08 Jan Energy Price, News updates, Brent $61.20/bbl, WTI Crude $57.06/bbl, OPEC $58.51/bbl
(Oilandgaspress) 08/01/26 – Chinese energy companies with operations in Venezuela have reportedly asked it’s government for guidance in how to protect their investments in the South American country now that the United States has effectively taken control of its oil industry. China is the biggest buyer of Venezuelan oil and, consequently, it stands to lose the most from the redirection of Venezuelan crude to the United States. At the same time, the impact may not be as severe as some believe, because Iran and Russia also produce heavier crude grades, and China is the main destination of those.
The information comes from Bloomberg, which cited unnamed sources as saying CNPC had been the leader of the group to broach the subject with Beijing, which earlier this week slammed the U.S. federal government for bullying Venezuela. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) Oilprice | USD/bbl | $57.06 | Up |
| Crude Oil (Brent) | USD/bbl | $61.20 | Up |
| Bonny Light 31/12/25 CBN | USD/bbl | $63.42 | Down |
| Dubai | USD/bbl | $58.35 | Down |
| Natural Gas | USD/MMBtu | $3.45 | Down |
| Murban | USD/bbl | $61.52 | Up |
| OPEC basket 06/01/26 OPEC | USD/bbl | $58.51 | Down |
| At press time January 08, 2026 . |
US President, Donald Trump reserves the right to use military force to secure oil interests in Venezuela, White House press secretary Karoline Leavitt said Wednesday.
“The president, of course, reserves the right to use the United States military if necessary,” Leavitt told reporters at a press conference.
Trump has called for U.S. oil majors to invest billions of dollars to rebuild Venezuela’s energy sector. When asked whether the president would deploy troops to protect U.S. oil workers, Leavitt said Trump would do what is in the best interests of the American people and the energy industry.. Related News
Donald Trump has threatened to stay in Venezuela for years as the United States positions itself to “take oil” and “rebuild” the country for American gain.
Asked by the New York Times whether he plans to stay in Venezuela for three months, six months, a year or longer, the US president replied: “I would say much longer.”. Related News
Centrica plc announces that it purchased on 7 January 2026 (through J.P. Morgan Securities plc JPM) 1,088,950 Centrica plc ordinary shares of 6 14/81 pence each at a price of 176.5194 pence per share. The purchased shares will be held as treasury shares. Such purchase was effected pursuant to the second tranche of the Company’s buyback programme announced on 22 September 2025 and in accordance with the non-discretionary share repurchase agreement entered into with JPM as also announced on 22 September 2025. Related News
With Mercedes‑Benz’s MB.DRIVE ASSIST PRO, driving assistance and navigation merge to create a completely new and safe driving experience. At the press of a button, the vehicle can navigate through a new city, providing advanced SAE-Level 2 assistance from the parking lot to the destination. Thanks to Mercedes‑Benz’s cooperative steering approach, steering adaptions are possible at any time without deactivating the system.
MB.DRIVE ASSIST PRO uses some 30 sensors, including 10 cameras, 5 radar sensors and 12 ultrasonic sensors. All of them provide raw data to an extremely powerful supercomputer, which is capable of up to 508 TOPs.
MB.DRIVE ASSIST PRO has already been available in China since end of 2025 and will come to the U.S. market later this year. Related News
ENGIE North America (ENGIE) brings two new community solar farms online. The clean energy generated by these facilities will be made available to the state’s electric grid. Local residents and businesses subscribe to the solar farms through Ampion, a community solar subscription management company that will oversee subscriber enrollment and customer service.
The Knox 2A and Knox 2B projects, located in Galesburg, Illinois, will generate clean energy, cut carbon emissions and provide meaningful bill savings to local subscribers. Together, the two projects will produce more than 8.2 million kilowatt-hours annually, avoiding over 7,800 tons of carbon dioxide emissions – the same as taking 1,655 cars off the road for a year.
A community solar farm is a privately owned business established to capture energy from the sun and convert it into electricity that flows into the utility grid. Residents and businesses can subscribe to a share of the farm’s output and, in turn, receive credits on their monthly electricity bills that reduce costs. ENGIE owns and operates the Knox solar farms, while Ampion provides subscription management by enrolling new participants and supporting them as customers.Read More
Renault Twingo E-Tech electric!
Following its reveal in November 2025 and the publication of prices in December, the electric city car rewriting the rules of its segment is making its way to Belgium for the start of the new year. From 9 to 18 January, it will be flaunting its cheery, playful personality on the Renault stand at the Brussels Motor Show, alongside Clio, Renault 4 E-Tech electric, Renault 5 E-Tech electric and Renault 5 Turbo 3E, among others. This first public event will be an opportunity for visitors to discover its practical features and modular design, including: independent, sliding rear seats, boot space of up to 360 litres, and a front passenger seat backrest that folds to accommodate objects up to 2 metres long.. Related News
Baker Hughes Rig Count: International -8 to 1,065., U.S. +1 to 546 Canada -17 to 101
International Rig Count is down 8 from last month to 1,065 with land rigs down 2 to 845, offshore down 6 to 220.
The Worldwide Rig Count for December was 1,783, down 30 from the 1,812 counted in November 2025, and down 82, from the 1,865 counted in December 2024.
| Region | Period | Rig Count | Change |
| U.S.A | 30 December 2025 | 546 | +1 |
| Canada | 30 December 2025 | 101 | -17 |
| International | December 2025 | 1065 | -8 |
Baker Hughes |
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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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