Tag - oil

 
 

OIL

U.S. Treasury Secretary Scott Bessent speaks during a news conference at the Treasury Department in Washington on Dec. 17.
WORLD / Politics
Jan 27, 2026
‘Not interested’: Alberta premier rejects U.S. statehood in swipe at Bessent
The U.S. Treasury Secretary suggested last week that the Canadian province might hold a referendum on whether to stay in Canada or not.
The silhouette of a French navy boat surrounding the GRINCH oil tanker, intercepted by France in the Alboran Sea on suspicion of operating under a false flag and belonging to Russia's shadow fleet that enables Russia to export oil despite sanctions, and diverted to the port of Marseille-Fos, in the Gulf of Fos-sur-Mer, near Martigues, France, on Sunday.
WORLD / EXPLAINER
Jan 26, 2026
What is Russia’s ‘shadow fleet’ and how does it work?
France intercepting an oil tanker suspected of being part of Russia’s “shadow fleet” has drawn attention to how the vessels allegedly operate to escape Western sanctions.
A Liberian-flagged oil tanker sails through Havana Bay on Jan. 9 after departing from Mexico to deliver refined fuel for Cuba.
BUSINESS
Jan 24, 2026
Mexico weighs stopping oil shipments to Cuba amid concerns of Trump retaliation
The policy is under review as anxiety grows within President Claudia Sheinbaum’s cabinet that the shipments could antagonize the U.S.
Crude oil tankers at Maracaibo Lake in Maracaibo, Venezuela, on Monday
WORLD
Jan 14, 2026
U.S. files for warrants to seize more Venezuela-linked oil tankers: sources
The exact number of seizure warrants the U.S. has filed for, and how many it has already received, ​is unclear, the sources said, ‌but dozens have been filed.
U.S.-Cuba tensions rose after U.S. President Donald Trump vowed to stop Venezuelan oil and money from reaching Cuba and suggested the communist-run island to strike a deal with Washington.
BUSINESS / Economy
Jan 13, 2026
Clock ticks in Cuba as Trump cuts off Venezuelan oil
The question of how long the country can hold out in the face of vastly reduced oil imports is now top of mind for the island’s ‌struggling residents.
Accumulated garbage in Havana on Jan. 6. Even before U.S. special forces whisked away President Nicolas Maduro of Venezuela, which has until now provided Cuba with heavily subsidized oil, power cuts across the island country were already affecting water delivery, trash collection and the medical system.
WORLD / Politics
Jan 13, 2026
Cuba faces humanitarian crisis and government collapse as U.S. piles on pressure
Reports by European diplomats raised the prospect that Cuba could be the next domino to fall after the U.S. capture of Venezuelan President Nicolas Maduro.
Iranian Supreme Leader Ayatollah Ali Khamenei
WORLD / Politics / FOCUS
Jan 12, 2026
Iran edges closer to a revolution that would reshape the world
The Islamic Republic has been severely weakened thanks to economic woes and Israel striking both it and its proxies.
A Liberian-flagged oil-chemical tanker sails through Havana Bay as U.S.-Cuba tensions rise after U.S. President Donald Trump vowed to stop Venezuelan oil and money from reaching Cuba and suggested the communist-run island to strike a deal with Washington, in Havana on Sunday.
WORLD / Politics
Jan 12, 2026
Trump vows to cut off Cuba’s oil after toppling Venezuelan ally Maduro
Trump urged Cuba to “make a deal” soon, pledging to cut off all oil and money flowing to the communist-run island.
Nicolas Maduro, the ousted president of Venezuela, and his wife, Cilia Flores, are escorted off a helicopter on their way to the federal courthouse in Manhattan on Jan. 5.
COMMENTARY / World
Jan 11, 2026
The precedents to Trump’s Venezuela operation
Whereas fascists and imperialists know that war requires real combat, Trump seems unwilling or unable to go that far, not least because he is weak at home.
ExxonMobil CEO Darren Woods Marathon Petroleum CEO Maryann Mannen attend a meeting with U.S. President Donald Trump at the White House in Washington on Friday.
