‘Massive’ untapped oil and gas reserves discovered beneath the Permian. What will it take to tap it?
The U.S. Geological Survey, the federal government’s earth sciences arm, discovered new oil and gas reserves in the Permian Basin — enough to supply the United States for 10 months. The USGS said ...
The United States has completed its first sale of Venezuelan oil, valued at $500 million, according to an administration official. Additional sales of oil are expected in the coming days and weeks, ...
When President Trump announced the capture of former Venezuelan President Nicolás Maduro and his wife on Saturday, he justified the military operation in part by framing it as a move to recover assets ...
“No one was paying any attention to Venezuelan oil two weeks ago,” a longtime oilman said to me the other day, “but now everyone is.” Donald Trump made that happen. Following the dramatic seizure of ...
Oil prices barely budged after the U.S. ousted Venezuela’s Nicolás Maduro and President Trump pledged billions to revive the country’s oil infrastructure. WSJ’s David Uberti breaks down the market ...
Alain Sherter is a senior managing editor with CBS News. He covers business, economics, money and workplace issues for CBS MoneyWatch. The U.S. strike on Venezuela has renewed focus on the country's ...
President Trump said Sunday that he spoke to oil companies ahead of the operation in Venezuela and claimed they’re eager to revitalize the industry in the South American nation. Reporters on Air Force ...
The White House had pointed to drug trafficking and migration as reasons to crack down on Nicolás Maduro. But oil emerged as central to President Trump. By Anton Troianovski Reporting from Washington ...
Tanker seizures risk removing up to 500,000 barrels per day of Venezuelan supply if storage constraints force production shut-ins. Venezuelan heavy sour crude is difficult to replace, creating ...
Oil prices on Tuesday dropped to their lowest point since 2021. U.S. benchmark West Texas Intermediate was trading at about $55 per barrel, according to Business Insider’s tracker. That’s down from ...
The oil market is under pressure this year as OPEC+ members have rapidly ramped up production after years of output cuts. Investors are also pricing in lower geopolitical risk on a possible peace ...
The South American country increasingly at odds with the Trump administration has the world’s largest oil reserves. Note: Data shows estimates of proven oil reserves for 2025. Source: Oil & Gas ...
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