Oil Industry News
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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)…
Venezuela says retains 'sovereignty' in US oil deal
The United States will have majority control of 65 billion barrels of Venezuela's proven reserves in what President Donald Trump described Friday as 'the biggest oil deal in world history.' 'One thing must be absolutely clear: Venezuela retains…
Mapping the Iran war's strikes on Gulf energy - and what comes next for oil
Six months into the war on Iran, the largest US oil companies have posted their biggest profits since 2022, selling less oil at far higher prices. But the conflict is also putting their longstanding Gulf investments at risk, exposing the industry's…
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…
Venezuela says it retains 'sovereignty' following US oil deal
Venezuela's interim President Delcy Rodriguez says the country is preserving its sovereignty despite the announcement that it will hand over the rights to billions of barrels of its oil to the United States. The “historic” deal with…
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…
Drone Strike Causes Blaze at Oil Refinery in Russia's Kirishi
A Ukrainian drone hit caused a fire at an oil refinery in Kirishi, near Russia's Baltic Sea coast, weeks after the facility was preparing to resume operations following months of repairs following earlier strikes. The UAV attack deep within Russian…
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…
Indian Stock Market Outlook: GDP, Crude Oil, US Payrolls to Drive Volatility
The Indian stock market is poised for a volatile week, with domestic GDP figures, fluctuating crude oil prices, and the eagerly anticipated US non-farm payrolls report set to significantly influence trading sentiment and investor decisions.
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…
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.
Venezuela says Trump's historic oil deal targets 1.5M barrels per day, could generate $200B
Venezuelan interim President Delcy Rodriguez on Saturday touted a 'historic' oil agreement with the United States announced by President Donald Trump. Speaking during an evening address, Rodriguez celebrated the agreement, saying it would help…
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…
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