13 Jan Energy Price, news updates and expert commentary; WTI Crude $61.31/bbl
(Oilandgaspress) Crude oil prices reportedly rose about 3% on Tuesday, after U.S. President Donald Trump canceled all meetings with Iranian officials and promised protesters that help is on the way. Related News
19 companies have been offered ownership interests in a total of 57 production licences on the Norwegian continental shelf (NCS) in the 2025 awards in pre-defined areas (APA). Applications were reviewed in the autumn 2025. Of these 57 production licences, 31 are in the North Sea, 21 in the Norwegian Sea and 5 in the Barents Sea. 20 of the production licences are additional acreage for existing production licences. “This year’s awards show that the companies still see the potential for profitable exploration in mature areas. Resources proven near established installations will be crucial to ensure high value creation and effective utilisation of infrastructure moving forward”, says Kalmar Ildstad, Director of regulations, licence and area management at the Norwegian Offshore Directorate.
“It’s also encouraging that several companies have submitted applications to conduct new assessments of discoveries with tight reservoirs, where production has so far been deemed unlikely,” he adds. Read More
Researchers at the University of Manchester, led by Professor Thomas Anthopoulos, have successfully stabilized perovskite solar cells, which could help move the low-cost technology into the global mass market. For this, a new kind of molecular glue was created. It smoothes the perovskite surface and eliminates the tiny defects that previously caused energy loss and material degradation. The team enhanced the design using small-molecule amidinium ligands. Related News
On Thursday February 5th, 2026 at 07:00 GMT (08:00 CET and 02:00 EST) Shell plc will release its fourth quarter results and fourth quarter interim dividend announcement for 2025. Related Report
United States dispensed 2.4% more heat-trapping gases from the burning of fossil fuels in 2025 than in the year before, researchers calculated in a study released Tuesday.
The increase in greenhouse gas emissions is attributable to a combination of a cool winter, the explosive growth of data centers and cryptocurrency mining and higher natural gas prices, according to the Rhodium Group, an independent research firm. Environmental policy rollbacks by President Donald Trump’s administration were not significant factors in the increase because they were only put in place this year, the study authors said. Heat-trapping gases from the burning of coal, oil and natural gas are the major cause of worsening global warming, scientists say. Related News
Nissan is proud to announce that the all-new Nissan LEAF has been awarded the prestigious title of World’s Best Compact Car by the Women’s Worldwide Car of the Year (WWCOTY) jury – the only automotive awards panel in the world comprised exclusively of women motoring journalists.
The all-new LEAF is the third generation of the pioneering mass-market electric vehicle and the accolade recognises its sleek design, impressive powertrain performance and intuitive technology, as well its historic role in the consumer shift to electric vehicles.
A Global Recognition for Innovation and Accessibility
The WWCOTY award celebrates vehicles that excel in areas most relevant to everyday drivers: safety, quality, price, design, ease of driving, benefits, and environmental footprint. The jury, made up of 84 automotive journalists from 54 countries, does not select a “woman’s car” – because cars are not gender-specific – but rather evaluates vehicles based on universal criteria that matter to all motorists.
Founded in 2009 by New Zealand journalist Sandy Myhre, WWCOTY aims to amplify women’s voices in the automotive industry and highlight mobility as a key enabler of personal and professional opportunities worldwide. Related News
Forum Energy Technologies, Inc. announced the appointment of The Honorable Leslie A. Beyer to its Board of Directors. Ms. Beyer will also serve as a member of the Compensation & Human Capital Committee and the Nominating, Governance & Sustainability Committee.
Ms. Beyer is the former Assistant Secretary of the Interior for Land and Minerals Management at the U.S. Department of Interior. Prior to that, Ms. Beyer served as Chief Executive Officer of the Energy Workforce and Technology Council (EWTC), the global energy technology and services association representing over 650,000 employees in the energy workforce. Before joining the EWTC, Ms. Beyer spent 15 years in Washington, DC serving in policy and public affairs roles in the U.S. Senate, U.S. State Department, and White House Executive Office of the President. Related News
Britain is like the Venezuela of the North Sea. It’s uninvestable
Britain has become as unattractive for investment as Venezuela because of Labour’s net zero crackdown on the oil industry, a North Sea boss has warned.
