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European oil stocks slip after Trump says US to import $2 bln of Venezuelan oil

ReutersJan 7, 2026 9:44 AM

European oil & gas stocks .SXEP fall around 1.7% after oil prices took a dive following U.S. President Donald Trump's announcement of an accord with Venezuela to import $2 billion worth of Venezuelan crude

The move, that is expected to increase supplies, caused a 1% fall in Brent crude futures

Nordic firms Neste NESTE.HE, Var Energi VAR.OL, Aker BP AKRBP.OL and Equinor EQNR.OL are the largest fallers of the index, falling between around 4% and 5% at 0940 GMT

French energy group TotalEnergies TTEF.PA, Italy's Eni, ENI.MI and Spain's Repsol REP.MC are down between around 2% and 3%

BP BP.L and Shell SHEL.L fall 3% and 2.4%, respectively

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