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 Has Big Plans for Venezuela's Oil. Are They Realistic?
For more than a decade, most major Western oil companies have had little access to Venezuela's reserves, the world's largest, owing to a wave of nationalizations of their operations in the country in the mid-2000s and subsequent US sanctions.
Trump says India will buy oil from Venezuela
'We've already made that deal, the concept of the deal,' Trump told reporters aboard Air Force One. India stopped buying oil from Caracas last year after Trump in March imposed a 25% tariff on countries buying Venezuelan oil. Indian refiners turned…
Trump Says He Welcomes China, India Investment in Venezuela Oil
President Donald Trump said Saturday he welcomed investment by China and India in Venezuela's oil industry. “China is welcome to come in and will make a great deal on oil,” Trump told reporters during a flight to Mar-a-Lago on Air…
Trump says US is 'starting to talk to Cuba' as he moves to cut its oil supplies
ABOARD AIR FORCE ONE -- President Donald Trump said the U.S. was beginning to talk with Cuban leaders as his administration is putting greater pressure on the communist-run island and cutting off key oil supplies. The Republican president made the…
Oil Prices Fall Amid Signs of U.S.-Iran Negotiations
2359 GMT — Oil prices fall in early Asian trade amid signs of U.S.-Iran negotiations that could reduce supply-disruption risks. President Trump told reporters that he believes Iran is negotiating seriously with the U.S. Also, American…
Trump says India will start buying oil from Venezuela 'as opposed to Iran'
United States President Donald Trump claims India will now buy Venezuelan oil after tussles last year over the South Asian country's significant imports of Russian crude. “India is coming in, and they're going to be buying Venezuelan oil as…
OPEC+ agrees in principle to keep oil output pause for March, sources say
Feifei Cui-paoluzzo | Moment | Getty Images OPEC+ has agreed in principle to keep its planned pause on oil output increases for March when it meets later on Sunday, according to three delegates and a draft statement seen by Reuters, even…
Rosemary oil for hair loss?
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US 'welcomes' Chinese oil investment in Venezuela
US President Donald Trump on Saturday said he would “welcome” Chinese investment in Venezuela's oil industry as the South American country seeks to revive its battered economy following the kidnapping of Venezuelan President Nicolas…
Trump says the U.S. is 'starting to talk to Cuba' as he moves to cut its oil supplies
President Donald Trump said the United States was beginning to talk with Cuban leaders as his administration puts greater pressure on the communist-run island and cuts off key oil supplies. He made the comment to reporters on Saturday night as he…
Top energy expert says probability the U.S. will attack Iran soon is 75% as risk of major disruption to oil supply is priced in - 'this one is real'
Oil markets could be in for a major shock as President Donald Trump mulls a military strike on Iran, according to a top energy analyst. The Islamic Republic responded to domestic unrest with unprecedented violence, slaughtering tens of thousands of…
Trump says he welcomes Chinese investment in Venezuelan oil
WASHINGTON: United States President Donald Trump said Saturday (Jan 31) he would 'welcome' Chinese investment in Venezuela's oil industry as the South American country seeks to revive its battered economy following the ouster of leader Nicolas…
Trump says he welcomes China, India investment in Venezuela oil
Sign up now: Get ST's newsletters delivered to your inbox Published Feb 01, 2026, 12:33 PM ABOARD AIR FORCE ONE – US President Donald Trump said on Jan 31 he welcomed investment by China and India in Venezuela's oil industry. “China…
Oil deal trading houses previously prosecuted in bribery | Arkansas Democrat Gazette
Two global trading houses that brokered an opaque deal with the Trump administration last month to sell Venezuelan oil were previously prosecuted in bribery schemes involving oil sales elsewhere, court records show, underscoring concerns by…
Trump says US is 'starting to talk to Cuba' as he moves to cut its oil supplies
Nation/World President Donald Trump said the U.S. was beginning to talk with Cuban leaders as his administration is putting greater pressure on the communist-run island and... ABOARD AIR FORCE ONE(AP) — President Donald Trump said the U.S.
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