COGNICURRENT

The United States has relaxed restrictions on Venezuelan oil exports to Cuba due to the severe economic crisis facing Cuba.

Slovnaft retains sufficient oil reserves and alternative supply options to continue both domestic and export operations despite the reliance on Russian oil.

In 2025, shrimp has surpassed oil as Ecuador's main export product, marking the end of a 50-year dominance by oil.

A recent analysis from the Centre for Research on Energy and Clean Air reveals that Russia's oil and gas export revenues have dropped significantly over the past year, with an estimated decline of 27%.

In January 2026, Russia set a record of 12.7 million tons of crude oil exported via Baltic Sea ports, surpassing the previous record of 11.8 million tons from October 2025, despite sanctions affecting energy export revenues.

Thick ice in the Baltic Sea is threatening to halt Russian oil exports, prompting Russia to deploy a nuclear-powered icebreaker.

Hungary and Slovakia announced a halt to oil exports to Ukraine following the suspension of Russian oil transit through the Druzhba pipeline due to a Russian attack.

Japan announces the first projects under its $550 billion investment commitment to the U.S. as part of a recent tariff agreement, emphasizing artificial diamonds, crude oil export infrastructure, and gas-fired power plants.

Iran is temporarily closing sections of the Strait of Hormuz for maritime security reasons amid military exercises by the Revolutionary Guard.

Russia's crude oil exports, previously stable despite Western sanctions, are now declining due to intensified sanctions and a European Union ban on fuel derived from Russian oil.

Norway's trade surplus reached nearly 76 billion kroner in January 2026, a significant increase attributed to soaring export revenues from oil and gas.

President Trump and Prime Minister Netanyahu have reached an agreement to exert pressure on Iran's oil exports, particularly targeting its sales to China.

Ecuador's Petroamazonas has awarded the export of 14.4 million barrels of crude oil to four international firms, generating an estimated $644.8 million in revenue for the state.

In 2025, shrimp surpassed oil to become Ecuador's leading export product, generating $8.401 billion in exports compared to oil's $7.749 billion.

The fourth largest oil company in the world, XRG, has officially joined a project led by YPF to export natural liquefied gas from Argentina's Vaca Muerta region, securing an agreement with Eni.

Russian oil tankers are increasingly listing Singapore as their destination, indicating a shift in export flows from India to China due to Western sanctions.

The EU proposes a 20th sanctions package against Russia, which includes targeting 43 new vessels in the shadow fleet and specific ports in Georgia and Indonesia.

The Ecuadorian export sector projects a 30% annual growth for non-oil products following the announcement of the technical closure of the Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates.

The oil and gas sector significantly contributed to Argentina's economic growth and export expansion in 2025, despite a mainly stagnant economy.

Libya is planning to increase its natural gas production over the next five years to provide larger quantities for export to Europe by early 2030, according to the head of the National Oil Corporation.

Seadrill, an American drilling company, incurred a substantial loss of approximately 854 billion won to Korean institutions due to unpaid loans, while also gaining significant profits through its participation in the Great Whale oil drilling project.

Despite exporting 306 million barrels of crude oil from January to October 2025, Nigerian local refiners are facing significant shortages of crude for domestic processing.

Venezuela's oil exports increased dramatically to about 800,000 barrels per day in January following US intervention, surpassing December's levels significantly.

In January, Venezuela's oil exports to the USA surged to 800,000 barrels per day, from 498,000 in December, reclaiming the USA as the main export destination for Venezuelan crude oil.

Ecuador's export sector is optimistic about a potential long-term recovery of the Venezuelan market, which was once its third-largest destination for non-oil exports but has since fallen significantly.

Repsol's shares dropped over 6% following the U.S.'s first export of Venezuelan oil valued at 430 million euros.

The article discusses how the United States is attempting to export its deep internal crises through foreign policy, which has shifted from managing stable interests to creating tension and chaos as a means of addressing domestic failures.

Two Chinese supertankers heading to Venezuela to pick up crude oil shipments for debt repayment have changed course and are returning to Asia, indicating that the South American nation under U.S. sanctions may not export oil to its main customer soon.

The article discusses Venezuela's oil export strategies, particularly how firms Vitol and Trafigura plan to engage Indian and Chinese markets, the intentions of Indian refineries, and the impact of renewed Venezuelan oil exports on the global energy market.

Global oil production and refining companies are vying for contracts to export crude oil from Venezuela, which has the largest oil reserves in the world, as the U.S. seeks to re-engage American energy firms in the Venezuelan oil sector after decades of nationalization.

US naval forces seize the tanker Olina in the Caribbean Sea near Trinidad as part of efforts to control Venezuelan oil exports, marking the fifth such action in recent weeks.

U.S. naval forces have seized the tanker Olina in the Caribbean Sea near Trinidad, marking the fifth such operation in recent weeks as part of Washington's efforts to control Venezuelan oil exports.

Venezuela has reached an agreement with the United States to export crude oil worth up to $2 billion, redirecting its oil exports and limiting it to Chevron as the only company authorized to export oil from the country.

President Trump announced a deal for the export of Venezuelan crude oil to the U.S. valued at up to two billion dollars, aiming to diversify supply away from China while controlling revenues from the deal under U.S. sanctions.

Washington and Caracas are in discussions regarding the export of oil from Venezuela to the United States, as millions of barrels remain stranded due to logistical challenges.

The article discusses how US President Donald Trump repeatedly seizes tankers transporting oil from Venezuela, revealing an invisible maritime network used by autocrats to export their countries' resources despite bans.

Russia is feeling the impact of Western sanctions, with oil export revenues falling to their lowest since the invasion of Ukraine, although a complete economic collapse is not yet evident.