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)…
What we know about Trump's deal giving U.S. access to vast oil reserves in Venezuela
Venezuela's acting president, Delcy Rodríguez, described the deal as a step toward economic recovery that will modernize the country's oil industry. But the answers to questions such as how soon the reserves could be drilled and who will pay…
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…
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…
Trump's deal gives the US access to vast oil reserves in Venezuela - what we know
The White House has offered little detail regarding what President Donald Trump has described as 'THE BIGGEST OIL DEAL IN WORLD HISTORY' in Venezuela, beyond a single social media post. Trump said the arrangement announced Friday night would give…
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.
Exclusive | Inside Trump's Plan to Give the Pentagon a Stake in Venezuela's Oil Riches
President Trump spent months declaring his ouster of Venezuela's leader had secured the country's oil for America. When U.S. energy companies resisted investing at the speed and scale he wanted, his administration devised an extraordinary solution…
Chevron vs. Occidental: Which Oil Major's Dividend Is Actually Safer?
Chevron (CVX +1.05%) and Occidental Petroleum (OXY -0.12%) both operate in the energy industry. Chevron offers investors a well-above-market 3.5% yield as of this writing. Oxy's yield is 1.9%, which is still higher than the 1% or so you'd get from…
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…
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