Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Trump says he has secured a vast U.S. stake in Venezuelan oil industry
President Donald Trump announced Friday night that the United States had secured a long-term stake in a vast share of Venezuela's oil fields, a potentially costly and legally precarious proposal that aims to nudge reluctant energy companies to…
How To Manipulate The Oil Market For Profit
A trader works on the floor of the New York Stock Exchange (NYSE) at the closing bell, in New York on July 24, 2026. Oil prices surged past $100 a barrel on Thursday as Iran-backed Houthi rebels targeted Red Sea shipping as threats by US President…
Top energy trader hails Trump's Venezuela oil deal as a 'generational win' for gas prices
President Donald Trump's newly announced deal to secure majority U.S. control of more than 65 billion barrels of Venezuelan oil reserves marks a 'generational win' that could lower gas prices for American families, according to oil trader Phil…
Democrats sound alarm on US-Venezuela oil deal: 'This isn't a win'
Democratic leaders slammed Friday's announcement by President Trump on a new deal to acquire majority U.S. control of over 65 million barrels of Venezuelan oil. “Let's be clear: this isn't a win,” Maryland Sen. Chris Van Hollen (D)…
Trump announces massive oil deal with Venezuela
“This Historic Transaction MORE THAN DOUBLES American Oil Reserves, greatly increases our Oil Supply, and will substantially lower Gas Prices for all Americans, long into the future, while helping to continue to set Venezuela on a course…
Trump says US is taking partial control of Venezuela's vast oil reserves
President Donald Trump on Friday announced an unprecedented U.S. push to take control of a fifth of Venezuela's vast oil reserves, betting that American companies can revive the OPEC nation's battered energy industry while delivering a new source…
US and Venezuela reach 'historic' oil deal, Trump says
The US has reached a deal with Venezuela to control more than 65 billion barrels of its proven oil reserves, according to President Donald Trump. 'This Historic Transaction MORE THAN DOUBLES American Oil Reserves, greatly increases our Oil Supply…
Trump touts access to 65 billion barrels of Venezuelan oil in deal he says will slash gas prices
President Donald Trump on Friday touted an agreement with Venezuela that he said would lower gas prices by giving the U.S. majority control over 65 billion barrels of oil from the South American country's proven reserves. The breakthrough comes as…
Trump says US will take part control of Venezuela oil reserves in unprecedented plan
President Donald Trump has set out an unprecedented plan for the US to take charge of a fifth of Venezuela 's extensive oil reserves. The move relies on American firms restoring the OPEC member's struggling energy sector, while providing additional…
U.S. to take control of major portion of Venezuelan oil wealth
The U.S. is set to take majority control over a huge amount of Venezuela's oil wealth in an unprecedented maneuver that officials said would create the world's second-largest private oil company by reserves and secure American petroleum supplies…
Falmouth Harbour offers vegetable oil fuel to boat owners
A harbour is offering hydrotreated vegetable oil (HVO) to boat owners for the first time. Falmouth Harbour has used the renewable alternative to marine diesel to power its fleet of workboats for a year and has now put it on sale at its fuel berth…
Trump's Venezuela oil deal may not lower gas prices anytime soon
President Donald Trump 's announcement of a deal aimed at securing access to more than 65 billion barrels of Venezuelan oil has fueled some speculation that gasoline prices could eventually fall for drivers who are paying high prices at the pump.
Trump aims to revive economy, lower energy costs with Venezuela oil deal
WASHINGTON (AP) — President Donald Trump said Friday that his administration has entered a sweeping agreement with Venezuela that, if realized, could give the U.S. access to vast amounts of the South American country's untapped oil reserves…
Trump announces new US oil agreement with Venezuela
Donald Trump announced Friday a new US oil agreement with Venezuela's interim president Delcy Rodríguez, saying the US will have “majority” control of 65bn barrels of proven oil reserves. The terms of the agreement remain to be…
Donald Trump boasts as US makes oil move after deposing Venezuela's Maduro
Donald Trump has made a bare-faced boast cementing his true aims in Venezuela after deposing the country's former leader and shipping him to the US. The US President declared this weekend that a deal made with the nation, led by interim President…
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