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

Var Energi ASA

07/01/2026 09:44

** 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

 (Reporting by Tristan Veyet)

 ((Tristan.chabba@thomsonreuters.com))