Tag - oil

 
 

OIL

The Cardon oil refinery in Punto Fijo, Venezuela. Companies like Exxon Mobil and ConocoPhillips say that Venezuela owes them billions of dollars for confiscating their assets two decades ago.
BUSINESS / Companies
Jan 9, 2026
Which U.S. oil companies have interests in Venezuela?
U.S. President Donald Trump has meet with American oil bosses to encourage investment in Venezuela’s run-down industry.
A U.S. Coast Guard official looks through binoculars at the ship Marinera (Ex-Bella 1) in this image released Wednesday.
WORLD
Jan 8, 2026
U.S. seizes Russian-flagged tanker and another tied to Venezuela as Trump widens oil push
With a Russian submarine and vessels nearby, one tanker’s seizure risked more confrontation with Moscow, which has condemned U.S. actions over Venezuela.
Supporters of deposed Venezuelan leader Nicolas Maduro hold up a portrait of him as they gather near Miraflores Palace in Caracas, Venezuela, on Sunday.
WORLD / Politics
Jan 7, 2026
Trump announces plan to sell Venezuelan oil in sign of talks with Caracas
The U.S. president said Venezuela would sell 30 million to 50 million barrels of sanctioned oil that would be shipped directly to the United States.
Flaring at the Amuay Refinery in Punto Fijo, Venezuela, in 2021. Years of corruption, underinvestment, fires and thefts have left Venezuela’s crude facilities in tatters.
WORLD / Politics
Jan 6, 2026
Trump says U.S. may reimburse firms for Venezuela oil efforts
Years of corruption, underinvestment, fires and thefts have left the Latin American country’s crude facilities in tatters.
The El Palito refinery in Puerto Cabello, Venezuela
BUSINESS
Jan 5, 2026
Trump’s Venezuela oil revival plan is a $100 billion gamble
Oil output in Venezuela plummeted during the 12-year term of President Nicolás Maduro, who was captured early Saturday by U.S. troops.
Drilling rigs at a well operated by Venezuela's state oil company, PDVSA, in the oil rich Orinoco belt in the state of Monagas in April 2015
BUSINESS / ANALYSIS
Jan 4, 2026
Despite Maduro’s capture, there are no quick wins in tapping Venezuela’s oil reserves
The South American country may have the world’s largest estimated oil reserves, but output has plummeted over the past decades.
Workers assemble new Nissan Leaf electric vehicles at a production facility in Sunderland, England, on Dec. 16.
COMMENTARY / World
Dec 29, 2025
The positive climate news you may have missed this year
Much climate news is gloomy, but there are positive developments all the time — so many, in fact, that it’s easy to miss some of the things that have been happening.
A flare stack at an liquefied natural gas plant in Russia. Ukraine has widened the scope of its attacks on Russian energy assets.
WORLD
Dec 26, 2025
Ukraine says it has hit a Russian gas processing plant and oil refinery
Ukraine has widened the scope of its attacks on Russian energy assets, targeting not only crude refineries but also pipelines and other facilities.
A U.S. Marine Corps AV-8B Harrier aircraft flies after takeoff from the Roosevelt Roads naval base in Ceiba, Puerto Rico, on Tuesday.
WORLD
Dec 25, 2025
U.S. chased oil tanker away from Venezuela amid blockade
The incident occurred as the Trump administration continues a blockade piling pressure on Caracas.
Oil storage tanks at Eneos’ Negishi oil refinery in Yokohama
BUSINESS / Companies
Dec 24, 2025
Eneos leads bids for Chevron’s Singapore oil refinery stake
Other suitors for the 50% stake in Singapore Refining Company include commodity giants Glencore and Vitol.
A satellite image shows the Skipper tanker, north of Guadeloupe, on Dec. 12.
WORLD
Dec 24, 2025
U.S. eyes additional coast guard assets to seize fleeing tanker, sources say
The dayslong pursuit highlights the mismatch between the Trump ‍administration’s desire to seize sanctioned oil tankers near Venezuela and the limited resources of the coast guard.
A U.S. Marine Corps KC-130J aircraft takes off at the former Roosevelt Roads naval base in Ceiba, Puerto Rico, on Sunday.
WORLD
Dec 22, 2025
U.S. pursuit of third oil tanker intensifies Venezuela blockade
The moves on three separate vessels represent Washington’s most concerted attempt to date to sever the financial links sustaining the government of President Nicolas Maduro.
A U.S. military helicopter flies over the Panama-flagged Centuries, which was intercepted by the U.S. Coast Guard on Saturday.
WORLD
Dec 21, 2025
U.S. intercepts oil tanker off Venezuelan coast, officials say
It’s the second time in recent weeks that the United States has gone after a tanker near Venezuela amid a large U.S. military build-up in the region.
Personnel work on a U.S. Air Force MQ-9 Reaper drone as it is parked at Rafael Hernandez Airport in Aguadilla, amid ongoing military movements in Puerto Rico, on Friday.
WORLD / Politics
Dec 20, 2025
Trump doesn’t rule out war with Venezuela
U.S. President Donald Trump left open the possibility of war with Venezuela, as his top diplomat Marco Rubio vowed Friday to enforce a blockade on the country’s oil wealth.
Two crude oil tankers remain anchored on Lake Maracaibo, near Maracaibo, Zulia state, Venezuela on Wednesday.
WORLD / Politics
Dec 19, 2025
Venezuela authorizes two unsanctioned oil supertankers to depart, sources say
These would be only the second and third supertankers to depart the country since the U.S. seized a ship carrying Venezuelan oil last week.
Venezuelan President Nicolas Maduro gives a speach marking the anniversary of the death of Simon Bolivar in Caracas on Wednesday. The Trump administration’s escalating campaign against his government relies on legally dubious force and sanctions that echo past U.S. interventions.
EDITORIALS
Dec 19, 2025
Maduro is an autocrat, but that doesn’t justify a U.S. coup
It is not clear whether these actions are legal, whether there is a strategic rationale or if they would enjoy the support of the U.S. public.
A tanker carrying liquefied natural gas from the Sakhalin-2 project, in Chiba Prefecture in 2009
JAPAN
Dec 18, 2025
Japan hails U.S. extension of Sakhalin-2 LNG import permit
The decision allows Japanese trading giants Mitsui and Mitsubishi, which hold stakes in the project, to continue procuring LNG.
A mural featuring propaganda in support of Venezuelan President Nicolas Maduro in Caracas on Wednesday.
WORLD
Dec 18, 2025
Venezuela reacts defiantly to U.S. oil blockade, saying exports unaffected
The South American nation’s economy, which has been in freefall over the last decade of hard-line rule by President Nicolas Maduro, heavily relies on petroleum exports.
Oil tankers at a refinery near Punto Fijo, Venezuela, in December 2021. U.S. President Donald Trump has ordered a “blockade” of all sanctioned oil tankers entering and leaving Venezuela.
WORLD / Politics
Dec 17, 2025
Trump orders blockade of sanctioned oil tankers leaving and entering Venezuela
It is unclear how his administration will impose the blockade against the sanctioned vessels.
European Union flags flutter outside the European Commission headquarters in Brussels on Monday.
WORLD / Politics
Dec 16, 2025
EU imposes sanctions on oil traders with links to Russia’s shipping network
The EU has imposed 19 packages of sanctions so far, but Moscow has managed to adapt to most measures and is still selling millions of barrels of oil to India and China.

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