Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
$100 Billion to Revive Venezuela's Energy Industry? Oil Executives Are Not So Sure
Exxon Mobil has a long history of drilling in challenging environments. The largest U.S. oil company will go almost anywhere to extract hydrocarbons if it can manage the risk and make the numbers work. Exxon pumps crude in the deep water off the…
A Trader's Guide to Venezuela as Trump Takes Over Oil Industry
President Donald Trump promises his hostile takeover of Venezuela's oil industry will inspire billions of dollars of investment from American energy companies, and it will make the people of the South American nation rich. For investors hoping to…
'Uninvestable': Trump's $100 Billion Venezuela Gamble Meets Oil Industry Reality
President Donald Trump's push for U.S. oil companies to commit at least $100 billion toward rebuilding Venezuela's energy industry is meeting significant resistance from the very executives he is courting, according to Bloomberg. Although the White…
Big Oil Knows That Trump's Venezuela Plans Are Delusional
So, about all that Venezuelan oil. Although President Trump has declared that America's oil companies will soon “go in” to Venezuela and “spend billions of dollars” to rebuild that country's petroleum industry, the…
Oil bosses hit Trump with Venezuela setback: 'uninvestable'
Developing Venezuela 's oil industry following the removal of its leader, Nicolas Maduro, would require major legal and commercial changes, Exxon CEO Darren Woods has told President Donald Trump. Woods gave a downbeat assessment of the viability of…
Why Russia's economy is unlikely to collapse even if oil prices fall
Pacing inside the Kremlin last weekend, as news feeds churned out minute-by-minute reports of Donald's Trump's Venezuelan coup, Vladimir Putin may have been wondering what it would mean for the price of oil. Crude oil has lubricated the Russian…
Trump Oil Meeting Venezuela Ends With Big Energy Holding Back
Donald Trump held a meeting at the White House yesterday with some of the biggest names in the oil industry, pushing them to invest heavily in Venezuela's struggling oil sector. The pitch was bold. Trump talked about massive opportunity, long term…
Trump signs order to protect Venezuelan oil revenue in US accounts
President Donald Trump has signed an executive order to block courts or creditors from impounding revenue from Venezuelan oil sales, held in U.S. Treasury accounts, the White House announced on Saturday. The emergency directive, issued on Friday…
Trump's Venezuelan oil rush is doomed from the start
In wake of U.S. forces abducting Venezuelan president Nicolás Maduro, President Donald Trump has bullishly predicted that American oil companies will eagerly rush to fill the fossil fuel vacuum, set up the necessary extraction infrastructure…
US could lift Venezuela sanctions next week to ease sale of oil-Bessent
The U.S. is looking at potentially lifting long-installed sanctions on Venezuela as the Trump administration seeks to tap into the South American nation's oil reserves, according to U.S. Treasury Secretary Scott Bessent. In an interview with…
Commodities Rule, From Oil to Crops
Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I'm David Westin, and this week US diplomat Richard Haass interpreted for us what President…
Trump seeks to stop courts, creditors from seizing Venezuelan oil revenue in the U.S.
U.S. President Donald Trump signed an executive order declaring a national emergency to block the seizure of Venezuelan oil revenue held in U.S. Treasury accounts. The order said the funds are the sovereign property of Venezuela held in U.S.
Readers sound off on invading for oil, ICE shooting claims and a closed library
Hoffman Estates, Ill.: Why did the U.S. invade Venezuela? President Trump has cultivated a chummy relationship with Saudi Arabia. The primary Trump liaison to Saudi Arabia is Jared Kushner, Trump's son-in-law, providing his family with connections…
What the Big Oil executives told Trump about investing in Venezuela
The CEOs ExxonMobil and ConocoPhillips told President Donald Trump that Venezuela will need big changes to attract investment. Exxon CEO Darren Woods said Venezuela is 'uninvestable' in the country's current state. ConocoPhillips CEO Ryan Lance…
Donald Trump wears 'Happy Trump' pin while meeting oil executives
President Donald Trump showed off a jaunty new pin during talks on the future of Venezuela's oil. He sported a miniature version of himself, which he said was called a 'Happy Trump', just below the traditional US flag pin on his lapel. When quizzed…
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