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Trump announces 'high quality' oil deal with Venezuela
Sky News· 2026-01-07 01:32
Group 1: Oil Transfer and Economic Impact - Donald Trump announced that Venezuela's interim government will transfer between 30 and 50 million barrels of "high quality" oil to the US, valued at over $2 billion [1] - The oil will be transported by storage ships directly to US unloading docks and sold at market price, with proceeds controlled by Trump [1] - The plan is to be executed by Energy Secretary Chris Wright [1] Group 2: US Oil Companies and Venezuela - Trump has indicated that US oil companies could resume operations in Venezuela within 18 months following the arrest of President Nicolas Maduro [4] - Currently, only Chevron operates in Venezuela, while Exxon Mobil and ConocoPhillips exited after nationalization under Hugo Chavez [5] - Reports suggest that executives from US oil companies are expected to visit the White House to discuss potential investments in Venezuela [6] Group 3: Venezuela's Oil Reserves and US Sanctions - Venezuela possesses the world's largest reserves of heavy oil, surpassing Canada and Russia [5] - The US has recently blocked oil tankers from leaving Venezuela and seized several in international waters as part of sanctions enforcement [5]
Stock market today: Dow, S&P 500, Nasdaq edge down with eyes on Trump's Venezuela oil deal, looming jobs data
Yahoo Finance· 2026-01-07 00:23
US stock futures tilted lower on Wednesday, backing away from record highs as investors absorbed a promised deal to send Venezuela oil to the US and waited for fresh jobs data to lead in the all-important monthly report. Contracts on the tech-heavy Nasdaq 100 (NQ=F) slipped 0.3%, while those on the S&P 500 (ES=F) nudged down 0.1%, coming off a record-high close for the benchmark. Meanwhile, Dow Jones Industrial Average futures (YM=F) traded broadly flat after the blue-chip index closed above 49,000 for th ...
Oil Futures Give Back Post-Venezuela Incursion Gains
Barrons· 2026-01-06 20:19
Crude futures give back gains made in the wake of the ouster of Venezuelan President Nicolas Maduro by the U.S., settling below their pre-weekend levels.If the U.S. were to lift sanctions on Venezuelan oil it could release barrels "and only add to the surplus that the market is already experiencing," says Mizuho's Robert Yawger.A substantial increase in Venezuelan production is widely expected to be a long-term prospect, although from around 1 million barrels a day at present "Venezuela could get to 1.5 mil ...
3 Energy Plays to Watch as the Sector Reacts to New Developments
Yahoo Finance· 2026-01-06 18:41
Rising price chart overlays oil rigs and a refinery, highlighting strong momentum in energy stocks. Key Points Energy stocks surged on Monday, Jan. 5, as markets reacted to renewed focus on Venezuela’s oil industry and U.S. policy direction. The energy sector ETF, XLE, is pressing against a multi-year resistance level, with a breakout edging closer.  Exxon and Chevron, the two largest U.S. energy companies, are near key technical levels and remain the sector’s primary leaders and potential beneficiarie ...
Brazilian stocks rally on higher oil prices and strong services data
Invezz· 2026-01-06 17:15
Brazilian equities posted strong gains on Tuesday, supported by higher oil prices and fresh signs of improving domestic economic activity. According to InfoMoney, the Ibovespa — the benchmark index — … ...
Should You Chase the 140% Rally in TMD Energy Stock?
Yahoo Finance· 2026-01-06 16:08
TMD Energy (TMDE) stock more than doubled on Jan. 5 amid a broader energy sector rally driven primarily by the U.S. military intervention in Venezuela. The geopolitical development has created optimism around unlocking the world’s largest reserves totaling approximately 303 billion barrels. More News from Barchart Despite this massive rally, TMD shares are down some 80% versus their 52-week high. Is It Worth Buying TMD Stock Today? Despite the Venezuelan opportunity, the fundamental supply-demand dyn ...
Oil Stocks Lose Steam As Trump Signals U.S. Could Subsidize Venezuela Infrastructure Rebuild
Investors· 2026-01-06 16:02
Venezuela continues to dominate the headlines but oil stocks appeared to lose steam in Tuesday's stock market. ...
Oil Eyes Supply Disruptions as Venezuela Rebuild Talk Falls Flat
Yahoo Finance· 2026-01-06 15:37
Oil inches higher as traders are more focused on short term effects of the Venezuela oil blockade than longer term supply additions. Trump’s Venezuela Shock Jolts Energy Markets Awake - Trump’s ouster of Venezuelan President Nicolas Maduro has breathed new life into stale oil markets, particularly for US equities that are believed to benefit from cheap Venezuelan crude. - Even though less than a week has passed so far in 2026, shares of US oil major Chevron are already up 8% since the beginning of the ...
Chevron Stock Outlook: Can CVX Hold Up With Oil Under $60?
ZACKS· 2026-01-06 14:50
Key Takeaways CVX trades at a premium 23X forward P/E despite oil under $60 and weakening earnings forecasts.Chevron's earnings are more exposed to crude price volatility than peers like ExxonMobil and Shell.Downstream strength offers stability, but low oil prices still weigh heavily on Chevron's outlook.Chevron Corporation (CVX) heads into 2026 against a difficult backdrop, with oil prices stuck below $60 and global supply risks skewed toward oversupply. Over the past year, the stock has lagged the S&P 500 ...
Why Chevron’s Venezuela Exposure Puts CVX Stock in Play for 2026
Yahoo Finance· 2026-01-06 14:22
Chevron-branded fuel pump fills a vehicle at a gas station, highlighting energy demand and oil company revenue trends. Key Points Chevron is the only U.S. oil major with an active footprint in Venezuela, positioning it as a first mover as the country’s oil sector restructures. The company’s Gulf Coast refining system is uniquely suited to process heavy Venezuelan crude, giving Chevron a downstream margin advantage. While the Venezuela opportunity is significant, production recovery is expected to take ...