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: rebuilding Venezuela's oil industry will take less than 18 months
President Trump projects it will take less than 18 months for oil companies to rebuild Venezuela's energy infrastructure. Becky Anderson asks Javier Blas, Energy & Commodities Opinion Columnist at Bloomberg, what that entails.
Trump: May Subsidize Oil Industry, Venezuela Briefing, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
Will Americans benefit from a rebuilt and improved Venezuelan oil industry?
Getting your Trinity Audio player ready... Ed Hirs, an energy economist at the University of Houston, said he is skeptical American oil companies will go along with President Donald Trump's plan for the Venezuelan oil industry. Hirs is also…
Venezuela's oil industry is in shambles after decades of socialism - but Trump needs it to make the country great again
President Trump has made clear he wants to revitalize Venezuela's oil industry so he can use the cash to make the country great again — but the sector is in shambles after decades of plunder, talent flight and negligence as a result of…
Economist, oil industry weigh potential impact of tapping Venezuela oil reserves
Energy stocks dipped before climbing on Monday, fueled by hopes that the Trump administration plans to tap into Venezuela's massive oil reserves. Experts in the oil industry caution that the process will take years and billions of dollars in…
Here's what to know about Venezuela's oil industry in five charts
Here's what to know about Venezuela's oil industry in five charts As everyone knows, the oil business in Venezuela has been *** bust, *** total bust for *** long period of time. They were pumping almost nothing by comparison to what they could.
Trump floats reimbursing US oil companies to rebuild Venezuela's energy industry
President Trump suggested that the US government could reimburse American oil companies if they invest billions in resuscitating Venezuela's energy industry. Trump told NBC News that he thinks American firms could get Venezuela's oil fields…
How Venezuela's Oil Could Shake Up the World Supply
Oil markets have remained relatively calm since the ouster of President Nicolas Maduro of Venezuela on Saturday, reflecting how the country's influence as a global energy player has dwindled in recent years. Despite sitting on what are ranked as…
Venezuelan oil could be risky for U.S. firms
Over the weekend, following the capture of leader Nicolás Maduro, Trump indicated that the U.S. would run Venezuela's oil industry — along with the rest of the country. He said that U.S. firms would take it over. Trump told reporters…
Trump to Meet Oil Bosses to Push for Venezuela Output Revival
US President Donald Trump is set to meet with energy executives at the White House within the next week as he seeks to enlist Western companies in rebuilding Venezuela's oil industry. The parties have discussed a possible meeting as soon as…
Wright to meet with oil companies as Trump seeks to move on Venezuela reserves
Energy Secretary Chris Wright plans to meet with oil companies in the wake of the Trump administration's capture of Venezuelan leader Nicolás Maduro. A spokesperson for the Energy Department confirmed that the meeting will occur, saying in a…
Trump dangles incentives for US to unleash Venezuelan oil
Energy Secretary Chris Wright plans to talk this week with major oil industry executives about bringing Trump's plan to fruition, according to Bloomberg News and other outlets. Oil analysts have predicted that crude output in Venezuela could…
Carney says Venezuela reserves no threat to Canada's 'low risk' oil - BBC News
Prime Minister Mark Carney has said he's not concerned about the future of Canadian oil even if Venezuela begins to produce more of the product following the US seizure of Nicolás Maduro. Speaking to reporters in Paris, Carney said Canadian…
Trump says U.S. may reimburse firms for Venezuela oil efforts
U.S. President Donald Trump suggested the United States may subsidize efforts by energy companies to rebuild Venezuela's oil industry as his administration seeks to convince firms to invest in the country days after ousting strongman Nicolas…
Tourmaline Oil Corp. stock falls Tuesday, underperforms market
Shares of Tourmaline Oil Corp. TOU shed 1.55% to C$59.15 Tuesday, in what proved to be an otherwise all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.58% to 32,407.02. Tourmaline Oil…
Receive a Daily briefing on Oil Industry News
Get Started