Shell is evaluating multi‑billion‑dollar investments in offshore natural gas projects in Venezuela that could come online within the next few years, CEO Wael Sawan told CNBC, noting that some developments might be initiated within months. The potential expansion of Venezuelan gas output comes against a backdrop of firm energy prices, with both Oil – Brent Crude (CM:BZ) and Oil – US Crude (CM:CL) trading higher in recent weeks, while Natural Gas (CM:NG) has seen particularly strong gains. Investors are monitoring whether new Venezuelan supply, if realized, could reshape regional gas flows and gradually influence global LNG and pipeline markets.
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Over the past month, CM:CL has risen about 9.7%, and CM:BZ is up roughly 10.5%, reflecting resilient crude demand and ongoing geopolitical and supply uncertainties; both are currently flashing a Strong Buy and Strong Buy 1-day technical signal, respectively, suggesting short-term bullish momentum. CM:NG has advanced around 21.3% in the same period, outpacing oil benchmarks amid tightening balances and weather-driven demand, and its 1-day technical reading stands at Buy, indicating a positive near-term trend but with heightened volatility risk. Investors can explore more updates, prices, and analysis across global markets at Commodities.