Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
President Trump to meet with oil industry leaders as gas prices continue to rise
Updated: 8:48 AM EDT Sep 1, 2026 Editorial Standards ⓘ Trump to meet with oil industry leaders as gas prices continue to rise Updated: 8:48 AM EDT Sep 1, 2026 Editorial Standards ⓘ WASHINGTON — President Donald Trump will meet…
U.S. to partner with energy company on Venezuela oil deal - TT
A pedestrian walks past a mural featuring oil wells in Caracas, Venezuela, on Aug. 29, 2026. (Pedro Mattey/AP) The White House on Aug. 31 disclosed a U.S.-NABEP venture granting 100-year rights to 17 Venezuelan oil fields and a 35% Pentagon stake.
Trump says Venezuelan oil could replenish depleted U.S. stockpiles. Will it?
President Trump has framed last week's deal for the U.S. government to take a stake in Venezuela's oil reserves as a boon not just for gas prices, but also for the Strategic Petroleum Reserve, which has dropped to historically low levels. 'One of…
Chevron expected to expand oil operations in Venezuela, U.S. official says
Venezuela's interim President Delcy Rodriguez, U.S. Energy Secretary Chris Wright and U.S. Charge d'Affaires for Venezuela Laura Dogu visit oil production facilities at the joint venture between Chevron and state oil company PDVSA in the Orinoco…
You just move forward': Greenland Energy oil exploration delayed by a year
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Remarkable US oil deal puzzles analysts - and angers many Venezuelans
Will Grant BBC's Mexico, Central America and Cuba correspondent From the moment elite US troops swooped into Nicolás Maduro's compound in Caracas to forcibly remove him from power in January, President Donald Trump made clear that securing…
Oil Prices Push Global Bond Market Closer to the Edge
Treasury Secretary Scott Bessent has a lot of plates spinning at the moment. Even as he hosts the G-20, he is busy defending his attempts to manage the yen-dollar exchange rate, long-term Treasury yields and a renewed trade war with Canada.
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…
Chevron finalizing deal tied to Venezuela oil assets - TT
A pump jack in the Orinoco Belt of El Tigre, Venezuela. (Bloomberg) Chevron is finalizing a deal to add two giant Orinoco Belt oil fields in Venezuela's Carabobo region, significantly expanding its operations there. The agreement could…
You just move forward': Greenland Energy oil exploration is delayed by a year
A drilling rig was being retooled in Alberta. Trucks and cranes were set to ship from Denmark. More equipment was due from Houston. And a Quebec shipping firm was preparing to receive cargoes from those far flung locales at a port west of Montreal…
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 energy secretary will travel to Venezuela to unveil oil arrangement
United States Energy Secretary Chris Wright is set to travel to Venezuela, after the South American country has approved a deal that will see the US seize effective control of a large portion of its oil reserves. An anonymous US official told…
Asian Stocks Set for Declines as Oil Extends Gains: Markets Wrap
Asian stocks were set to decline Wednesday as surging oil prices pushed bond yields higher and stoked fears that resurgent inflation will force central banks to tighten monetary policy. US crude extended gains in early Asian trading after surging…
Oil giant Chevron is expected to announce it will expand operations in Venezuela, US official says
Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in Jump to content Swipe for next article Oil giant Chevron is expected to soon announce it will expand operations…
President Trump meets oil executives as US eyes Venezuelan oil expansion
Updated: 6:01 PM EDT Sep 1, 2026 Editorial Standards ⓘ President Trump meets oil executives as US eyes Venezuelan oil expansion Updated: 6:01 PM EDT Sep 1, 2026 Editorial Standards ⓘ WASHINGTON — President Donald Trump met with…
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