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(Reuters) – U.S. President Donald Trump began a meeting to discuss Venezuela with executives from some of the world’s largest oil companies at the White House on Friday, saying he wants them to invest $100 billion in the country to vastly expand its production. The meeting reflects the importance of oil to Trump’s strategy for …
Trump Urges US Oil Giants to Repair Venezuela’s ‘Rotting’ Energy Industry Read More »
By Georgina McCartney and Arathy Somasekhar Trump aims for $50 oil, below profitable level for U.S. producers Venezuelan oil redirection to pressure U.S. shale margins U.S. refineries to benefit from Venezuelan oil influx HOUSTON, Jan 9 – U.S. oil producers already reeling from low oil prices are facing renewed pressures, as President Donald Trump pushes …
Trump Pushes ‘Drill Baby Drill’ Agenda to Venezuela, Hurts Producers at Home Read More »
If it’s successful, and that’s a big if, Trump’s imperialistic investment would pay off shortly after US oil output peaks. By Peter Millard Rusty pipelines. Unchecked spills. Decades of chronic underinvestment, brain drain and mismanagement. Venezuela’s oil industry is in shambles, and restoring it to its former glory would cost an estimated $100 billion—if Big …
We Don’t Need More Oil Today. Venezuela Is a Long Game for Trump Read More »
The Trump administration wants the oil majors to rebuild the nation’s energy industry. Chevron has been on the ground there for decades. By Brian Wall With Venezuela President Nicolás Maduro in a jail cell in New York, Donald Trump moved on to the next stage of his plan for the South American nation. The US …
How One Oil Company Got a Head Start in Venezuela Read More »
Data shows millions of tons of methane spewing from the nation’s decaying energy infrastructure, underscoring how much work is required to revive production. By Aaron Clark An image captured by EMIT on September 24, 2025, shows five emissions on the same day and in the same area.Source: Kayrros SAS, processed L1B image from NASA/JPL-Caltech’s EMIT …
Satellite Images Reveal Venezuela’s Massive Methane Problem Read More »
CALGARY – U.S. President Donald Trump’s ambition to have U.S. energy companies swoop in and revive Venezuela’s beleaguered oil industry has raised questions about what it means for Canadian oilsands producers and whether it’s a task American supermajors can or even want to take on. Here is a rundown of the past and potential of …
The Past and Potential of Venezuela’s Oil Sector, and What it Means for Canada Read More »
Summary US aims to control Venezuela’s oil sector after Maduro’s capture Iran unrest and Russia-Ukraine war raise oil supply concerns Global inventories rise, oversupply may limit oil price gains (Reuters) – Oil prices rose on Friday on concerns about potential disruption to Iran’s output and uncertainty about supply from Venezuela. Brent futures were up 59 …
Oil Gains as Market Assesses Protests in Iran, Dealmaking for Venezuela Read More »
Summary Investors skeptical about Venezuela’s political stability and investment costs Chevron, ConocoPhillips cautious about rushing into Venezuela investments, sources say US plans three-phase process for Venezuela’s recovery, Rubio says Jan 9 (Reuters) – U.S. oil executives being summoned to the White House on Friday to discuss potential investment plans in Venezuela will be carefully weighing the country’s …
US Oil Firms Juggle Venezuela Opportunity, Investor Concern Ahead of White House summit Read More »
(Reuters) – Refineries along the U.S. Gulf Coast from Corpus Christi, Texas to Pascagoula, Mississippi are configured to run the heavy sour, corrosive crude oil produced by Venezuela that President Donald Trump plans to sell in the U.S., following the capture last weekend of Nicolas Maduro. Beginning in the 1990s, refiners reconfigured their plants with …
US Gulf Refineries Ready to Run Venezuelan Crude Read More »
(Reuters) – The U.S. move to seize foreign vessels in international waters seriously violates international law, the Chinese foreign ministry said on Thursday. “China has always opposed illegal unilateral sanctions without the basis of international law and without the authorisation of the United Nations Security Council,” ministry spokesperson Mao Ning said at a press conference. …
China Says US Seizure of Foreign Vessels Violates International Law Read More »
