(World Oil) – President Donald Trump signaled he’s leaning toward excluding ExxonMobil from his push for U.S. oil majors to rebuild Venezuela’s petroleum industry, saying he was displeased with the company’s response to his initiative. “I’d probably be inclined to keep Exxon out,” Trump told reporters late Sunday aboard the presidential plane on the way back to Washington from his
(BOE Report) – If record-high U.S. stock prices accurately reflect investors’ assessment of the first year of Trump 2.0, then it’s a glowing scorecard for the most interventionist government in decades. It’s yet another example of the topsy-turvy economic world where the global norms and orthodoxies of the last 40 years are being questioned and sometimes discarded by the U.S.
(Oil & Gas 360) – The oil and gas industry is moving from intention to action. With a focus on sustainability and operational advancements, this sector is investing in groundbreaking technologies to meet new demands. Find out how the Oil and Gas Decarbonisation Congress (DECARBON) 2026 is driving this transformation and reshaping the global energy landscape. The oil and gas sector
(Oil Price) – Azerbaijan, a key natural gas supplier to Europe, raised its production by 2.4% in 2025 from the previous year, the Azeri Ministry of Energy said on Monday. Azerbaijan produced 51.5 billion cubic meters (bcm) of natural gas last year, up by 1.2 bcm, or 2.4%, compared to 2024, according to the ministry’s data cited by the Azerbaijan State News Agency
(BOE Report) – Global oil trading houses have emerged as early winners in the race to control Venezuelan crude flows, getting ahead of U.S. energy majors wary of credit and legal risks and securing a potentially lucrative business opportunity in the country with the world’s largest crude reserves. U.S. President Donald Trump said U.S. majors would invest billions of dollars
(Oil Price) – President Donald Trump’s crackdown on offshore wind power in the United States could spill over globally, dampening investor sentiment in the industry, wind power executives have warned. Citing the chief executive of Vestas, the turbine maker, the Financial Times reported today that the ban on offshore wind in the United States heightened uncertainty, which would reduce investors’ risk tolerance and
(World Oil) – Ukraine overnight targeted three drilling platforms in the Caspian Sea owned by Russian oil major Lukoil in the latest move to weaken Russia’s economic capacity to fund its war effort. The platforms, V. Filanovsky, Yuri Korchagin, and Valery Grayfe, sustained direct hits, the General Staff of the Armed Forces of Ukraine said on its Telegram channel. The
(Investing) – LONDON – Oil prices fell slightly on Monday after Iran said it had total control following the biggest anti-government demonstrations in years, easing some concerns over supply, while investors also weighed efforts to resume oil exports from Venezuela. Brent crude futures lost 28 cents, or 0.44%, to $63.06 a barrel by 1402 GMT while U.S. West Texas Intermediate crude was
