Saturday, June 6, 2026
Trump pushes ’drill baby drill’ agenda to Venezuela, hurts producers at home - oil and gas 360

Trump pushes ’drill baby drill’ agenda to Venezuela, hurts producers at home

(Investing) – HOUSTON – U.S. oil producers already reeling from low oil prices are facing renewed pressures, as President Donald Trump pushes them to boost output in Venezuela – a move that would weaken the oil market, cut revenues and hurt industry at home. Trump has enacted policies that he says would unleash American energy and lower prices at the pump

Why big oil is still gushing profits despite low oil prices- oil and gas 360

Why big oil is still gushing profits despite low oil prices

(Oil Price) – Oil markets have been volatile over the past couple of weeks, driven by a series of geopolitical developments including new U.S. sanctions on Russian energy, coupled with a fragile cease-fire in Gaza. Oil prices remain well below recent highs, with both Brent and WTI crude trading ~$15/bbl below their 52-week peak. Weak oil prices have taken a toll on