The companies that turn oil into gasoline and diesel are likely to benefit more, right away, than the businesses that pump oil out of the ground.
Category: Oil (Petroleum) and Gasoline
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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.
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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.
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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.