Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

nytimes.com - Andrew Ross Sorkin - $100 Billion to Revive Venezuela's Energy Industry? Oil Executives Are Not So Sure
$100 Billion to Revive Venezuela's Energy Industry? Oil Executives Are Not So Sure
The New York Times

Exxon Mobil has a long history of drilling in challenging environments. The largest U.S. oil company will go almost anywhere to extract hydrocarbons if it can manage the risk and make the numbers work. Exxon pumps crude in the deep water off the…

bloomberg.com - Natalia Kniazhevich - A Trader's Guide to Venezuela as Trump Takes Over Oil Industry
A Trader's Guide to Venezuela as Trump Takes Over Oil Industry
Bloomberg

President Donald Trump promises his hostile takeover of Venezuela's oil industry will inspire billions of dollars of investment from American energy companies, and it will make the people of the South American nation rich. For investors hoping to…

zerohedge.com - Tyler Durden - 'Uninvestable': Trump's $100 Billion Venezuela Gamble Meets Oil Industry Reality
'Uninvestable': Trump's $100 Billion Venezuela Gamble Meets Oil Industry Reality
Zero Hedge

President Donald Trump's push for U.S. oil companies to commit at least $100 billion toward rebuilding Venezuela's energy industry is meeting significant resistance from the very executives he is courting, according to Bloomberg. Although the White…

theatlantic.com - Rogé Karma - Big Oil Knows That Trump's Venezuela Plans Are Delusional
Big Oil Knows That Trump's Venezuela Plans Are Delusional
The Atlantic

So, about all that Venezuelan oil. Although President Trump has declared that America's oil companies will soon “go in” to Venezuela and “spend billions of dollars” to rebuild that country's petroleum industry, the…

newsweek.com - Brendan Cole - Oil bosses hit Trump with Venezuela setback: 'uninvestable'
Oil bosses hit Trump with Venezuela setback: 'uninvestable'
Newsweek

Developing Venezuela 's oil industry following the removal of its leader, Nicolas Maduro, would require major legal and commercial changes, Exxon CEO Darren Woods has told President Donald Trump. Woods gave a downbeat assessment of the viability of…

theguardian.com - Phillip Inman - Why Russia's economy is unlikely to collapse even if oil prices fall
Why Russia's economy is unlikely to collapse even if oil prices fall
The Guardian

Pacing inside the Kremlin last weekend, as news feeds churned out minute-by-minute reports of Donald's Trump's Venezuelan coup, Vladimir Putin may have been wondering what it would mean for the price of oil. Crude oil has lubricated the Russian…

balleralert.com - poligirlsayswhat - Trump Oil Meeting Venezuela Ends With Big Energy Holding Back
Trump Oil Meeting Venezuela Ends With Big Energy Holding Back
Baller Alert

Donald Trump held a meeting at the White House yesterday with some of the biggest names in the oil industry, pushing them to invest heavily in Venezuela's struggling oil sector. The pitch was bold. Trump talked about massive opportunity, long term…

independent.co.uk - Ernest Scheyder - Trump signs order to protect Venezuelan oil revenue in US accounts
Trump signs order to protect Venezuelan oil revenue in US accounts
The Independent

President Donald Trump has signed an executive order to block courts or creditors from impounding revenue from Venezuelan oil sales, held in U.S. Treasury accounts, the White House announced on Saturday. The emergency directive, issued on Friday…

salon.com - Nicholas Liu - Trump's Venezuelan oil rush is doomed from the start
Trump's Venezuelan oil rush is doomed from the start
Salon.com

In wake of U.S. forces abducting Venezuelan president Nicolás Maduro, President Donald Trump has bullishly predicted that American oil companies will eagerly rush to fill the fossil fuel vacuum, set up the necessary extraction infrastructure…

newsweek.com - Peter Aitken - US could lift Venezuela sanctions next week to ease sale of oil-Bessent
US could lift Venezuela sanctions next week to ease sale of oil-Bessent
Newsweek

The U.S. is looking at potentially lifting long-installed sanctions on Venezuela as the Trump administration seeks to tap into the South American nation's oil reserves, according to U.S. Treasury Secretary Scott Bessent. In an interview with…

bloomberg.com - David Westin - Commodities Rule, From Oil to Crops
Commodities Rule, From Oil to Crops
Bloomberg

Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I'm David Westin, and this week US diplomat Richard Haass interpreted for us what President…

cnbc.com - Pia Singh - Trump seeks to stop courts, creditors from seizing Venezuelan oil revenue in the U.S.
Trump seeks to stop courts, creditors from seizing Venezuelan oil revenue in the U.S.
CNBC

U.S. President Donald Trump signed an executive order declaring a national emergency to block the seizure of Venezuelan oil revenue held in U.S. Treasury accounts. The order said the funds are the sovereign property of Venezuela held in U.S.

nydailynews.com - Voice of the People - Readers sound off on invading for oil, ICE shooting claims and a closed library
Readers sound off on invading for oil, ICE shooting claims and a closed library
New York Daily News

Hoffman Estates, Ill.: Why did the U.S. invade Venezuela? President Trump has cultivated a chummy relationship with Saudi Arabia. The primary Trump liaison to Saudi Arabia is Jared Kushner, Trump's son-in-law, providing his family with connections…

cnbc.com - Spencer Kimball - What the Big Oil executives told Trump about investing in Venezuela
What the Big Oil executives told Trump about investing in Venezuela
CNBC

The CEOs ExxonMobil and ConocoPhillips told President Donald Trump that Venezuela will need big changes to attract investment. Exxon CEO Darren Woods said Venezuela is 'uninvestable' in the country's current state. ConocoPhillips CEO Ryan Lance…

dailymail.co.uk - Patrick Harrington - Donald Trump wears 'Happy Trump' pin while meeting oil executives
Donald Trump wears 'Happy Trump' pin while meeting oil executives
Mail Online

President Donald Trump showed off a jaunty new pin during talks on the future of Venezuela's oil. He sported a miniature version of himself, which he said was called a 'Happy Trump', just below the traditional US flag pin on his lapel. When quizzed…

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