Oil and Gas
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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Trump says U.S. oil companies will invest billions of dollars in Venezuela after Maduro’s overthrow
U.S. President Donald Trump holds a press conference as Secretary of Defense Pete Hegseth looks at him following a U.S. strike on Venezuela where President Nicolas Maduro and his wife, Cilia Flores, were captured, from Trump’s Mar-a-Lago club in Palm Beach, Florida, U.S., January 3, 2026. Jonathan Ernst | Reuters President Donald Trump on Saturday […]
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Oil giant BP to sell 65% stake in $10 billion Castrol unit
Britain’s BP has agreed to sell a 65% shareholding in lubricants business Castrol to Stonepeak for $6 billion, months on from the oil giant seeking a buyer for the unit. The deal comes as the company looks to launch a strategic reset, including a green strategy U-turn and the divestment of $20 billion of assets […]
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What a Russia-Ukraine peace deal could mean for Europe’s gas supplies
Europe is pressing ahead with plans to ban Russian gas imports by the end of 2027, effectively capping Moscow’s energy future in the region and leaving a bevy of stranded assets in its wake. The dual Nord Stream 1 and 2 subsea pipelines were early casualties of Russia’s invasion of Ukraine, with the infrastructure being […]
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How U.S. oil tanker seizures targeting Venezuela are linked to rising geopolitical tensions with China
A U.S. military helicopter flies over the Panama-flagged Centuries, which was intercepted by the U.S. Coast Guard, days after U.S. President Donald Trump announced a “blockade” of all sanctioned oil tankers entering and leaving Venezuela, east of Barbados in the Caribbean Sea on Dec. 20, 2025. Department Of Homeland Security | Via Reuters The escalating […]
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U.S. seizes vessel off Venezuelan coast: Reuters
Government supporters participate in a protest against U.S. President Donald Trump’s order to blockade sanctioned oil tankers entering and leaving Venezuela, in Caracas, Venezuela December 17, 2025. Leonardo Fernandez Viloria | Reuters The United States is interdicting and seizing a vessel off the coast of Venezuela in international waters, three U.S. officials told Reuters on […]
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BP has appointed its fourth CEO in 6 years – but will she be radically different?
Meg O’Neill, chief executive officer of Woodside Energy Group Ltd., attends the company’s annual general meeting in Perth, Australia on Thursday, May 8, 2025. Photographer: Matt Jelonek/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images BP is changing its CEO again, but not its direction. The appointment of Woodside Energy boss Meg O’Neill as […]
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BP appoints Woodside’s Meg O’Neill as CEO after Auchincloss’ abrupt exit
The BP logo is displayed outside a petrol station that also offers electric vehicle recharging, on Feb. 27, 2025, in Somerset, England. Anna Barclay | Getty Images News | Getty Images Oil and gas major BP said it had appointed Meg O’Neill, the head of Australia’s Woodside Energy, as its next CEO to lead its effort […]
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