Trump Has a China Problem in Venezuela: What to Do With Beijing’s Debt and Oil Stakes

By Didi Tang And Bernard Condon A banner on the front end of a bus features images of Venezuelan President Nicolas Maduro and China’s Xi Jinping with a message that…

US Drillers Cut Oil and Gas Rigs for First Time in Three Weeks, Baker Hughes Says

(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes said…

Trump Pushes ‘Drill Baby Drill’ Agenda to Venezuela, Hurts Producers at Home

By Georgina McCartney and Arathy Somasekhar Trump aims for $50 oil, below profitable level for U.S. producers Venezuelan oil redirection to pressure U.S. shale margins U.S. refineries to benefit from…

Trump Urges US Oil Giants to Repair Venezuela’s ‘Rotting’ Energy Industry

(Reuters) – U.S. President Donald Trump began a meeting to discuss Venezuela with executives from some of the world’s largest oil companies at the White House on Friday, saying he…

Banks Eye Venezuela Investment, JPMorgan Seen With Advantage

(Reuters) – The U.S. involvement in Venezuela’s oil sector offers a potential opportunity for international banks, with JPMorgan Chase in an advantageous spot due to its history in the country…

New Fortress Seeks to Push Debt Deadline as Restructuring Looms

By The New Fortress Energy liquefied natural gas terminal near the Port of San Juan in Puerto Nuevo, Puerto Rico. Photographer: Alejandro Granadillo/Bloomberg Get the Latest US Focused Energy News…

How One Oil Company Got a Head Start in Venezuela

The Trump administration wants the oil majors to rebuild the nation’s energy industry. Chevron has been on the ground there for decades. By With Venezuela President Nicolás Maduro in a…

TotalEnergies Lands Key Offshore Exploration Permit in Lebanon

TotalEnergies has signed an agreement with Lebanon to obtain an offshore exploration permit in the eastern Mediterranean next to a block where it has started exploration, the French oil and…

Oil Prices Rise as Protests in Iran Escalate

Oil prices rose early on Friday as protests in Iran continued to escalate, unnerving market participants that one of the biggest oil producers in the Middle East could see supply…

Russian Oil Production Dips as U.S. Sanctions Bite

Russia’s crude oil production dipped to 9.326 million barrels (bpd) in December, down by over 100,000 bpd from November and nearly 250,000 bpd lower than Moscow’s OPEC+ quota, sources familiar…