Oil Industry News
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No US Security Guarantees in Venezuela for Oil, Energy Secretary Says
US Energy Secretary Chris Wright discusses the benefits of President Donald Trump's style at the World Economic Forum, the US's ultimate goal for Venezuela's energy industry, and his plans to visit the nation's oil operations in the next few weeks.
Energy secretary says US won't provide security for oil companies in Venezuela
Energy Secretary Chris Wright said Thursday the United States will not provide on-the-ground security to oil companies operating in Venezuela as part of efforts to revitalize the country's energy industry. “We are not going to get involved…
As Trump zeroes in on Venezuela's oil, Rodríguez moves to meet his demands
Venezuelan lawmakers on Thursday backed a plan that would make it easier for foreign companies to participate in the country's oil industry, in the latest move by Caracas to meet the demands of US President Donald Trump.
Top Oil Companies To Invest In For An Oil Sector Revival
Oilfield services and refiners face short-term volatility, but structural demand supports a cautiously constructive outlook for 2026. Large, technology-driven oilfield services companies and sophisticated refiners are best positioned to benefit…
Venezuela opens debate on an oil sector overhaul as Trump seeks role for US firms
Venezuela's legislature opened debate Thursday on a bill to loosen state control over the country's vast oil sector in the first major overhaul since the late socialist leader Hugo Chávez nationalized parts of the industry in 2007. The…
US letting China buy Venezuela oil but not at 'unfair' Maduro prices: official
The Trump administration is allowing China to purchase Venezuelan oil but not at “unfair, undercut” prices at which Caracas sold the crude before the US removed President Nicolas Maduro, a US official said on Thursday.
Venezuela? Big Oil Is Seeking Riches in Another Thorny Country
The oil-rich country is starting to emerge from years of economic devastation. It sits atop of one of the world's largest petroleum reserves. And Big Oil is ready to take on the investment risk. Sound familiar? It isn't Venezuela, but Libya. For…
From an oil shocks to NATO wars, these 5 black swans could derail the stock market in 2026
Oil prices soaring, the world economy falling into a recession, and the NATO alliance dissolving top the list of one research firm's possible black swan events in 2026. Analysts at BCA Research listed five unlikely but plausible scenarios that…
U.S. Crude Oil Stockpiles Post Weekly Increase
15 best hair oils for strong, shiny hair | CNN Underscored
Top-recommended: Kérastase Elixir Ultime Original Hair Oil For damaged hair: Olaplex No. 7 Bonding Oil For heat protection: K18 Biomimetic Hairscience Molecular Repair Hair Oil For taming frizz: Verb Ghost Oil The best hair oils —…
Oil Holds Ground as Traders Track Weaker Dollar and Supplies
Oil steadied as a risk-on mood in wider markets and a weaker dollar offset concerns about higher supplies in the US and elsewhere. West Texas Intermediate held near $60 a barrel, headed for a fifth weekly gain. Brent crude closed near $64. Data on…
Venezuela opens debate on an oil sector overhaul as Trump seeks role for US firms
CARACAS, Venezuela (AP) — Venezuela's legislature opened debate Thursday on a bill to loosen state control over the country's vast oil sector in the first major overhaul since the late socialist leader Hugo Chávez nationalized parts…
Oil slides as Trump tones down Greenland, Iran threats
NEW YORK: Oil prices slid about 2% to a one-week low on Thursday after US President Donald Trump softened threats toward Greenland and Iran, and on some positive movement that could lead to a solution to end Russia's war in Ukraine. Brent futures…
US Won't Offer Security Guarantees to Oil Companies in Venezuela
The US has no plans to offer security guarantees to oil companies that plan to operate in Venezuela, Energy Secretary Chris Wright said Thursday. “We are not going to get involved in providing on the ground security for people in…
Star Oil is being victimised over fuel price floor stance - COPEC
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has accused some industry players of unfairly targeting Star Oil, one of Ghana's leading Oil Marketing Companies (OMCs), over its position on fuel pricing.
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