Chevron and Shell Move Closer to New Oil Deals in Venezuela
Chevron and Shell are reportedly close to sealing deals for oil production in Venezuela following the United States’…
Why Chevron Is Betting Big on Venezuela’s Heavy Crude
The headlines in early 2026 have been dominated by political upheaval in Caracas. Following the dramatic events of…
Why Venezuela’s Oil Comeback Is Proving Harder Than Trump Expected
After U.S. forces snatched Nicolas Maduro in a daring night raid earlier this month, President Donald Trump began…
Citgo Buys Venezuelan Oil for the First Time Since 2019 Sanctions
Citgo Petroleum, the U.S.-based refiner formerly owned by Venezuela’s state oil firm PDVSA, has bought its first Venezuelan…
Venezuelan Crude Is Losing Its Appeal in China
Chinese state-owned giant PetroChina, which hasn’t bought Venezuelan crude since the U.S. imposed sanctions on Venezuela in 2019,…
Venezuela Eyes $1.4 Billion in Oil Investments
Venezuela expects fresh oil investments of some $1.4 billion this year, which would be up from $900 million…
Venezuelan Oil and the Limits of U.S. Refining Capacity
Last week, U.S. President Donald Trump’s Venezuela pitch to oil executives to invest the vast sums required to…
Why Venezuela’s Vast Oil Wealth Couldn’t Prevent Its Collapse
The dramatic events over the weekend in Venezuela have renewed global attention on a country that, on paper,…
Basrah crude holds above $70 as Iran–Israel tensions keep oil markets on edge
2025-06-17T06:54:39+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Iraq’s Basrah crude oil prices posted a slight…
Oil-Rich Alberta Could Vote to Separate from Canada
Alberta could vote next year on whether to separate from Canada if a citizen-led petition gathers the requisite…
Basrah crudes record a downward trend amid global oil decline
2025-03-05T06:02:51+00:00 font Enable Reading Mode A- A A+ Shafaq News/ On Wednesday, Iraq’s Basrah Heavy and Basrah Medium…
Trump’s 10% oil tariff could cost foreign producers $10 billion annually, Goldman Sachs says
(Reuters) – Goldman Sachs said on Friday a proposed 10% U.S. oil tariff could cost foreign producers $10…