The US military says its forces have seized a third oil tanker in the space of a week.
The White House is summoning oil executives to discuss potential investment in Venezuela on Friday, and while a preliminary list of attendees features the big names of American oil - Chevron , Exxon Mobil and ConocoPhillips - it also includes several smaller independents and private equity-backed players.
President Donald Trump meets with major oil companies after successful military operation captured Venezuelan president Nicolás Maduro and wife Cilia Flores on narcotics charges.
The U.S. Coast Guard intercepted the sanctioned tanker Olina in waters near Venezuela.
Crude oil futures target breakout above 50-day moving average as Iran protests, Venezuela turmoil, and Russia-Ukraine tensions threaten global supply disruptions.
President Donald Trump and oil executives will meet at 2 p.m. ET in the White House to discuss investment in Venezuela after the capture of President Nicolas Maduro.
There are ways to bring down gasoline prices without punishing U.S. oil drillers.
Oil rebounds as risk premiums lift Brent and WTI, while natural gas stabilizes near $3.35 amid weak demand growth and lingering supply uncertainty.
Venezuela operation reflects a long-held desire to leverage military might into control over energy—though falling prices are hurting U.S. producers.
Russia, Iran and Venezuela have amassed an armada of aging tankers to move barrels around the world.
‘Control of Venezuela oil is shifting rapidly from boardrooms to governments', says Nigel Green of deVere Group.
Crude oil triggered a one-day bullish reversal and is challenging 50-day resistance, with confirmation above $59.00 needed to validate a broader trend change and higher targets.