Jim Johnson, the chief executive of engineering group Hunting, criticised ministers for adopting a religious zeal around cutting greenhouse gas emissions, which he said had left Britain “like the Venezuela of the North Sea”.“The problem in the UK is that its politicians treat carbon reduction like a religion,” he said, accusing Ed Miliband, the Energy Secretary, in particular of having a “ridiculous approach to the energy transition”.
“In investment terms Britain is like the Venezuela of the North Sea. It’s uninvestable.” . Related News
The U.S. Energy Information Administration (EIA) published its first energy-sector forecasts through 2027 in the January Short-Term Energy Outlook (STEO).
EIA expects U.S. electricity use to grow by 1% this year and 3% in 2027. This increase would mark the first time since 2007 that power demand has risen for four years in a row and the strongest four-year growth period since 2000. The driving factor behind this surge is increasing demand from large computing centers.
“U.S. energy production remains strong, and natural gas output is expected to grow to nearly 109 billion cubic feet per day this year,” said Tristan Abbey, Administrator of the U.S. Energy Information Administration. “Natural gas supply is critical as we forecast that U.S. liquefied natural gas exports expand and electricity demand rises through 2027, driven largely by increasing demand from large computing facilities, including data centers.” Global oil prices. We expect oil prices will decline in 2026, as global oil production exceeds global oil demand, causing oil inventories to rise. Global inventories continue increasing into 2027, albeit at a slower pace. We forecast the Brent crude oil price will average $56 per barrel (b) in 2026, 19% less than in 2025, then average $54/b in 2027.
Global oil production. We expect global production of liquid fuels will increase by 1.4 million barrels per day (b/d) in 2026 and 0.5 million b/d in 2027. Global liquid fuels production growth in 2026 is driven by crude oil production growth in OPEC+, while production growth in 2027 is driven by countries outside of OPEC+, primarily in South America. Our forecast assumes existing sanctions on Venezuela remain in place through 2027.
U.S. crude oil production. After reaching an annual record of 13.6 million b/d in 2025, we forecast U.S. crude oil production will decrease in the forecast, declining by less than 1% in 2026 and by 2% in 2027. With sustained lower crude oil prices, we expect crude oil production will decrease as the slowdown in drilling activity will outpace increases in drilling productivity. The West Texas Intermediate price averages $52/b in 2026 and $50/b in 2027 in our forecast, down from $65/b in 2025.
Natural gas prices. We expect the spot price of natural gas at Henry Hub to average just under $3.50 per million British thermal units (MMBtu) in 2026, down 2% from 2025, and average $4.60/MMBtu in 2027. Natural gas prices increase in our forecast because growth in demand—led by expanding liquefied natural gas exports and more natural gas consumption in the electric power sector—will outpace production growth..Related News
Russia launched another large-scale attack on Ukraine overnight on Tuesday targeting its energy grid and killing at least four people..Russia fired 300 drones, 18 ballistic missiles and seven crise missiles at Ukraine Ukraine’s largest energy provider, DTEK, said Russia had struck one of its power plants, adding it was the eighth such attack since October. Read More
Hyundai Motor Group announced the appointment of Dr. Minwoo Park, a global expert in autonomous driving technology, as Head of its Advanced Vehicle Platform (AVP) Division and CEO of 42dot to strengthen software-defined vehicles (SDV) and autonomous driving-based vehicle software competitiveness. The appointment marks a strategic initiative by the Group to accelerate its transformation into a software-centered mobility company. Park brings expertise from leading tech companies, including NVIDIA and Tesla, where he led autonomous driving development from research through to commercialization. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) Oilprice | USD/bbl | $61.31 | Up |
| Crude Oil (Brent) | USD/bbl | $65.65 | Up |
| Bonny Light 12/01/26 CBN | USD/bbl | $66.46 | Up |
| Dubai | USD/bbl | $61.17 | Up |
| Natural Gas | USD/MMBtu | $3.43 | Up |
| Murban | USD/bbl | $65.56 | Up |
| OPEC basket 12/01/26 OPEC | USD/bbl | $61.75 | Up |
| At press time (6pm GMT) January 13, 2026 |
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OilandGasPress Energy Newsbites and Analysis Roundup |Compiled by: OGP Staff, Submit your Releases or contact us now!, victor@oilandgaspress.com
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