Chevron's (CVX) Tengizchevroil cancels loading of five CPC blend oil cargoes scheduled for January to February, according to sources

Chevron's cancellation of five CPC blend oil cargoes is primarily a supply-side issue stemming from ongoing power supply problems at the Tengizchevroil project.

Newsquawk StaffPublished 20 Jan 2026, 14:40 UTCOn the live feed at 14:20 UTC — 5 more headlines followed before this page went public

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Chevron's (CVX) Tengizchevroil cancels loading of five CPC blend oil cargoes scheduled for January to February, according to sources

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Co.'s 10 year oil production reportedly remains shut for an additional 7-10 days amid power supply issues.

Context

This might tighten global oil supply temporarily, which could support prices for WTI and Brent, particularly against a backdrop of already high energy prices. Traders should watch for potential disruptions in further production and the ensuing impact on price dynamics in the oil market.

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