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U.S. Races to Sell Venezuelan Oil, Transforming Ties With Former Foe
The United States government is brokering the sale of millions of barrels of Venezuelan oil, which have been trapped in the country since the Trump administration started a partial blockade against tankers carrying crude from Venezuela, according…
Will the U.S. Inherit Venezuela's Oil Curse?
It was the 1970s, and Venezuela was awash in oil money. A lavish metro system was being dug out of the soil in Caracas, fit with air conditioning. Skyscrapers were rising in the capital and other cities as foreign companies sought to muscle their…
US completes first sale of Venezuelan oil
The official also said additional sales are expected in the coming days and weeks. Semafor first reported the deal, including that revenue from it is being held in bank accounts, including one in Qatar, that are controlled by the U.S. government.
Imperial Oil Ltd. stock rises Wednesday, outperforms market
Shares of Imperial Oil Ltd. IMO rose 3.11% to C$137.43 Wednesday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.14% to 32,916.47. Imperial Oil Ltd. closed 2.6%…
U.S. Makes First Venezuelan Oil Sale, Valued at $500 Million
The Trump Administration secured its first sale of Venezuelan oil since its aggressive military operation in the South American country that led to the capture of the nation's president, Nicolás Maduro. The sale, confirmed to TIME by a Trump…
Asian shares are mostly lower and oil sinks $2 after Trump says Iran stopped killings
HONG KONG -- Asian shares were mostly lower and U.S. futures also fell Thursday after Wall Street retreated, dragged down by falls in Big Tech stocks. Oil prices fell more than $2 a barrel after U.S. President Donald Trump said he was told…
US completes first $500 million sale of Venezuela oil
The United States has made its first sale of Venezuelan oil valued at USD 500 million, according to the Donald Trump administration, as reported by the New York-based news outlet Semafor. The development comes following the capture of Nicolas…
Iran Protests: Why Oil Prices Fell After Trump's Signal
Oil markets unwind risk premiums as Trump's de-escalation signal calms fears of Iran strikes. (Photo by CARLOS BARRIA / POOL / AFP) (Photo by CARLOS BARRIA/POOL/AFP via Getty Images) Brent crude slipped about 1–2% within hours of President…
U.S. Crude Oil Stockpiles Post Weekly Increase
Oil Companies Aren't Sold on Venezuela
President Trump's sweeping plan for Venezuelan oil is coming into focus. It includes cutting off illicit crude exports, gaining more control over Venezuela's state-run oil company and rebuilding infrastructure. Some of these goals require the…
Russia could face costly write-offs in Venezuela on its oil assets and arms loans, think tank analyst says
Russia could be staring down a painful financial reckoning in Venezuela after the US military operation on January 3 threw into doubt years of strategic investment and cooperation between Moscow and Caracas, according to a think tank analyst.
TALARICO, AUCHINCLOSS: Trump's blood for oil strategy is as reckless as it is illegal
The president is pitching blood for oil in Venezuela. It's a dangerous mission, a corrupt deal and a lawless precedent. Congress must stop this recklessness before it costs the lives of American troops. One of us is a congressman who commanded…
Cargill Shipping Boss Says Low Oil Makes It Harder to Cut Carbon
Weak oil prices are making it harder for the shipping industry to decarbonize, according to the president of commodities giant Cargill Inc. 's freight-trading business. With a chartered fleet of more than 600 ships, Cargill has been at the…
Oil Slips After Trump Appears to Tilt Away From Military Action in Iran
2347 GMT — Oil slips in the early Asian session after President Trump appears to tilt away from military action in Iran. Trump said on Wednesday that Iran had stopped killing anti-regime protesters and wouldn't execute those it accused of…
Venezuela Oil Output to Jump 50% Over Next Decade, Enverus Says
Venezuela's return to growth in the global oil market following the US capture of long-time leader Nicolas Maduro is forecast to boost crude output by roughly 50% over the coming decade, according to industry consultant Enverus. Production is…
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