TopWZPV Post-Show Report
US Oil Drilling Continues to Flounder
The total number of active drilling rigs for oil and gas in the United States rose by 2 this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 546 this week, down 36 from this same time last …
Mexico’s Dos Bocas Refinery Starts Biting Into U.S. Fuel Exports
For years, Mexico has been a major fuel buyer from the United States. Then the government built a new refinery that cost $20 billion, which was planned to boost the country’s energy independence. It seems it has finally started to do just that—and f…
Oil Prices Continue to Rise As US Crude Oil Inventories Drop
Crude oil inventories in the United States decreased by 2.3 million barrels during the week ending January 24, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles…
Top Traders Begin Venezuela Oil Sales with U.S. Blessing
The world’s biggest international trading houses, which couldn’t trade Venezuelan oil for years due to the sanctions of the first Trump Administration, are back in the business, with the backing and blessing of the U.S.Following the capture of Nicol…
Georgia Scrambles After Leak Reveals Rising Dependence on Russian Gas
Officials are in damage-control mode in Georgia after the supposed unauthorized publication of a late 2025 state decree showing that the government’s reliance on Russian natural gas imports is growing and Tbilisi is now paying more for Russian import…
Canada Forges Major Energy and Trade Deals with China
Canada is cozying up to China as political tensions heat up between Canada and the United States. Canadian Prime Minister Mark Carney made key deals with China earlier this month on a diplomatic trip to Beijing, including major agreements for Chinese …
EIA Confirms Crude Oil Inventory Builds in US
Crude oil inventories in the United States increased by 3.6 million barrels during the week ending January 21, according to new data from the U.S. Energy Information Administration (EIA) released on Thursday. The increase brings commercial stockpiles …
Trump’s Energy Agenda Is Starting to Collide With Itself
On the campaign trail to the 2024 elections, Donald Trump made affordable energy for Americans a top priority—along with a boost for the country’s energy industry with a view to “energy dominance”. Now, conflicts are emerging between these priorit…
Europe Sets Its Sights on Brazil’s Rare Earth Riches
The European Union has been looking for rare-earth suppliers outside China for a while now. Last year, Commission president Ursula von der Leyen declared, “The aim is to secure access to alternative sources of critical raw materials in the short, med…
U.S. Intervention in Venezuela Has Shored Up Guyana’s Oil Ambitions
Oil production in South America’s Guyana has gone from strength to strength in recent years, as international oil majors develop several new oil-producing regions. This has led Guyana to become one of the most-promising oil producers in the Americas,…
Permian Basin Economy Slows Under the Shadow of Cheap Venezuelan Oil
The United States is rushing to sell off millions of barrels of Venezuelan oil after the Trump administration ousted and detained leader Nicholas Maduro on January 3. Trump has been extremely vocal of his plans to capitalize on Venezuela’s oil reserv…
Energy Providers Emerge As Top Investor AI Play for 2026
Investors continue to bet on the AI boom, but this year they see energy and power providers as the most compelling opportunities to increase exposure to the AI theme, the world’s biggest asset manager, BlackRock, said in its 2026 Investment Direction…
China Moves Deeper Into Turkmenistan’s Galkynysh Gas Field
China’s National Petroleum Co. (CNPC) is set to begin work on a sector, dubbed Phase Four, of Turkmenistan’s massive Galkynysh gas field, according to a Turkmen government report.The sector, once pumping at full capacity, is expected to yield about …
Cheap Oil Is Double-Edged Sword for Trump
One of the campaign promises of President Donald Trump was to secure affordable energy for Americans. Even at the time, this promise put him at odds with the oil industry, already suffering from low oil prices. Now, the rift has deepened as the prospe…
China’s Metals Markets Surge on Bullish Outlooks
Traders are betting record amounts of money on China’s metals markets, expecting a continued rally in the prices of base metals and lithium.At the end of 2025 and the start of 2026, speculators held record-high open interest in the base metals copper…