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UN Chief on Venezuela: US Action Sets ‘Dangerous Precedent’

CDN and International News, Latest, Oil / By

United Nations Secretary-General Antonio Guterres is deeply alarmed by U.S. military action in Venezuela that sets “a dangerous precedent,” his spokesperson said on Saturday ahead of a likely U.N. Security Council meeting. Venezuela and Colombia, backed by Russia and China, have asked for the 15-member Security Council to meet, diplomats said, after the U.S. attacked …

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Venezuela’s Oil Exports Paralyzed Amid Political Turmoil, Sources Say

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  Venezuela’s oil exports, which had fallen to a minimum amid U.S. President Donald Trump’s announced blockade of all sanctioned tankers going in and out of the country’s waters, are now paralyzed as port captains have not received requests to authorize loaded ships to set sail, four sources close to operations said on Saturday. The …

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Investors and Economists React to US Capture of Venezuela’s Maduro

Latest, Oil, US News / By

  The United States said it had struck Venezuela and captured its long-serving President Nicolas Maduro on Saturday, after months of accusing him of drug-running and illegitimacy in power, marking a dramatic escalation in geopolitical tensions. “The United States of America has successfully carried out a large-scale strike against Venezuela and its leader, President Nicolas …

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Trump Says US Oil Companies Will Spend Billions in Venezuela

Latest, Oil, US News / By

President Donald Trump said that American oil companies were prepared to enter Venezuela and invest to restore production in the South American country, an announcement that came just hours after Nicolás Maduro was captured and removed by U.S. forces. “We’re going to have our very large U.S. oil companies, the biggest anywhere in the world, …

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Mock House, CIA Source and Special Forces: The US Operation to Capture Maduro

Conventional Energy, Latest, Oil, US News / By

At 4:21 on Saturday morning, President Donald Trump sent a message on his Truth Social platform: the United States had carried out a daring mission to capture Venezuelan President Nicolas Maduro and his wife. The action came as a surprise, but according to sources familiar with the matter, planning for one of the most complex …

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US is Going to be Strongly Involved in Venezuela’s Oil Industry, Says Trump

CDN and International News, Conventional Energy, Latest, Oil / By

 The United States is going to be “very strongly involved” in Venezuela’s oil industry in the wake of the operation to capture Venezuelan President Nicolas Maduro, President Donald Trump told Fox News on Saturday. “We have the greatest oil companies in the world, the biggest, the greatest, and we’re going to be very much involved …

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Venezuelan Oil Industry: World’s Largest Reserves, Decaying Infrastructure

CDN and International News, Latest, Oil / By

(Reuters) – Following are key facts about the oil industry of Venezuela, whose President Nicolas Maduro was captured by U.S. forces on Saturday, according to U.S. President Donald Trump. RESERVES Venezuela has the world’s largest oil reserves but its crude output remains at a fraction of capacity due to mismanagement, lack of investment and sanctions, …

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Trump Says Venezuela’s Maduro Captured After Strikes – Oil Facilities Intact

CDN and International News, Conventional Energy, Latest, Oil, Pinned Primary / By

Summary Trump says US successfully hit Venezuela, took away Maduro Most direct US. action in region since 1989 Panama invasion Explosions rock capital Caracas and other locations Maduro government defiant, accuses US of oil grab Venezuelan leader may face drug trial in U.S. (Reuters) – The U.S. attacked Venezuela and deposed its long-serving autocratic President Nicolas Maduro on …

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US Sets New LNG Export Records in Banner Year Marked by New Capacity

Conventional Energy, Latest, LNG, US News / By

The U.S. in 2025 became the first country to export more than 100 million metric tons (mmt) of liquefied natural gas in a single year, powered by the startup of production from new plants, preliminary data from LSEG showed.The world’s largest LNG exporter sold 111 mmt of the fuel, almost 20 mmt more than its …

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Occidental Completes Sale of OxyChem

Conventional Energy, Latest, Oil, Press Releases / By

HOUSTON, Jan. 02, 2026 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) announced today it has completed the sale of its chemical business, OxyChem, to Berkshire Hathaway (NYSE: BRK.A, BRK.B) for $9.7 billion in cash, subject to customary purchase price adjustments. “This transaction accelerates our strategy to strengthen Occidental’s balance sheet and focus on our deep and diverse …

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