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US pushes oil majors to invest big in Venezuela if they want to recover debts

Sunday, January 4 by SRN News

By Jarrett Renshaw HOUSTON, Jan 4 (Reuters) - White House and State Department officials have told U.S. oil executives in recent weeks that they would need to return to Venezuela quickly and invest significant capital in the country to revive the damaged oil industry if... Read More.

Oil prices likely to move higher on Venezuelan turmoil, ample supply to cap gains

Sunday, January 4 by SRN News

By Florence Tan SINGAPORE, Jan 4 (Reuters) - Oil prices are likely to move higher when benchmark futures resume trading later on Sunday on concern that supply may be disrupted after the United States snatched Venezuelan President Nicolas Maduro from Caracas at the weekend and... Read More.

Trump’s plan to seize and revitalize Venezuela’s oil industry faces major hurdles

Sunday, January 4 by SRN News

President Donald Trump's plan to take control of Venezuela's oil industry and ask American companies to revitalize it after capturing President Nicolás Maduro in a raid isn't likely to have a significant immediate impact on oil prices. Venezuela's oil industry is in disrepair after... Read More.

OPEC+ to keep oil output steady despite turmoil among members, sources say

Sunday, January 4 by SRN News

By Ahmad Ghaddar, Alex Lawler and Olesya Astakhova DUBAI/LONDON, Jan 4 (Reuters) - OPEC+ will likely maintain steady oil output at its meeting on Sunday, OPEC+ delegates said, despite political tensions between key members Saudi Arabia and the UAE, and the U.S. capture of the... Read More.

Analysis-No quick wins in tapping Venezuela’s oil reserves

Saturday, January 3 by SRN News

By Nathan Crooks, Liz Hampton and Arathy Somasekhar MIAMI, Jan 3 (Reuters) - Venezuela is unlikely to see any meaningful boost to crude output for years even if U.S. oil majors do invest the billions of dollars in the country that President Donald Trump... Read More.

Venezuela’s oil exports paralyzed amid political turmoil, sources say

Saturday, January 3 by SRN News

Jan 3 (Reuters) - Venezuela's oil exports, which had fallen to a minimum amid U.S. President Donald Trump's announced blockade of all sanctioned tankers going in and out of the country's waters, are now paralyzed as port captains have not received requests to authorize... Read More.

Trump says US oil companies will spend billions in Venezuela

Saturday, January 3 by SRN News

By Arathy Somasekhar and Gram Slattery PALM BEACH, Florida, Jan 3 (Reuters) - President Donald Trump said that American oil companies were prepared to enter Venezuela and invest to restore production in the South American country, an announcement that came just hours after Nicolás... Read More.

Oil edges higher following biggest annual loss since 2020

Thursday, January 1 by SRN News

By Florence Tan SINGAPORE, Jan 2 (Reuters) - Oil prices edged up on the first day of trade in 2026 after last year posting their biggest annual loss since 2020, as Ukrainian drones targeted Russian oil facilities and a U.S. blockade pressured Venezuela's exports. Brent... Read More.

Russia asks US to stop pursuit of fleeing oil tanker, NY Times reports

Thursday, January 1 by SRN News

Jan 1 (Reuters) - Russia has asked the U.S. to stop its pursuit of an oil tanker that was heading to Venezuela and is now fleeing the U.S. Coast Guard in the Atlantic Ocean, the New York Times reported on Thursday, citing two people... Read More.

US imposes sanctions on 4 Venezuelan oil firms and 4 more tankers in Maduro crackdown

Wednesday, December 31 by SRN News

WASHINGTON (AP) - The U.S. on Wednesday imposed sanctions on four firms operating in Venezuela's oil sector and designated four additional oil tankers, which the U.S. accuses of being part of a shadow fleet serving Venezuelan President Nicolás Maduro's government, as blocked property. The... Read More.

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Stories tagged with: oil

US pushes oil majors to invest big in Venezuela if they want to recover debts

Oil prices likely to move higher on Venezuelan turmoil, ample supply to cap gains

Trump’s plan to seize and revitalize Venezuela’s oil industry faces major hurdles

OPEC+ to keep oil output steady despite turmoil among members, sources say

Analysis-No quick wins in tapping Venezuela’s oil reserves

Venezuela’s oil exports paralyzed amid political turmoil, sources say

Trump says US oil companies will spend billions in Venezuela

Oil edges higher following biggest annual loss since 2020

Russia asks US to stop pursuit of fleeing oil tanker, NY Times reports

US imposes sanctions on 4 Venezuelan oil firms and 4 more tankers in Maduro crackdown

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