Oil

(Reuters) – The Trump administration did not consult with oil companies Exxon Mobil, ConocoPhillips, or Chevron Corp about Venezuela before or after U.S. forces captured the South American country’s president Nicolas Maduro Jan. 3, according to four oil industry executives familiar with the matter. That contradicts President Donald Trump’s assertion aboard Air Force One on …

Trump Administration Has Not Consulted US Oil Majors About Venezuela, Oil Execs Say Read More »

(Reuters) – The main risk to the U.S. economy from the Trump administration’s capture of Venezuela’s leader over the weekend would stem from rising oil prices, Minneapolis Federal Reserve President Neel Kashkari said on Monday, but that does not appear to be underway so far. The risk is “mostly through oil prices,” Kashkari said in …

Venezuela Risk to US Economy is Via Oil Prices, But Not Seeing it Yet, Fed’s Kashkari Says Read More »

(Reuters) – An oil tanker chartered by U.S. Chevron carrying some 300,000 barrels of Venezuelan heavy crude bound for the U.S. Gulf Coast departed on Monday from the OPEC country’s waters, shipping data showed, after a four-day pause in the company’s exports of Venezuelan oil. Chevron is the only company currently authorized by Washington to …

Chevron Resumes Exports of Venezuelan Oil to US After Four-Day Pause, Data Shows Read More »

By Javier Blas A Madrid protestor holds a caricature of Donald Trump drinking from a Venezuelan oil barrel by Portuguese cartoonist Vasco Gargalo. Photographer: THOMAS COEX/AFP Let’s do the math. Start with the oil production of the US and add Canada. Then include Venezuela and the rest of Latin America, from Mexico to Argentina and …

Trump Now Has His Very Own Oil Empire Read More »

  A former top Chevron executive, Ali Moshiri, is raising $2 billion for Venezuelan oil projects after the U.S. captured its leader Nicolas Maduro and President Donald Trump said Washington would take control of the oil-producing nation, the Financial Times reported on Monday. Moshiri’s investment fund, Amos Global Energy Management, has identified multiple Venezuelan assets and …

Former Chevron Executive Seeks $2 Billion for Venezuelan Oil Projects, FT Reports Read More »

Bloomberg News Secretary of State Marco Rubio said the U.S. will use leverage over oil to force further change in Venezuela as he seizes a long-awaited chance to try to shape Latin America in Washington’s favor. Rubio, 54, emerged Sunday as the administration’s chief public voice on Venezuela, laying out hints of strategy after the …

U.S. to Squeeze Venezuela’s Oil to Drive Political Change: Rubio Read More »