Oil and Gas
U.S. may lift more Venezuela sanctions next week, Bessent says
U.S. Secretary of the Treasury Scott Bessent speaks in the Oval Office of the White House where President Donald Trump signed an executive order on Dec. 11, 2025 in Washington, DC. Alex Wong | Getty Images U.S. Treasury Secretary Scott Bessent has told Reuters that additional U.S. sanctions on Venezuela could be lifted as soon […]
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Trump seeks to stop courts, creditors from seizing Venezuelan oil revenue in the U.S.
U.S. President Donald Trump takes questions from members of the media during a meeting with oil and gas executives in the East Room of the White House on Jan. 9, 2026 in Washington, DC. Alex Wong | Getty Images U.S. President Donald Trump on Friday signed an executive order that aims to block the seizure […]
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Trump: ‘We are going to do something on Greenland whether they like it or not’
U.S. President Donald Trump takes questions from reporters, as he attends a meeting with oil industry executives, at the White House in Washington, D.C., U.S., Jan. 9, 2026. Kevin Lamarque | Reuters President Donald Trump said Friday his administration will take action on Greenland “whether they like it or not,” further escalating his rhetoric as […]
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Trump says he’s cancelled second wave of attacks on Venezuela
US President Donald Trump speaks during the House Republican Party (GOP) member retreat at the Kennedy Center in Washington, DC, on January 6, 2026. Mandel Ngan | Afp | Getty Images U.S. President Donald Trump has said he has canceled a fresh military attack on Venezuela, saying the two countries “are working well together,” on […]
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Oil ship seized by the U.S. over Venezuela sanctions was newly registered under Russian flag
The U.S. has announced the seizure of the Bella-1 for violations of U.S. sanctions. The vessel, known as the Marinera after recently reflagging to Russia, was seized in the North Atlantic pursuant to a warrant issued by a U.S. federal court after being tracked by USCGC Munro. Source: @US_EUCOM | U.S. Coast Guard | Via […]
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Venezuela will ship sanctioned oil to U.S. indefinitely, sources say
Venezuela will ship sanctioned oil to the U.S. indefinitely, sources close to the White House told CNBC on Wednesday. President Donald Trump said Tuesday that Venezuela will turn over 30 million to 50 million barrels of sanctioned oil, which will be sold at market prices. “That money will be controlled by me, as President of […]
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How Russia is benefiting from Trump’s Venezuelan oil plan
New data on the shadow fleet shows an increasing number of tankers are seeking the protection of Moscow by changing their flag of registration to Russia. That trend has been further accelerated by the United States’ seizures of vessels carrying sanctioned Venezuelan oil. President Donald Trump has said U.S. oil companies will invest billions of […]
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India’s state-owned refiners keep buying Russian oil even as New Delhi seeks U.S. tariff relief
An oil refinery, operated by Bharat Petroleum Corp., in Mumbai, India. Dhiraj Singh | Bloomberg | Getty Images State-owned refiners in India are still buying Russian oil, even as New Delhi seeks relief from U.S. tariffs imposed for those purchases, according to energy analysts. The U.S. imposed a “secondary” 25% tariff on Indian goods in […]
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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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