Venezuela, gas prices and United States oil
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As Washington moves to reshape Venezuela’s oil sector, campaign finance data shows Republicans received the vast majority of oil and gas industry election spending in 2023 and 2024.
Oil and gasoline prices could rise slightly due to Venezuelan export losses and geopolitical uncertainty, though pump prices remain at COVID-19 lows.
Oil and gas stocks are attracting renewed investor attention, with oil-related companies posting gains amid geopolitical developments, including the recent U.S. operation in Venezuela that removed President Nicolás Maduro from Caracas.
At 7 a.m., the earth began to rumble. Suddenly, oil blew out of its well in a massive eruption that towered 200 feet in the air and sprayed the fearful villagers of La Rosa.
Most of the reserves in the country are extra-heavy oil that’s tough to extract and generates more greenhouse gases.
Harbour Energy will acquire LLOG Exploration for $3.2 billion, expanding its offshore footprint in the deepwater U.S. Gulf of America.
US Energy Secretary Wright plans to talk with oil companies about rebuilding Venezuela’s energy industry but it is far from certain the companies will be eager to take on such a huge task.
It will take years and billions in investment to revitalize Venezuela’s oil industry, and energy producers will likely be cautious before stepping in.
In investing circles, "oil and gas" are often spoken in the same breath when talking about the energy industry, markets and stocks. While it's true that these areas share some overlap, it'
The U.S. strike on Venezuela has renewed focus on the country's oil sector, which includes some of the richest crude reserves in the world. "We're going to rebuild the oil infrastructure, which will cost billions of dollars,