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's Venezuela Oil Grab Reprises Industry's Neocolonial Past
President Donald Trump's plan to seize direct control of Venezuela's oil reserves is prompting warnings that the Latin American nation will become a modern-day resource colony akin to the so-called banana republics of a century ago —…
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…
Trumps says Venezuelan oil will 'fill up' US petroleum reserve
Aug. 30 (UPI) -- U.S. President Donald Trump on Sunday said the crude oil from Venezuela will be used to 'fill up' the U.S. Strategic Petroleum Reserve. 'One of the things I am going to do with the Venezuelan Oil is fill up the Strategic National…
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…
Oil giant's retreat on clean energy shows limits of investor pressure
You have reached your maximum number of saved items. Remove items from your saved list to add more. Australia's biggest oil company became last week the latest fossil fuel giant to pare back some of its clean energy ambitions, and it almost…
US to Take Majority Control of Venezuela's Oil Wealth
Good morning. The US is taking the reins of Venezuela's oil wealth. India's growth isn't keeping pace with Modi's developed-nation dream. And SpaceX sends NASA's dark energy hunter into space. Listen to the day's top stories. The US is set to take…
Oil Rises on Iran Tensions, US Stock Futures Dip: Markets Wrap
Oil climbed and US stock-index futures slipped in early Asian trading as Middle East tensions intensified. The dollar held its gains after hawkish comments from Federal Reserve Chair Kevin Warsh strengthened bets on an interest-rate hike next…
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.”…
Opinion | Trump Takes the Oil in Venezuela
President Trump has long said he favors “taking the oil” when the U.S. intervenes overseas, and now he is doing so in extraordinary fashion. His deal announced late Friday with unelected President Delcy Rodríguez for rights to…
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…
Trump promises to 'fill up' SPR after US-Venezuela oil deal
President Trump said Sunday the U.S. will “fill up” the Strategic Petroleum Reserve (SPR) as a result of the oil deal his administration reached with the Venezuelan government. “One of the things I am going to do with the…
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…
Oil Rises Amid Renewed Fighting in Middle East
2332 GMT — Oil rises in early trade amid renewed fighting in the Middle East that could lead to supply disruptions. U.S. forces attacked two Iranian rocket launchers in the Strait of Hormuz on Sunday, the U.S. Central Command said. Central…
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.
Biggest Oil Deal In History? Trump Claims 55% Of Venezuela's Reserves For 100 Years, No Text Released
Washington: 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 night would…
Receive a Daily briefing on Oil Industry News
Get Started