EconomyU.S. Energy Secretary Chris Wright was in Venezuela to promote a major oil deal, with NBC News’ Gabe Gutierrez reporting from the country.
EconomyU.S. Energy Secretary Chris Wright was in Venezuela to promote a major oil deal, with NBC News’ Gabe Gutierrez reporting from the country.
EconomyFox Business reports on Chevron’s $7 billion expansion in Venezuela as the administration promotes increased crude imports to lower gas prices and replenish the strategic petroleum reserve.
EconomyChevron of the United States, Italy’s Eni and other foreign energy producers pledged on Wednesday to significantly expand projects in Venezuela to raise oil output. The agreements were signed in Caracas at a ceremony overseen by interim President Delcy Rodriguez and US Energy Secretary Chris Wright.
EconomyU.S. Energy Secretary Chris Wright visited Venezuela’s Miraflores Palace as the two countries finalized an oil deal in Caracas. Wright said the agreement would more than double crude production over the next few years.
PoliticsPresident Donald Trump calls the 25-year oil agreement with Venezuela historic. It gives the US partial control of Venezuela’s oil reserves and is intended to secure Washington’s access to billions of barrels for years to come, although its effects may not be felt for years while fuel prices remain high.
Politics1:07:28U.S. Energy Secretary Chris Wright visits Venezuela’s Miraflores Palace in Caracas as the two countries finalize an oil deal. Wright says the agreement will more than double crude production over the next few years.
EconomyChevron CEO Mike Wirth discusses the company’s plan to invest $7 billion in Venezuela through a series of joint-venture partnerships. The deal is part of the Trump administration’s effort to revive the country’s oil industry.
EconomyUS Energy Secretary Chris Wright discusses Venezuelan oil production and exports, agreements signed with Chevron, ENI and GE Vernova, and provides an update on the Strait of Hormuz in an interview from Caracas.
EconomyStephen Schork, principal and editor at The Schork Group, calls replenishing the US Strategic Petroleum Reserve with Venezuelan oil “pure fantasy.” He also discusses the Trump administration’s plan to take majority ownership of more than 65 billion barrels of Venezuela’s oil reserves, US refining capacity and strategic stockpile levels.
EconomyChevron plans to invest $7 billion over the next five years to more than double its oil production in Venezuela. It is the company’s largest financial commitment so far to a US government-led effort to revive the Latin American country’s industry.
EconomyU.S. Energy Secretary Chris Wright, acting Venezuelan President Delcy Rodriguez and senior oil officials present the Trump administration’s energy agenda at a signing ceremony and press conference for a major Venezuela oil deal.
EconomyVenezuela's parliament has approved giving the United States control of a fifth of the country's oil reserves in a landmark deal. The move cements Washington's grip on a government it helped install after toppling President Nicolas Maduro in January.
EconomyPeople in Venezuela are questioning whether they will benefit from a controversial oil agreement with the United States. Announced recently by both countries, the deal could bring up to $100bn in investment over the next 25 years, as reported from Caracas by Al Jazeera’s Noris Soto.
EconomyUS Energy Secretary Chris Wright arrived in Venezuela on Tuesday ahead of a signing ceremony for a landmark oil agreement between Washington and Caracas. The deal would establish a US-controlled private company holding 65 billion barrels of proven reserves and is intended to attract further American energy investment despite serious challenges.
PoliticsWednesday's press review examines the shadowy magnate who brokered an oil deal between Washington and Caracas. The Pacific Islands Forum wants to focus on climate change, but China's anger over Taiwan's presence is dominating attention. The Bayeux Tapestry has also returned to Britain after nearly a millennium, possibly carrying salacious secrets.
Economy2:01The White House said it will partner with North American Blue Energy Partners in President Donald Trump’s effort to tap Venezuela’s oil industry. The agreement would give the Pentagon a stake in roughly one-fifth of Venezuela’s vast oil reserves. The ruling-party-dominated National Assembly later voted to approve the oil deal with the Trump administration.
PoliticsLegal experts say toppled Venezuelan President Nicolas Maduro faces long odds in persuading a U.S. judge to dismiss the criminal charges against him.
EconomyU.S. President Donald Trump’s oil deal with Venezuela could affect Canada because both countries produce the same type of heavy crude. Trump has called it the “biggest oil deal in world history” and shared an article saying it “puts Canada on notice,” prompting questions about the future of Canada’s energy industry.
WorldTrump has made a massive oil announcement and plans to meet with refinery executives, raising questions about who will control one of the world’s largest energy reserves. DW spoke with John D. Feeley, a former US ambassador to Panama and current executive director of the Center for Media Integrity of the Americas.
EconomyU.S. President Donald Trump says Canada is “on notice” after the United States reached a deal with Venezuela to take control of its oil reserves. Energy expert Heather Exner-Pirot examines what the arrangement could mean for Canada’s oil industry.
WorldAs the war with Iran continues to drive up oil and gas prices, President Donald Trump announced an oil deal with Venezuela that would give the U.S. access to roughly 65 billion barrels of the country’s reserves. Acting President Delcy Rodríguez called it an opportunity for economic growth, but NBC News explains why it is unlikely to lower U.S. prices soon. In Nepal, more than 900 people have been confirmed dead and the search for survivors is becoming increasingly frantic.
EconomyPresident Trump is presenting a deal giving the US a stake in 65 billion barrels of Venezuelan oil as a victory that will cut gasoline prices and restore depleted crude reserves. Whether it can achieve either goal during his presidency remains highly uncertain. People familiar with the matter say Trump pressed for the move after becoming frustrated that ExxonMobil and ConocoPhillips were not increasing Venezuelan production quickly enough.
PoliticsPresident Donald Trump said the United States reached an oil agreement with Venezuela that would more than double US oil reserves, increase supply and lower gas prices. He said the deal gives the US majority control of more than 65 billion barrels through a partnership with private business.
EconomyHeritage Foundation chief economist EJ Antoni says the historic U.S.-Venezuela oil agreement could help replenish the Strategic Petroleum Reserve and diversify U.S. energy imports. A report says President Trump will meet with oil executives after the deal.