Exxon Assessing 7 Areas in Venezuela For Possible Energy Projects, Sources Say

Conventional Energy, Latest, Oil, US News / By

A preliminary agreement between ExxonMobil, the Venezuelan government and state oil company PDVSA allows the US oil producer to evaluate seven areas for development that include undeveloped fields, mature areas and an exploration block, four people close to the matter said. The sources provided details about a memorandum of understanding that Exxon and PDVSA signed …

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Oil Prices Slip as Rising OPEC+ Production and Peace Prospects Offset Middle East Supply Risks

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EnergyNow Morning Oil Price Report Report Date & Time: November 12, 2026 – 4:34 a.m. MST – Using Trading View Prices See Up-To-Date Prices Here Summary WTI crude is down at US$86.16 per barrel, falling US$0.37, or 0.43%, from Wednesday’s official settlement of US$86.53. Prices have recovered from steeper overnight losses but remain under pressure. …

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Exxon Files Legal Challenge to EU Carbon Capture Law

Conventional Energy, Latest, Oil, Pinned Primary / By

  ExxonMobil has filed a confidential legal challenge to the European Union’s carbon capture rules, the Financial Times reported on Wednesday, citing a memo from the European Commission. Here are a few details * The oil major has initiated arbitration proceedings against the EU over provisions in the bloc’s Net-Zero Industry Act that require major …

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FRIENDS IN HIGH PLACES: How a Vitol Trader’s Ties to JD Vance Helped Land a Prized Venezuela Oil Contract

Conventional Energy, Latest, Oil, US News / By

Nov 11 (Reuters) – A week before the United States invaded Venezuela in January and captured its authoritarian leader, US Vice President J.D. Vance flew in Air Force Two for a visit to Montana’s Yellowstone Club, an ultra-exclusive ski and golf resort. There, he met an old friend and early financier of his political career, …

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RUSSIAN DIESEL SHUNNED: US Companies Shunning Russian Diesel as Tanker Carrying That Fuel Idles off East Coast

Diesel Fuel, Energy Topics & Technology, Latest, US News / By

Summary Banks, ports and importers reluctant, analysts and traders say Attorney says legal fees for congressional probes could be steep US diesel pump price still up more than 60% from pre-war level (Reuters) – US companies are unlikely to import Russian diesel as a tanker full of the fuel idles off the US Eastern Seaboard, …

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Iran Tells COP31 it Wants Compensation for Environmental Damage From US-Israeli Strikes

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Reuters Iran’s President Masoud Pezeshkian told the COP31 climate conference on Wednesday his country wanted compensation for environmental damage caused by US and Israeli strikes, saying the issue related to global efforts to fight climate change. “We expect the global community to establish a genuine and meaningful link between climate commitments in times of peace …

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COMMENTARY: Trump’s Iran War Pause is as Costly as New Strikes: Bousso

Conventional Energy, Latest, Oil, US News / By

    As US President Donald Trump weighs his next steps in the Iran war, Gulf energy producers have adapted to a no-war, no-peace reality that is making their operations more expensive and risky. Even without renewed full-scale fighting, those additional costs could help put a floor under global oil prices. The question is how …

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GULF OF MEXICO: Trump Administration Finalizes $480 Million Loan to Arena, in First Such Aid to Oil and Gas

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, Offshore, Oil, US News / By

(Reuters) – The Trump administration closed a $480 million loan to private energy company Arena Energy to help boost oil and natural gas production in the Gulf of Mexico, the Department of Energy said on Tuesday. It was the energy department’s first closed loan supporting domestic oil and natural gas production, it said. The department’s …

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Oil Prices Rebound as Iran Rejects Key U.S. Nuclear Demand and Strait of Hormuz Shipping Attacks Renew Supply Concerns

EnergyNow News and Press Releases, Latest, Tri-Pinned / By

EnergyNow Morning Oil Price Report Report Date & Time: November 11, 2026 – 5:30 a.m. MST – Using Trading View Prices See Up-To-Date Prices Here Summary WTI crude is moving higher at US$86.80 per barrel, up US$0.76, or 0.88%, from Tuesday’s official settlement of US$86.04. Oil is recovering from two-month lows as uncertainty surrounding U.S.-Iran …

Oil Prices Rebound as Iran Rejects Key U.S. Nuclear Demand and Strait of Hormuz Shipping Attacks Renew Supply Concerns Read More »

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