Donald Trump has set his sights on Venezuela's vast oil reserves, promising American companies will invest billions to revive the country's struggling oil industry. But experts warn of significant challenges ahead.
In a bold move, Trump suggests that US taxpayers could reimburse energy companies for repairing Venezuela's oil infrastructure, aiming to boost production post-Maduro. With key meetings ahead, the future of Venezuela's oil industry hangs in the balance.
A massive oil eruption in Venezuela has sparked a potential transformation into a petroleum supergiant, but it comes with political turmoil and ecological concerns. Can the US regain control over Venezuela's oil wealth?
In a dramatic turn of events, the UAE has announced the withdrawal of its forces from Yemen following a Saudi ultimatum. This escalation highlights the growing rift between the Gulf powers, once allies in the region.
In a surprising move, OPEC+ will raise oil output by 137,000 bpd starting in November, amidst concerns of a looming supply glut. With differing opinions from major players like Russia and Saudi Arabia, the oil market faces uncertainty ahead.
A dramatic explosion at the Chevron refinery in El Segundo sent flames soaring into the sky. Fortunately, no injuries were reported, and officials confirmed there was no public threat. Witnesses described the terrifying scene as firefighting efforts continue.
Oil prices rebounded Monday as OPEC+ announced a modest output hike, despite looming sanctions against Russian crude. Analysts suggest this is a strategic shift in market dynamics as traders react to new developments.
In a surprising move, OPEC+ has decided to increase oil production by 137,000 bpd starting October, despite expectations of declining global demand. This strategic shift raises questions about market stability and pricing as winter approaches.
In a significant policy shift, OPEC+ is poised to increase oil production by 137,000 barrels next month. This move comes as key members, including Saudi Arabia and Russia, prioritize market share over price stability.
Chevron is pivoting from aggressive growth to focusing on profitability in the Permian Basin. With its recent $53 billion Hess deal, the company aims to streamline operations and maximize cash flow while maintaining stable production.