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Volatile Oil Prices Spur Indonesian Energy Tycoon To Get Gung-Ho On Gas
Toto Santiko Budi for Forbes Asia This story is part of Forbes' coverage of Indonesia's Richest 2025. See the full list here. Oil and gas tycoon Hilmi Panigoro 's Medco Energi Internasional is in expansion mode as it seeks to boost gas output to…
The U.S. Seized an Oil Tanker Near Venezuela
President Trump announced this afternoon that the U.S. had seized an oil tanker off the coast of Venezuela. Officials said the move was part of the Trump administration's pressure campaign against Nicolás Maduro, the leader of Venezuela.
US forces reportedly seize oil tanker off Venezuela coast
US forces have reportedly seized an oil tanker off the coast of Venezuela, in what would be a major escalation of Donald Trump's four-month pressure campaign against the South American country's dictator, Nicolás Maduro. Two US officials…
U.S. Seizes Oil Tanker Off Venezuela Coast
Trump confirmed the news reported earlier in the day by Reuters, telling business leaders at the White House the tanker was “the largest one ever seized.” Details of the seizure led by the U.S. Coast Guard—including the name of…
Trump says the US has seized an oil tanker off the coast of Venezuela
WASHINGTON -- President Donald Trump said Wednesday that the United States has seized an oil tanker off the coast of Venezuela amid mounting tensions with the government of Venezuelan President Nicolás Maduro. It's the Trump administration's…
Should Opec worry? China joins US shale oil revolution with new fracking tech
China's recent breakthroughs in fracking technology have the potential to usher in a new shale revolution that could solidify the country's energy security and reshape the international oil order. That would see China join the United States, whose…
Supertankers Racing Empty to Lift Oil Highlight Vessel Shortage
A shortage of oil tankers is becoming so acute that newly built vessels, which usually carry refined fuels on their maiden voyages, are instead racing empty to pick up crude as soon as possible. Six supertankers that were delivered this year have…
Lawmakers react to US seizure of Venezuelan oil tanker
Democratic lawmakers and Sen. Rand Paul (R-Ky.) expressed concern Wednesday that the seizure of a Venezuelan oil tanker by the U.S. could further increase tensions between the two countries, while other GOP senators said they were awaiting more…
Trump says the US has seized an oil tanker off the coast of Venezuela
WASHINGTON (AP) — President Donald Trump said Wednesday that the United States has seized an oil tanker off the coast of Venezuela as tensions mount with the government of President Nicolás Maduro. Using U.S. forces to take control of…
Companies offer $279 million for Gulf of Mexico drilling rights in first of 30 planned oil sales
WASHINGTON -- Oil companies offered $279 million for drilling rights in the Gulf of Mexico on Wednesday in the first of 30 sales planned for the region in coming years under Republican efforts to ramp up U.S. fossil fuel production. The sale came…
Daily on Energy: First Gulf lease sale, Venezuelan oil tanker seized, and Zeldin's holiday press gathering
Today's edition of Daily on Energy also takes a closer look at the second Trump administration's first lease sale held in the Gulf. While the president has vowed to substantially increase drilling activities as opposed to the Biden administration…
Dramatic moment Trump's troops storm Venezuelan oil tanker as tensions escalate
Dramatic footage shows the moment US forces stormed an oil tanker off the coast of Venezuela as tensions between the two countries escalate. In a statement on X, US Attorney General Pam Bondi alleged the vessel had been involved in an 'illicit oil…
China's Oil Hoarding Clouds Outlook for Slowing Demand Growth
China's robust stockpiling of crude is expected to continue next year, helping to cushion global markets from a swelling surplus, but masking a broader trend of slowing oil demand growth. Buying for commercial and strategic petroleum reserves…
U.S. Seizes Oil Tanker Off Venezuela in Escalation of Pressure on Maduro Regime
The U.S. seized an oil tanker off the coast of Venezuela, President Trump said Wednesday, marking a major escalation in the administration's pressure campaign against the country's leader Nicolás Maduro. The move came just hours after the…
U.S. seizes oil tanker off the coast of Venezuela, escalating tensions with Maduro
The United States today seized a tanker ship off the coast of Venezuela. Attorney General Pam Bondi said in a social media post that a warrant was executed for the crude oil tanker that was once used to transport sanctioned oil from both Venezuela…
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