Interior Secretary Burgum thinks seeing historic shift where OPEC's power is going to be diminished - CNBC

Interior Secretary Burgum's comments on a potential diminishment of OPEC's power suggest a notable shift in the global energy landscape.

Newsquawk StaffPublished 12 Jan 2026, 19:34 UTCOn the live feed at 19:14 UTC — 6 more headlines followed before this page went public

Newsquawk headlinesUTC

19:17

The White House is weighing a last-ditch Iranian offer to engage in diplomacy over curbing its nuclear programme even as President Trump currently leans toward authorising fresh military strikes on Iran, WSJ reports citing officials

19:15

House Speaker Johnson says he intends to let Fed Chair Powell investigation play out and not jump to any conclusions

19:14

Interior Secretary Burgum thinks seeing historic shift where OPEC's power is going to be diminished - CNBC

19:13

Medtronic (MDT) exec says dividend is not getting in way of M&A and no change in dividend policy

19:07

Elon Musk on Apple (AAPL) and Google (GOOGL) collab, says it seems like an unreasonable concentration of power for Google, given they also have Android and Chrome

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free

Free. No signup, no card.

If start seeing low oil prices it is an opportunity to fill the SPR.

Context

If this leads to lower oil prices, it could create a strategic opportunity for the U.S. to replenish its Strategic Petroleum Reserve (SPR), impacting supply dynamics and potentially creating downward pressure on WTI prices.

Energy · last 90 days

Recent headlines that moved markets

ENERGY/8 Sept · 19:50 UTC

Iran launched an attack against US Navy ships on Monday that the US military has yet to acknowledge, WSJ reports, citing US officials.

Brent crude, after we published+0.8%

Immediate upside seen in oil following these reports.

ENERGY/8 Sept · 05:23 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Brent Nov'26, after we published+1.0%

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

ENERGY/27 Aug · 17:46 UTC

The Trump administration has repeatedly told mediators it has no interest in going back to the terms of the MoU it reached with Iran in June, reports WSJ citing sources

Brent crude, after we published+1.4%

ENERGY/25 Aug · 19:26 UTC

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

Brent crude, after we published−2.4%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Related headlines

The whole workspace, free to try.

© 2026 Newsquawk. All rights reserved.