Oil

Oil

US President Donald Trump, Vice President JD Vance, Secretary of State Marco Rubio and US Secretary of the Interior Doug Burgum attend a meeting with oil industry executives, at the White House in Washington, DC, US, on 9 January 2026. Photo: Reuters

Trump urges US oil giants to repair Venezuela's 'rotting' energy industry

Trump has named oil as the priority for his strategy for the South American nation after US forces seized its leader Nicolas Maduro in an overnight raid on its capital on 3 January.

El Palito refinery of the Venezuelan state oil company PDVSA is pictured, in Puerto Cabello, Venezuela on 10 February 2024. REUTERS/Leonardo Fernandez Viloria/File Photo

White House oil meeting on Venezuela includes independents, and strong links to Denver

A man identified as Amirul Islam had constructed a tin-shed structure near the pipeline around a month ago. Taking advantage of the location, he allegedly drilled into the underground pipeline and siphoned fuel over a prolonged period. Photo: Collected

Oil theft from BPC's Chattogram-Dhaka pipeline in Mirsarai raises security concerns

File image of US President Donald Trump. Photo: Reuters

Trump announces plan to sell Venezuelan oil as US signals it is in talks with Caracas

Crude oil drips from a valve at an oil well operated by Venezuela's state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas April 16, 2015. Picture taken on April 16, 2015. REUTERS/Carlos Garcia Rawlins/File Photo

Venezuela to export $2 billion worth of oil to US in deal with Washington

Illustration: TBS

Regime change and oil: A recurring Western dilemma

An oilfield worker walks next to drilling rigs at an oil well operated by Venezuela's state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas on 16 April 2015. File Photo: Reuters

No quick wins in tapping Venezuela's oil reserves

The logo of Venezuelan state oil company PDVSA is seen on a fuel tank truck, in Caracas, Venezuela May 14, 2025. Photo: REUTERS/Leonardo Fernandez Viloria

Venezuela resorts to floating storage as onshore storage tanks fill up

An oil tanker sails on Lake Maracaibo, in Cabimas, Venezuela October 14, 2022. Photo: REUTERS/Issac Urrutia

Oil loading in Venezuela slows, more ships make U-turns after new US interceptions

A view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. Photo: REUTERS/Tatiana Meel

Oil rises as Venezuelan supply disruptions outweigh surplus concerns

Illustration: Ashrafun Naher Ananna/TBS Creative

Venezuela holds one-fifth of the world’s crude oil reserves

A conceptual illustration of rising global oil consumption, featuring a world globe, black oil barrels with one spilling, and a golden arrow graph trending upwards.

World’s largest oil consuming countries 2024

Dark clouds stretch across a refinery near Houston, Texas September 12, 2008. REUTERS/Carlos Barria/File Photo

World oil and gas demand could grow until 2050: IEA