The administration will work with a private Venezuelan oil company that has close ties to the country’s government.
Category: Oil (Petroleum) and Gasoline
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Trump’s Venezuelan Oil Deal Relies on a Powerful and Divisive Partner
The New York Times – Business: -
Trump Says U.S. Has Deal for Control of Large Share of Venezuela’s Oil
The New York Times – Business:The president said an agreement between the countries involved “a partnership with private business” and more than 65 billion barrels of reserves.
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Oil Giant Chevron Is Said to Be in Talks to Expand in Venezuela
The New York Times – Business:Chevron, the second largest U.S. oil company, is building on its wager to remain in Venezuela, where it already accounts for about a quarter of the country’s oil production.
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How 6 Months of War in Iran Jolted Oil, Gas, Stocks and More
The New York Times – Business:How markets have moved six months into the war, and where they might be headed in the future.
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Why These Giant Storage Tanks Increasingly Hold Very Little Oil
The New York Times – Business:Oil companies and governments are consuming their once vast stockpiles as Iran and the United States continue to struggle for control over the Strait of Hormuz.
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California Lawmakers Pass Plug-In Solar Bill
The New York Times – Business:Legislatures in nearly a dozen states have voted to legalize use of the technology, which can help homeowners reduce their rising electricity costs.
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Soaring Diesel Prices Are Helping Oil Companies and Hurting Consumers
The New York Times – Business:The cost of the fuel, used in farm machinery, trucks and other heavy equipment, has surged because of the war in Iran and Ukrainian attacks on Russian refineries.
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Soaring Diesel Prices Are Helping Oil Companies and Hurting Consumers
The New York Times – Business:The cost of the fuel, used in farm machinery, trucks and other heavy equipment, has surged because of the war in Iran and Ukrainian attacks on Russian refineries.
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Under Threat, Saudi Arabia Reroutes Oil Exports Yet Again
The New York Times – Business:Forced away from the Strait of Hormuz in the Persian Gulf, the Saudis turned to the Red Sea. Now they are relying on a less dangerous but more complicated detour via the Suez Canal.
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Oil Prices Fall Ahead of U.S. Vow to Intensify Economic War Against Iran
The New York Times – Business:Treasury Secretary Scott Bessent is expected to announce an escalation of sanctions aimed at further isolating Iranian trade.
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Iran Warns Gulf States Not to Join Trump’s Economic War
The New York Times – On the Runway:Iran’s new hard-line national security adviser, Mohsen Rezaei, vowed to prevent “a single drop of oil” from leaving the region.