Oil Industry News

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reason.com - Francisco Poleo - Trump is taking a stake in Venezuela's oil industry and this crony is cashing in
Trump is taking a stake in Venezuela's oil industry and this crony is cashing in
Reason Magazine - Free Minds and Free Markets

After the ouster of Venezuelan dictator Nicolás Maduro, President Donald Trump promised to make the South American nation 'prosperous again.' Eight months later, we're getting a clear picture of how the Trump administration hopes to achieve…

pbs.org - Regina Garcia Cano, Associated Press - Proud of their oil, Venezuelans view major U.S. stake in their reserves as a surrender
Proud of their oil, Venezuelans view major U.S. stake in their reserves as a surrender
PBS

CARACAS, Venezuela (AP) — Nothing has shaped what it means to be Venezuelan today more than oil. For more than 100 years, in good times and bad, Venezuelans' identity has been built around the belief that their country's bountiful oil…

wsj.com - Collin Eaton - Why Big Oil Is Wary of Trump's Foray Into Venezuela's Oil Patch
Why Big Oil Is Wary of Trump's Foray Into Venezuela's Oil Patch
Wall Street Journal

japantimes.co.jp - Five Japanese oil distributors admit to forming price cartel
Five Japanese oil distributors admit to forming price cartel
The Japan Times

Five Japanese oil distributors admitted to forming a price cartel for gas oil sold to transport and other companies in Tokyo, at the first hearing of their trial at Tokyo District Court on Thursday. East Japan Usami and Kyoei Sekiyu of Tokyo, Eneos…

theguardian.com - Lucy Swan - The US and Venezuela: a century-old relationship drenched in oil
The US and Venezuela: a century-old relationship drenched in oil
The Guardian

Written in the middle of the last century, the US Department of State memo conveys its message in a curt and undiplomatically honest tone: the glue that binds Washington to Caracas is, and is always likely to be, oil. “All US policies toward…

standard.co.uk - Rob Freeman - Milei declares 'Falklands are Argentinean' amid oil sanctions
Milei declares 'Falklands are Argentinean' amid oil sanctions
Evening Standard

Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Argentina President Javier Milei has…

independent.co.uk - Regina Garcia Cano - Venezuelans' pride is bruised by deal to give US one-fifth of their oil reserves
Venezuelans' pride is bruised by deal to give US one-fifth of their oil reserves
The Independent

Nothing has shaped what it means to be Venezuelan today more than oil. For more than 100 years, in good times and bad, Venezuelans' identity has been built around the belief that their country's bountiful oil resources belong to the people, not a…

bbc.co.uk - Chris Graham - Argentine leader says oil firms working off Falklands face sanctions
Argentine leader says oil firms working off Falklands face sanctions
BBC

Argentina's President Javier Milei has said he will sanction oil companies working off the Falklands as he reiterated the country's claim on the British overseas territory in the south-west Atlantic Ocean. In a national address, Milei said the…

standard.co.uk - Sophie Wingate - Argentina's president to make Falklands statement amid reports of oil sanctions
Argentina's president to make Falklands statement amid reports of oil sanctions
Evening Standard

Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Argentina's president is preparing to make a…

bloomberg.com - Mia Gindis - Polymarket Launches Perpetual Oil Futures in 24/7 Trading Push
Polymarket Launches Perpetual Oil Futures in 24/7 Trading Push
Bloomberg

Polymarket has launched perpetual futures contracts tied to oil, stepping into a market that rival Kalshi Inc. is also seeking to enter as trading venues compete to offer round-the-clock access to the commodity. The company announced the launch…

wsj.com - Oil Rises Amid Elevated Supply-Disruption Concerns
Oil Rises Amid Elevated Supply-Disruption Concerns
Wall Street Journal

2332 GMT — Oil rises in early Asian trade amid elevated concerns over supply disruptions in the Middle East. “Iran's military said it targeted U.S. bases in Kuwait and the U.A.E.,” ANZ Research analysts said, citing state-run…

zerohedge.com - Tyler Durden - Futures Flat As Yields Ignore Oil Meltup
Futures Flat As Yields Ignore Oil Meltup
Zero Hedge

Futures are flats with Tech in line and small caps lagging even as bond yields dip 1bp across the curve, ignoring the continued rise in oil. In a quiet session ahead of tomorrow's jobs report, Japan remains the standout, with the yen strengthening…

bloomberg.com - Eric Balchunas - Your ETF of the Moment: Riding the Wild, War-Fueled Oil Market
Your ETF of the Moment: Riding the Wild, War-Fueled Oil Market
Bloomberg

Listen and subscribe to Trillions on Apple, Spotify, iHeart and the Bloomberg Terminal. Oil has been one of the wildest trades of the year, surging and retreating as the US-Israel war with Iran — and President Donald Trump's struggle to find…

theweek.com - Joel Mathis, The Week US - What does Trump's oil deal mean for the future of Venezuela?
What does Trump's oil deal mean for the future of Venezuela?
The Week

President Donald Trump last week announced the United States is obtaining rights to 65 million barrels of Venezuelan oil reserves. The agreement was made under the auspices of unelected President Delcy Rodríguez, who owes her position to the…

winnipegfreepress.com - Regina Garcia Cano, The Associated Press - Venezuelans' pride is bruised by deal to give US one-fifth of their oil reserves
Venezuelans' pride is bruised by deal to give US one-fifth of their oil reserves
Winnipeg Free Press

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