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(Reuters) – EOG Resources said on Wednesday that oversupply from Venezuela is driving oil prices down and it would last for several more quarters. Brent crude futures were down about 0.6% at $60.30 a barrel in the day, while U.S. West Texas Intermediate crude lost about 1% to $56.53 a barrel. Prices fell as investors …
EOG Resources Says Venezuela Oversupply is Driving Shale Prices Down Read More »
(Reuters) – Russia said on Wednesday that the U.S. seizure of a Russian-flagged oil tanker in the Atlantic was a violation of maritime law, and a senior lawmaker described it as “outright piracy”. Russia’s Transport Ministry said contact with the vessel, the Marinera, had been lost after U.S. naval forces boarded it near Iceland as …
Russia Says US Seizure of Oil Tanker is Illegal, Lawmaker Calls it Piracy Read More »
Chevron and private equity group Quantum Energy Partners are teaming up on a bid to buy the international assets of Russian oil major Lukoil, which are valued at $22 billion, the Financial Times reported on Wednesday. Chevron, Quantum, Lukoil and the White House did not immediately respond to requests for comment. Reuters reported in November …
The vessel tanker Bella 1 at Singapore Strait, after U.S. officials say the U.S. Coast Guard pursued an oil tanker in international waters near Venezuela, in this picture taken from social media on March 18, 2025. Hakon Rimmereid/via REUTERS WASHINGTON, Jan 7 (Reuters) – The United States is attempting to seize a Venezuela-linked oil tanker …
US Seizing Venezuela-Linked Oil Tanker After Weeks-Long Pursuit Read More »
MIAMI (AP) — In 2017, as political outsider Donald Trump headed to Washington, Delcy Rodríguez spotted an opening. Then Venezuela’s foreign minister, Rodríguez directed Citgo — a subsidiary of the state oil company — to make a $500,000 donation to the president’s inauguration. With the socialist administration of Nicolas Maduro struggling to feed Venezuela, Rodríguez …
How Delcy Rodríguez Courted Donald Trump and Rose to Power in Venezuela Read More »
U.S. President Donald Trump will meet with oil company executives at the White House late this week to discuss ways to revive Venezuela’s tattered oil sector, according to three sources familiar with the matter. Two of the sources told Reuters the meeting was likely to happen on Friday. It was not immediately clear who would …
Trump to Meet Oil Companies at White House About Venezuela Read More »
(Reuters) – Venezuelan and U.S. officials are discussing exporting Venezuelan crude to refiners in the United States, five government, industry and shipping sources told Reuters on Tuesday. Venezuela has millions of barrels of oil loaded on tankers and in storage tanks that it has been unable to ship due to a blockade on exports imposed …
Venezuela, US in Talks to Export Venezuelan Oil to US, Sources Say Read More »
(Reuters) – The Trump administration on Tuesday dismissed analysts’ estimates that it would take years to ramp up Venezuela’s crude production, saying there were ways to quickly boost the country’s oil sector. Raising crude output from the South American nation, which sits on the world’s largest oil reserves, is a top objective for President Donald …
Trump Administration Says There Are Ways US Can Lift Venezuelan Oil Output Quickly Read More »
LONDON, Jan 6 (Reuters) – Shell (SHEL.L) has agreed to buy stakes in two undeveloped offshore blocks in ultra-deep waters offshore Angola from Chevron (CVX.N), the European energy major said on Tuesday. European oil majors have said they will spend billions in Angola, Sub-Saharan Africa’s second-largest crude oil producer after Nigeria. The country has undertaken …
Shell Buys Stakes in Angolan Offshore Blocks From Chevron Read More »
By Marianna Parraga Chevron’s loadings and crude exports flowing normally Slow loading at Jose, Bajo Grande could put more pressure on output cuts Many loaded vessels remain undeparted in Venezuelan waters Jan 6 (Reuters) – Venezuela was loading crude only for U.S. major Chevron (CVX.N) on Tuesday, while operations by state-run oil firm PDVSA to …
