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Massie blasts Trump for selling 'stolen' Venezuelan oil 'for his own piggy bank'
Rep. Thomas Massie criticized President Donald Trump's handling of seized Venezuelan oil, arguing the president cannot legally sell it for "his own piggy bank."
Oil Falls in Asia; U.S.-Europe Tensions in Focus
Oil fell in early Asian trading amid risk-off mood spurred by ongoing U.S.-Europe tensions over Greenland.
Peru state oil firm workers kick off three-day strike over privatization plan
Workers at Peru's state-run oil company, Petroperu, launched a 72-hour strike on Monday to protest a plan to privatize parts of the firm, though the company asserted that operations remained normal and the government has declared the walkout unlawful.
India's MRPL scouts for Venezuelan oil as it halts Russian imports
India's Mangalore Refinery and Petrochemicals Ltd is exploring purchases of Venezuelan oil as it halts imports of Russian oil to comply with Western sanctions, its head of finance Devendra Kumar said on Monday.
Oil News: Crude Oil Futures Volatile as Iran Tensions Clash with Supply Glut
Crude oil futures rise for fourth week but volatile as Iran tensions fade and Venezuela resumes production. Key pivot at $58.46 determines direction.
Oil Falls as Middle East Tensions Continue to Fade
Oil fell in the early morning Asian session as Middle East tensions continue to fade, easing worries over possible supply disruptions.
How Venezuela went from South America's richest to poorest economy despite massive oil reserves
Decades of nationalization, socialism, crony hiring and money printing turned Venezuela's oil sector into a hollow shell, shrinking output, crushing incomes and forcing a historic exodus.
Oil News: Crude Oil Futures Edge Higher as Iran Tensions Offset Supply Glut
Crude oil futures rise on Iran military strike concerns, but Venezuela supply increases may cap gains. Technical analysis shows range-bound action ahead.
Trump Wants Venezuela's Oil. History Says Tread Carefully.
Oil companies might want to look at past U.S. exploits in the region before rushing back in.
The Tanker Tycoons and Oil Brokers Cashing In on the Venezuela Trade
Oil traders Vitol and Trafigura and Greek tanker owners are diving back into the country after Nicolás Maduro's ouster.
Venezuelan banks will get $300 million of oil money to sell on exchange market, sources say
Four Venezuelan banks were notified this week by the country's government that they will split $300 million of oil revenues deposited in an account in Qatar, enabling them to sell dollars to Venezuelan companies that need foreign exchange to pay for materials, two financial sources and an analyst said.
Oil News: Crude Oil Outlook—Iran Tensions Ease, But Supply Risks Remain
WTI crude oil rebounds from support zone at $58.93 – $58.52 as Iran tensions ease. Rising U.S. inventory and Venezuela production cap gains.
