Shell CEO says will continue to seek natural gas opportunities in Venezuela
智通财经2026/10/06 09:56Shell CEO Wael Sawan stated on Tuesday that he believes the British oil giant's competitive advantage in Venezuela lies in natural gas rather than heavy oil, and the company will continue to seek other opportunities in the country. In June, Venezuela signed five agreements with Shell to advance oil and gas projects, including the prominent 7 trillion cubic feet Lorán offshore gas field project.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US EIA raises its forecast for next year's crude oil production in October to 14.3 million barrels per day.
For October, the US EIA Short-Term Outlook forecasts US crude oil production for next year at 14.3 million barrels per day, up from the previous estimate of 14.26 million barrels per day.
US October EIA forecasts average WTI crude oil price at $88.21 per barrel for the year
The U.S. EIA's expected average WTI crude oil price for October this year is $88.21 per barrel, compared to the previous value of $84.65 per barrel.

U.S. oil production in October is expected to rise to 14 million barrels per day.
The U.S. Energy Information Administration (EIA) expects that U.S. oil production will average 14 million barrels per day in October, up from 13.96 million barrels per day in September; in November, it is projected to average 14.04 million barrels per day.
EIA expects US oil demand to remain unchanged from 2026 to 2027
U.S. Energy Information Administration (EIA): U.S. oil demand is expected to be 20.6 million barrels per day in 2026, unchanged from the previous forecast of 20.6 million barrels per day; demand for 2027 is projected to be 20.8 million barrels per day (previously 20.8 million barrels per day).