suspended leases for five large-scale under-construction offshore wind projects over national security concerns, the Department of the Interior said on Monday.

Phillips 66 and Kinder Morgan, Inc. announce close of initial open season and launch of open season to Los Angeles markets

AJOT Newsroom | December 22, 2025 | Energy

Seatrium, Maersk settle dispute over $475 million contract for offshore wind vessel

Reuters | December 22, 2025 | Energy | Alternative | Maritime

Singapore-based shipbuilder Seatrium said on Monday it has reached a settlement with Denmark's Maersk to deliver an offshore wind vessel that was intended to work on a project off the coast of New York.

EIA updates its definitions and estimates of OPEC crude oil production capacity

AJOT Newsroom | December 19, 2025 | Energy | Conventional | By The Numbers

Low surplus production capacity among OPEC countries can put upward pressure on crude oil prices in the event of unplanned supply disruptions or strong growth in global oil demand.

Why Canada’s hottest shale play is catching the eye of US producers

Reuters | December 18, 2025 | Energy

U.S. oil and gas producers in search of fresh drilling territory are looking to expand in Western Canada's Montney basin, a remote yet massive shale play that is already a hotbed of M&A activity and could see more deals soon, according to executives, analysts and advisors.

Trump Media bets on fusion energy with $6 billion TAE deal

Reuters | December 18, 2025 | Energy | Alternative

President Donald Trump is getting into the fusion power business through a $6 billion merger of his social media firm and Google-backed TAE Technologies, announced just days after industry leaders met with U.S. Energy Department representatives to urge federal funding.

Energy

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