Wednesday, November 26, 2025
Chevron CEO affirms long-term presence in Venezuela as political pressure grows- oil and gas 360

Chevron CEO affirms long-term presence in Venezuela as political pressure grows

(World Oil) – Chevron Corp., the only major U.S. oil company left in Venezuela, wants to remain in the sanctioned country for the long-term and sees a role in rebuilding its economy when the time is right. “The kinds of swings that you see in places like Venezuela are challenging but we play a long game,” Chief Executive Officer Mike Wirth

OPEC aims for price stability, ignores political pressure- oil and gas 360

OPEC aims for price stability, ignores political pressure

(Investing) – Tuesday at the India Energy Week conference, OPEC Secretary General Haitham Al Ghais emphasized the organization’s commitment to long-term market stability over political considerations. This stance comes in response to U.S. President Donald Trump’s calls for increased oil production to lower prices. Al Ghais stated that OPEC’s decisions are based on technical analysis of the market, focusing on supply