
International Energy Firms Near Upstream and Power Deals in Venezuela
Chevron, Eni and other overseas energy groups are close to finalising modified operational agreements to invest in Venezuelan oil assets and electricity systems.
European commodity, energy and shipping intelligence
Oil
Crude and refined product markets.

The European physical gasoline market experienced significant prompt tightness and steep backwardation in August 2026, driven by a structural deficit of high-octane blending components, historic logistical bottlenecks on the Rhine River, and robust summer demand in Southern Europe.

Orkhan Rustamov, CEO of Alkagesta, recently contributed an opinion piece to European Business Magazine, asserting that the global oil market is undergoing a fundamental structural transformation, making a return to previous stable pricing unrealistic.

Orkhan Rustamov, CEO of Alkagesta, recently contributed an opinion piece to City A.M., addressing the ongoing disruptions in oil markets, particularly those influenced by geopolitical events in the Strait of Hormuz.
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