Exclusive: Trump supporter and oil magnate Harry Sargeant advising US on Venezuela, sources say
Billionaire energy entrepreneur and Republican donor Harry Sargeant III and his team are advising the Trump administration on how the U.S. can engineer a return of some American oil companies to Venezuela, according to four sources familiar with the matter.
Exclusive: Vitol gets preliminary US license to begin negotiations on Venezuelan oil imports and exports, four sources say
Vitol, one of the world's largest commodity traders, has received a preliminary special license from the U.S. government to begin negotiations to import and export oil from Venezuela for 18 months, four sources said on Thursday.
Crude Oil Price Outlook – Oil Looking to Bounce?
The oil situation hasn't changed. The current lack of demand worldwide remains a problem, as does the overproduction by the US, Guyana, and others.
Oil's ‘Maduro trade' faded fast — and won't come back until Venezuela stabilizes
Economic rebuilding depends on the U.S. lifting sanctions. The wait for Venezuela — and U.S. companies — could be long.
Vitol and Trafigura in talks with US on Venezuelan oil sales, sources say
Vitol and Trafigura, two of the world's largest commodity traders, are in talks with the administration of U.S. President Donald Trump about the marketing of Venezuelan oil, four sources familiar with the matter said.
Norway's oil and gas output will fall towards 2030, regulator says
Norway's offshore oil and gas output will remain broadly steady in 2026, but investments are seen falling by 6.6%, signalling a slowdown in activity and declining production towards the end of this decade, the country's regulator said on Thursday.
Uganda opposition candidate says he will review oil deals if elected next week
Bobi Wine, the main opposition candidate in Uganda's presidential election next week, said he would review the country's agreements with international oil firms if he won power and revise any that did not favour Ugandans.
Nigeria's anti-graft agency to probe ex-oil regulator despite Dangote dropping petition
Nigeria's anti-graft agency will press ahead with a probe into the former head of the downstream oil regulator, even after billionaire Aliko Dangote's lawyers withdrew a petition that triggered the investigation, a spokesperson said on Thursday.
Oil and Natural Gas Analysis: Prices Under Pressure as Venezuelan Supply Weighs on Markets
Oil prices fell after the U.S. announced plans to import Venezuelan crude, increasing oversupply concerns, while mixed inventory data and bearish technical signals highlight continued market uncertainty.
Consumers Love Cheap Gas, but the Oil Patch Will Pay the Price
Increased supply from Venezuela could help drivers at the pump—but it might strain the industry.
Oil prices gain on US inventory draw, Venezuela in focus
Oil prices gained slightly on Thursday, rebounding from two days of declines, as a larger-than-expected draw in U.S. crude inventories provided some impetus for investors to buy futures while they monitor developments in Venezuela.
Oil Rises; U.S. Escalates Venezuela Oil Embargo
Uncertainty over Venezuela's oil exports could tighten supply of seaborne crude in the near term, TD Securities said.
