Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Opinion: As Trump pivots to Venezuela for energy, U.S big oil and big money invest in Canada
Please log in to bookmark this story. Create Free Account In Texas and New York, big oil and big money are placing their bets on the future of the energy industry. Major American oil companies and asset managers are lining up to invest in Canadian…
White House says deal to take control of Venezuelan oil will rely on North American Blue Energy Partners
The Trump administration's plan to take a stake in tens of billions of barrels of Venezuelan oil reserves will hinge on a private company called North American Blue Energy Partners, the White House announced Monday, offering more details on the…
What we know about the US-Venezuela oil agreement
The agreement granting the United States control over about one-fifth of Venezuela's oil reserves rests on vague terms that raise questions about how it will be implemented. SCROLL TO CONTINUE WITH CONTENT Here is what we know so far about the…
US oil firm to take over some Venezuelan oilfields previously run by Chinese, Russian companies, officials say
US oil company North American Blue Energy Partners will take over some oilfields previously controlled by five Chinese companies and a Russian firm, two US officials told Reuters on Monday. SCROLL TO CONTINUE WITH CONTENT The takeover will be part…
What the latest U.S.-Iran strikes mean for oil supplies and maritime safety
For perspective on the latest developments in the war with Iran, we now get two views. Retired Rear Admiral Mark Montgomery spent 32 years in the U.S. Navy. He served on the National Security Council staff and later was policy director on the…
US-Venezuela oil deal deepens China's energy security squeeze
A landmark oil agreement between Washington and Caracas threatens to cut Chinese refiners off from a cherished source of discounted crude, handing the United States greater sway over global oil prices. US President Donald Trump announced on August…
Daily on Energy: What we know about the US-Venezuela oil deal
What we do know is that Trump said the U.S. had secured majority control of more than 65 billion barrels of proven reserves in Venezuela. This appears to be possible through the formation of a new company, which is being created by the U.S. and an…
Days after Trump announces Venezuela oil deal, White House fills in some of the details
WASHINGTON — The White House on Monday said it's partnering with North American Blue Energy Partners as part of President Donald Trump 's push to tap into Venezuela's oil industry, setting up a deal that will give the Pentagon a stake over…
Days after Trump announces Venezuela oil deal, White House fills in some of the details
A pedestrian walks past a mural featuring oil wells in Caracas, Venezuela, Saturday, Aug 29, 2026, a day after President Donald Trump announced a deal giving the United States a stake in Venezuela's oil reserves. (AP Photo/Pedro Mattey) (AP…
Oil's fresh surge highlights a growing threat to the stock market's biggest catalyst
Investors on Monday were reminded the Iran war is still going, with stocks sagging as oil prices and bond yields spiked after the US and Iran traded fire for the first time in weeks. Brent oil cruised back above $90 a barrel and US crude topped $85…
White House working with North American Blue Energy Partners on Venezuela oil deal
Email Address: I consent to the Terms and Conditions, Cookie and Privacy Policies. I consent to CASL agreement. Already have an account? Log in here - To continue reading, please subscribe: One year of digital access for only $205 * Enjoy unlimited…
Will Trump's Venezuela oil deal lower U.S. gas prices? Here's what experts say.
President Trump on Friday said a U.S. deal with Venezuela to tap its oil reserves 'will substantially lower Gas Prices for all Americans, long into the future.' With the average U.S. gas price still above $4 a gallon nationwide, American consumers…
Analyst breaks down challenges U.S. will face to unlock Venezuela's oil
President Trump is calling it the largest oil deal in world history. He announced an agreement in which the Pentagon would become an investor in a private company granted exclusive oil development rights in Venezuela. The deal would be…
The Latest: Trump oil deal raises questions, Vance and Bessent seek to reassure allies
Venezuelans are expressing outrage and the oil industry is waiting for details on President Donald Trump's announcement that Venezuela 's acting president has agreed to give an unnamed U.S. company control of vast amounts of the South American…
Return to Peak Venezuela Oil Output to Take Decades, Rystad Says
Venezuelan oil production will take decades to return to its peak of more than 3 million barrels a day even as a deal with the US prompts a boost in near-term output, according to Rystad Energy. President Donald Trump announced Friday the US…
Receive a Daily briefing on Oil Industry News
Get Started