Oil and Gas
Trump says Venezuela to give up to 50 million barrels of oil to U.S.
An oil tanker is docked at a pier at the El Palito refinery of the state oil company PDVSA. Jesus Vargas | Picture Alliance | Getty Images President Donald Trump said Tuesday evening that the interim authorities in Venezuela will be turning over between 30 million to 50 million barrels of oil to the United […]
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The market has anointed Chevron the big Venezuela winner. But oil majors face a long road before any payoff
A Chevron gas station in San Francisco, Oct. 28, 2025. Jason Henry | Bloomberg | Getty Images President Donald Trump’s call for U.S. oil companies to rebuild Venezuela’s energy sector after the overthrow of President Nicolás Maduro is easier said than done. Chevron holds the advantage as the only major U.S. oil company currently operating […]
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Maduro overthrow could help these U.S. oil companies recover assets seized by Venezuela
Regime change in Venezuela could pave the way for the return of U.S. oil majors to the South American nation, which has the largest proven crude oil reserves in the world. President Donald Trump called for U.S. oil companies to invest billions of dollars in Venezuela’s energy sector, hours after U.S. forces captured Venezuelan President […]
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Michael Burry’s big play off the U.S.-Venezuela situation, which the investor has held for years
Key Points Michael Burry, known for “The Big Short,” said he has owned Valero Energy since 2020. He views the position as being increasingly attractive as the U.S. prepares to take a role in reviving Venezuela’s oil industry. The investor’s comments come after President Donald Trump called on U.S. oil companies to invest in Venezuela […]
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Protest over AI, climate crisis leaves tens of thousands without power in Berlin
Police vehicles and repair equipment at the scene to help repair damaged electricity cables at a bridge leading to the Lichterfelde power plant over Teltow Canal following an arson attack on January 4, 2026 in Berlin, Germany. Omer Messinger | Getty Images News | Getty Images A suspected arson attack has left tens of thousands […]
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Shares of Chevron jump 7% after Trump’s military intervention in Venezuela
The Chevron logo is seen at a gas station on July 18, 2025 in Austin, Texas. Brandon Bell | Getty Images Shares of U.S. oil companies soared in premarket trade on Monday, as investors scrutinize the fallout from the Trump administration’s surprise military operation in Venezuela. Chevron shares rose 7.6% at 10:25 a.m. London time […]
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Oil trades sideways despite political turmoil in Venezuela
Oil prices inched up on Monday as investors weighed whether political upheaval in OPEC member Venezuela would disrupt shipments. Feifei Cui-paoluzzo | Moment | Getty Images Oil prices inched up Monday as investors weighed whether political upheaval in OPEC member Venezuela would disrupt shipments after U.S. President Donald Trump seized Venezuelan President Nicolas Maduro, in a well supplied […]
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Who controls Venezuela’s oil now? What Maduro’s arrest means for energy markets
The oil tanker “Minerva Astra” lies at anchor in Maracaibo, Venezuela, as protester with the Venezuelan flag approaches the vessel Dec. 17, 2002. Andrew Alvarez | Afp | Getty Images The arrest of Nicolás Maduro has thrown one of the world’s most politically fraught oil industries back into focus, forcing investors to reassess who controls […]
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Crude prices edge lower as Maduro overthrow casts uncertainty over oil-rich Venezuela
A motorcycle passes in front of an oil-themed mural in Caracas, Venezuela on May 9, 2022. Nurphoto | Nurphoto | Getty Images Crude oil prices edged lower Sunday, as the overthrow of President Nicolas Maduro by the Trump administration has cast deep uncertainty over oil-rich Venezuela. U.S. crude oil fell 31 cents, or 0.54%, to […]
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Maduro overthrow in oil-rich Venezuela unlikely to shake energy markets in the near term
President Donald Trump’s overthrow of President Nicolas Maduro in oil-rich Venezuela is unlikely to shock energy markets in the near term, analysts told CNBC on Saturday. While the scale of the U.S. attack was unexpected, markets had already priced in a conflict with Venezuela that would disrupt oil exports, said Arne Lohmann Rasmussen, chief analyst […]
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