Tengizchevroil announces a temporary suspension of oil production

The temporary suspension of oil production by Tengizchevroil could tighten supply in the market, particularly if this event is prolonged or widespread.

Newsquawk StaffPublished 19 Jan 2026, 08:17 UTCOn the live feed at 07:57 UTC — 4 more headlines followed before this page went public

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08:10

European Movers: WH Smith (SMWH LN) +8.0%, Bayer (BAYN GY) +6.5%, BAE Systems (BA/ LN) +1.8%, ASM International (ASM NA) +1.6%, BMW (BMW GY) -4.9%, Mercedes Benz (MBG GY) -3.7%

08:01

Reports from China's media is that Xiaomi's (1810 HK) new phone will utilise TSMC's M3P process instead of 2nm node

07:57

Tengizchevroil announces a temporary suspension of oil production

07:48

UK Chancellor Reeves has reportedly called off her speech at the LSE today, instead will be attending a briefing with PM Starmer

07:29

Samsung Electronics (005930 KS) foundry fab utilisation rate in H1-2026 is expected to be in the 60% range, vs a 50% range in H2-2025, Zdnet reports citing sources

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Context

Given the ongoing global energy concerns, any disruption can influence WTI prices, potentially leading to upward pressure. Traders should monitor the situation closely for implications on overall market dynamics and price movements.

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