The war with Iran is preventing huge amounts of oil from flowing out of the Persian Gulf, but the prices that many people track don’t fully capture the scale of the disruption.
Category: Chevron Corporation
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Iran War Drives Deeper Oil Shock Than Prices Reveal
The New York Times – Business: -
As Gas Prices Spike, California Is Hit Hardest
The New York Times – Business:A gallon has climbed to nearly $6 in the state, about $2 above the national average.
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Investors Question Whether Quick Peace in Iran Is Possible
The New York Times – Business:Global markets are under pressure again amid doubts that the fighting in the Middle East can end anytime soon.
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Chevron Points to Venezuela’s Promise as Big Oil Earnings Fall
The two largest U.S. oil companies, Chevron and Exxon Mobil, reported their lowest annual profits in years.
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Venezuela’s Oil Riches Are Years Off, but Winners and Losers Will Emerge
Companies that already have operations in the country stand to benefit, but those that have profited from a standoff between Caracas and Washington could lose out.
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Supreme Court Grapples With Louisiana Coastal Lawsuits Against Oil Companies
The justices heard arguments over whether oil companies sued by Louisiana could move the cases from state to federal court, a venue thought to be friendlier to corporate interests.
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$100 Billion to Revive Venezuela’s Energy Industry? Oil Executives Are Not So Sure
During a meeting at the White House, the industry leaders appeared wary of making long-term investments in the country.
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Trump’s $100 Billion Venezuela Oil Plan Gets a Cool Reception
President Trump met with oil and gas executives on Friday in an effort to push them to invest money in Venezuela, a plan many of them are reluctant to embrace.
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Venezuela’s Oil Industry: A Timeline of Key Events
The country’s oil industry has undergone major shifts and two waves of nationalization since its first well started pumping in 1914.
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Wary of Investing in Venezuela, Big Oil Heads to the White House
The amounts of money, time and political uncertainty trouble executives at large Western oil companies, who plan to meet with President Trump on Friday.
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The (Many) Wrinkles in Trump’s Vision for Venezuela
President Trump appears committed to laying claim to Venezuelan oil for a long time. But there are plenty of reasons for U.S. businesses to be wary.
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Oil Firms Say Venezuela Owes Them Billions, Complicating Trump’s Plan
Companies like Exxon Mobil and ConocoPhillips say that Venezuela owes them billions of dollars for confiscating their assets two decades ago.