Tag: oil

Saudi Arabia Shuts East-West Pipeline After Attacks Cause Injuries

Saudi Arabia closed its East-West oil pipeline on Friday after attacks the previous day caused several injuries, the energy ministry said.

Iran Strikes US Sea Drone in Hormuz as Two Ships Hit Off Oman

Iran's Revolutionary Guard says it struck a US surface drone in the Strait of Hormuz as two ships were hit off Oman and Saudi Arabia shut a key pipeline.

Trump’s Venezuela Oil Deal Brings State Capitalism to US Energy Sector

Washington finalizes an unprecedented Venezuela oil deal eight months after Maduro's ousting, granting the US control over 65 billion barrels of reserves.

Trump Floats Renaming Strait of Hormuz ‘Trump Strait’ as Oil Record Hits 17 Million Barrels

President Trump suggested renaming the contested Strait of Hormuz the 'Trump Strait' as oil transit hit a wartime record of 17 million barrels on Monday.

Chevron Unveils $7 Billion Venezuela Plan to Double Oil Output

Chevron confirmed a $7 billion, five-year plan to more than double Venezuela oil output to 600,000 barrels a day, following a Trump administration push.

US Energy Chief Arrives in Venezuela to Sign Final Oil Pacts

US Energy Secretary arrived in Venezuela on Wednesday to sign final oil deals, with Chevron, ONGC and GE Vernova set to join.

Trump Says Exxon Entering Venezuela as US Claims 65 Billion Barrels

Trump said Friday the US secured majority control of 65 billion barrels of Venezuelan reserves and that Exxon would return, though gas prices are unlikely

Pentagon Gets 35% Stake in Venezuela Oil Firm Under $100 Billion Deal

The White House confirmed a Venezuela oil deal granting the Pentagon a 35% stake and NABEP 100-year concessions over 17 fields holding 65 billion barrels.

Trump Announces Venezuela Oil Deal Giving US Control of 65 Billion Barrels

Donald Trump said Friday the US reached a deal for majority control of over 65 billion barrels of Venezuela's oil reserves. Terms were not disclosed.

US Plan for Venezuela Oil Stake Draws Opposition Charge of ‘Predatory’ Grab

Reports the US wants a large stake in Venezuela's oil and gas reserves drew charges the plan is 'predatory' and unconstitutional as diesel hit $5.65.

Iran Ties Strait of Hormuz Reopening to End of Regional Wars

Iran said on Thursday it would set conditions to reopen the Strait of Hormuz, linking the move to an end to fighting in Gaza, Lebanon and Syria.

Iran and Oman Discuss Joint Shipping Lane Through Strait of Hormuz

Iran and Oman opened talks Tuesday on a jointly managed shipping route and mine-clearing mission through the Strait of Hormuz.

Trump Unveils Global Sanctions Plan to Isolate Iran, Warns China

The Trump administration announced a plan to isolate Iran's economy with secondary sanctions, signaling that China would not be exempt.

US Tightens Iran Sanctions as Tehran Families Cut Food and Medicine

US sanctions and a naval blockade are squeezing Iran's economy as JD Vance defends the pressure campaign nearly six months into the war.

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