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The U.S. Takes Control Of Venezuelan Oil-Sort Of
Oil drillers at work in Venezuela. Original Publication: Picture Post - 5036 - Poor Little Rich Country - pub. 1950 (Photo by Harry Deverson/Getty Images) Although few details have been forthcoming, the Trump Administration's announcement that the…
What we know about deal giving US access to Venezuela oil
WASHINGTON (AP) — Besides a social media post from President Donald Trump, the White House has said little about what he is calling “THE BIGGEST OIL DEAL IN WORLD HISTORY” in Venezuela. Trump said the agreement announced Friday…
Venezuelan interim president offers details on US oil deal
Venezuelan interim President Delcy Rodríguez on Saturday provided details on her country's new oil deal with the U.S., after President Trump said much of Venezuela's oil reserves will be under “ majority U.S. control.”…
Trump just brokered a deal with the country sitting atop the world's largest oil reserves
President Donald Trump 's new oil agreement with Venezuela could give the United States access to a 65 billion-barrel crude-oil prize — an energy-security win, even if drivers are unlikely to see benefits quickly. The deal announced Friday…
Venezuela says retains 'sovereignty' in US oil deal
The United States will have majority control of 65 billion barrels of Venezuela's proven reserves in what President Donald Trump described Friday as 'the biggest oil deal in world history.' 'One thing must be absolutely clear: Venezuela retains…
Venezuela's Delcy Rodríguez says oil deal with Trump has 'endless' benefits
Venezuela's interim president, Delcy Rodríguez, has defended her government's highly controversial energy deal with Donald Trump, insisting the South American country will maintain ownership and sovereignty over its massive oil reserves.
Trump says US will refill its petroleum reserves using Venezuelan oil
United States President Donald Trump has said on social media that oil from a recently struck deal with Venezuela will be used to replenish the US Strategic Petroleum Reserve, an oil stockpile that the country keeps for emergencies and that…
Venezuelan Oil Will Be Used to Refill US Reserve, Trump Says
The US plans to use its newfound assertion of control over billions of barrels of Venezuelan crude oil to refill the nation's depleted emergency reserve, President Donald Trump said Sunday. “One of the things I am going to do with the…
Mapping the Iran war's strikes on Gulf energy - and what comes next for oil
Six months into the war on Iran, the largest US oil companies have posted their biggest profits since 2022, selling less oil at far higher prices. But the conflict is also putting their longstanding Gulf investments at risk, exposing the industry's…
What we know about Trump's deal giving U.S. access to vast oil reserves in Venezuela
Venezuela's acting president, Delcy Rodríguez, described the deal as a step toward economic recovery that will modernize the country's oil industry. But the answers to questions such as how soon the reserves could be drilled and who will pay…
Venezuela says it retains 'sovereignty' following US oil deal
Venezuela's interim President Delcy Rodriguez says the country is preserving its sovereignty despite the announcement that it will hand over the rights to billions of barrels of its oil to the United States. The “historic” deal with…
Drone Strike Causes Blaze at Oil Refinery in Russia's Kirishi
A Ukrainian drone hit caused a fire at an oil refinery in Kirishi, near Russia's Baltic Sea coast, weeks after the facility was preparing to resume operations following months of repairs following earlier strikes. The UAV attack deep within Russian…
PetroChina H1 net profit jumps 22 percent, boosted by fuel sales, oil price spike
China's largest oil and gas company, PetroChina (0857), reported on Sunday a 22 percent jump in first-half net profit, as higher oil prices and stronger fuel sales boosted earnings. SCROLL TO CONTINUE WITH CONTENT Net profit attributable to…
US and Venezuela seal 25-year oil deal
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Indian Stock Market Outlook: GDP, Crude Oil, US Payrolls to Drive Volatility
The Indian stock market is poised for a volatile week, with domestic GDP figures, fluctuating crude oil prices, and the eagerly anticipated US non-farm payrolls report set to significantly influence trading sentiment and investor decisions.
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