BUSINESS
Jan 10, 2026
Trump pitches Venezuela oil to U.S. majors — and hits skepticism
Experts warned that vast reserves on paper do not translate into profitable production, pointing to outdated infrastructure and political instability.
A U.S. Coast Guard official looks toward the Russian-flagged Marinera in an image released on Wednesday.
WORLD
Jan 10, 2026
U.S. says it seized another tanker that tried to break Venezuela blockade
Washington has deployed a huge naval force in the Caribbean, striking boats it says were used for drug trafficking and seizing tankers.
The Cardon oil refinery in Punto Fijo, Venezuela. Companies like Exxon Mobil and ConocoPhillips say that Venezuela owes them billions of dollars for confiscating their assets two decades ago.
BUSINESS / Companies
Jan 9, 2026
Which U.S. oil companies have interests in Venezuela?
U.S. President Donald Trump has meet with American oil bosses to encourage investment in Venezuela’s run-down industry.
A U.S. Coast Guard official looks through binoculars at the ship Marinera (Ex-Bella 1) in this image released Wednesday.
WORLD
Jan 8, 2026
U.S. seizes Russian-flagged tanker and another tied to Venezuela as Trump widens oil push
With a Russian submarine and vessels nearby, one tanker’s seizure risked more confrontation with Moscow, which has condemned U.S. actions over Venezuela.
Supporters of deposed Venezuelan leader Nicolas Maduro hold up a portrait of him as they gather near Miraflores Palace in Caracas, Venezuela, on Sunday.
WORLD / Politics
Jan 7, 2026
Trump announces plan to sell Venezuelan oil in sign of talks with Caracas
The U.S. president said Venezuela would sell 30 million to 50 million barrels of sanctioned oil that would be shipped directly to the United States.
Flaring at the Amuay Refinery in Punto Fijo, Venezuela, in 2021. Years of corruption, underinvestment, fires and thefts have left Venezuela’s crude facilities in tatters.
WORLD / Politics
Jan 6, 2026
Trump says U.S. may reimburse firms for Venezuela oil efforts
Years of corruption, underinvestment, fires and thefts have left the Latin American country’s crude facilities in tatters.
The El Palito refinery in Puerto Cabello, Venezuela
BUSINESS
Jan 5, 2026
Trump’s Venezuela oil revival plan is a $100 billion gamble
Oil output in Venezuela plummeted during the 12-year term of President Nicolás Maduro, who was captured early Saturday by U.S. troops.
Drilling rigs at a well operated by Venezuela's state oil company, PDVSA, in the oil rich Orinoco belt in the state of Monagas in April 2015
BUSINESS / ANALYSIS
Jan 4, 2026
Despite Maduro’s capture, there are no quick wins in tapping Venezuela’s oil reserves
The South American country may have the world’s largest estimated oil reserves, but output has plummeted over the past decades.
Workers assemble new Nissan Leaf electric vehicles at a production facility in Sunderland, England, on Dec. 16.
COMMENTARY / World
Dec 29, 2025
The positive climate news you may have missed this year
Much climate news is gloomy, but there are positive developments all the time — so many, in fact, that it’s easy to miss some of the things that have been happening.
A flare stack at an liquefied natural gas plant in Russia. Ukraine has widened the scope of its attacks on Russian energy assets.
WORLD
Dec 26, 2025
Ukraine says it has hit a Russian gas processing plant and oil refinery
Ukraine has widened the scope of its attacks on Russian energy assets, targeting not only crude refineries but also pipelines and other facilities.
A U.S. Marine Corps AV-8B Harrier aircraft flies after takeoff from the Roosevelt Roads naval base in Ceiba, Puerto Rico, on Tuesday.
WORLD
Dec 25, 2025
U.S. chased oil tanker away from Venezuela amid blockade
The incident occurred as the Trump administration continues a blockade piling pressure on Caracas.

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