Energy Secretary Chris Wright said on Wednesday the Trump administration will oversee the sale of Venezuelan oil and control the proceeds under a new export plan designed to get crude flowing again ...

Wright said the U.S. will let Venezuela's oil "flow" and send proceeds back. President Trump has been adamant that the U.S. will take control of Venezuela’s oil. Wednesday morning, Energy Secretary ...

WTI price drifts lower to near $58.00 in Tuesday’s early European session. Traders assess the possible impact on crude flows from Venezuela after the US capture of Maduro. The API crude oil stockpiles ...

MIAMI — Cubans and Cuban Americans who oppose the island’s communist regime were hopeful about the effects of change in Venezuela. President Donald Trump told reporters that the Cuban government was ...

Petrobras PBR, the national oil and gas company of Brazil, successfully began the production of oil at the FPSO P-78 unit in the Búzios field, located in the pre-salt layer of the Santos Basin. This ...

It will take years and billions in investment to revitalize Venezuela’s oil industry, and energy producers will likely be cautious before stepping in. By Rebecca F. Elliott President Trump painted a ...

Bank deposits have been increasing for more than a year, according to the FDIC. While that could let banks make more loans, many banks are being cautious. Many Gulf Coast refiners have a stake in the ...

CALGARY, Alberta, Dec. 11, 2025 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to announce its 2026 budget with capital projects driving profitable ...

Chevron (CVX) is rated Hold due to its strong FCF, record production, but high sensitivity to oil price volatility. CVX’s Hess acquisition boosts production and FCF, but guidance assumes $70 oil, ...

Pipeline operator Enbridge ENB0.58%increase; green up pointing triangle will push ahead with a $1.4 billion expansion of its core network to boost deliveries of Canadian heavy oil and reach key ...

ConocoPhillips' business generates strong free cash flow, providing the funds to repurchase shares and pay dividends. It expects its already robust free cash flow will grow by $1 billion each year ...