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Ron Bousso U.S. President Donald Trump attends a meeting with oil industry executives, at the White House in Washington, D.C., U.S., January 9, 2026. REUTERS/Evelyn Hockstein LONDON, Jan 12 (Reuters) – Big Oil companies have injected a heavy dose of realism into U.S. President Donald Trump’s plan to rapidly invest billions in Venezuela, pointing to …
Big Oil Offers Reality Check to Trump’s Venezuela Dream Read More »
(Reuters) – Norway’s government said on Monday it will present a policy document to parliament next year on the future of the oil and gas industry, including companies’ access to exploration acreage. “The oil and gas industry is crucially important for Norway, and should be developed, not phased out,” Prime Minister Jonas Gahr Stoere said …
Norway to Lay Out Future of Oil and Gas, Drilling, in 2027 Policy Update Read More »
Summary Vitol, Trafigura have global sales, shipping, logistics U.S. oil majors wary of legal, credit, physical risks Venezuelan oil stored on old ships, was heading to China (Reuters) – Global oil trading houses have emerged as early winners in the race to control Venezuelan crude flows, getting ahead of U.S. energy majors wary of credit …
Trading Houses Beat US Majors to First Deals for Venezuelan Oil Read More »
(Reuters) – U.S. President Donald Trump signed an executive order aimed at blocking courts or creditors from impounding revenue tied to the sale of Venezuelan oil held in U.S. Treasury accounts, the White House said on Saturday. The emergency order said the revenue, held in foreign government deposit funds, should be used in Venezuela to help create …
Trump Moves to Block Courts From Seizing Venezuelan Oil Revenue in US Accounts Read More »
U.S. Treasury Secretary Scott Bessent speaks during a press conference in Washington, D.C., U.S., December 17, 2025 Summary US Treasury chief aims to facilitate oil sale proceeds repatriation to Venezuela Bessent says will meet with IMF and World Bank on Venezuela next week Treasury chief eyes mobilization of Venezuela’s $5 billion in frozen IMF reserve …
US May Lift More Venezuela Sanctions This Week, Bessent Says Read More »
Summary Exxon requires security guarantees before sending team to Venezuela Venezuela’s hydrocarbons law needs reform for investment, Woods says Chevron is preparing for an immediate bump in production Jan 9 (Reuters) – Exxon Mobil CEO Darren Woods said on Friday the U.S. oil major is ready to evaluate a potential return to Venezuela in what …
U.S. Energy Secretary Chris Wright said on Friday that Chevron saw a pathway to grow its Venezuela production by 50%, with his comments coming after a meeting that President Donald Trump had with oil companies on the South American nation. Chevron “said with the actions that were taken and some additional things we can do for …
Chevron Sees Pathway to Grow Venezuela Production by 50%, US Energy Secretary Says Read More »
(Reuters) – The U.S. involvement in Venezuela’s oil sector offers a potential opportunity for international banks, with JPMorgan Chase in an advantageous spot due to its history in the country and past involvement with international trade financing. A clutch of banks including JPMorgan and Citigroup have historically operated in the country, but reduced operations or …
Banks Eye Venezuela Investment, JPMorgan Seen With Advantage Read More »
(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 »
