Category: Oil (Petroleum) and Gasoline

U.S. to Control Venezuela Oil Sales ‘Indefinitely,’ Energy Secretary Says

Chris Wright said the Trump administration was in “active dialogue” with Venezuela’s government about the plan.
Why Trump’s Greenland Strategy Has the World on Edge

The president is again focused on acquiring the mineral-rich island. But lack of clarity about his goals and tactics is weighing on political and business leaders.
How Venezuela’s Oil Could Shake Up the World Supply

The country could, eventually, attract investment and re-emerge as a force in the oil markets, but many analysts are concerned about an oversupply.
The Rush to Profit From Maduro’s Capture

Trump administration officials are pushing American companies to quickly start investing in Venezuela. But energy giants have some major concerns.
Chevron’s Risky Bet to Stay in Venezuela May Now Give It an Advantage

The second-largest U.S. oil company, which kept pumping oil in the country after others left, could find it relatively easy to expand its operations if the political conditions there improve.
Oil Stocks Rally as Investors Bet on Return to Venezuela

The energy sector of the S&P 500 rose 2.9 percent on Monday, lifting the broader market.
How Nicolás Maduro’s Capture Could Reshape the Global Order

The U.S. seizure of Venezuela’s president has governments, executives and investors bracing for wide-reaching business and geopolitical fallout.
China’s Oil Deal With Venezuela Faces Turning Point

Beijing has lent billions to Caracas in recent decades, and the fate of money it is owed is in question after the ouster of Venezuela’s leader.
Trump’s Goals for Reviving Venezuela’s Oil Industry Will Not Come Easily or Cheaply

It will take years and billions in investment to revitalize Venezuela’s oil industry, and energy producers will likely be cautious before stepping in.
The Venezuelan Oil Industry Trump Is Planning to Revive

Venezuela claims to have more than 300 billion barrels in the ground, but it is only producing about one million barrels a day.
How Kazakhstan Aims to Tap More Oil Riches Below Its Grassy Plains

After spending nearly $50 billion to expand the country’s Tengiz oil field, Chevron and its partners encounter more uncertainty.
Tesla Car Sales Dropped 9% in 2025, Falling Behind China’s BYD

As the largest maker of electric vehicles in the United States, Tesla suffered more than other carmakers from the elimination of federal incentives.