The United States is in talks with Chevron , other crude producers, and major oilfield service providers about a plan to quickly raise Venezuela's crude production, Bloomberg News reported on Saturday citing senior administration officials. ...

Core Viewpoint - The United States has seized oil from Venezuelan tankers and plans to process it in U.S. refineries, as stated by President Donald Trump in a recent interview [1] Group 1 - The U.S. government is actively taking control of oil resources from Venezuela, indicating a significant shift in energy sourcing and geopolitical strategy [1] - The processing of seized Venezuelan oil in U.S. refineries suggests an increase in domestic oil supply and potential impacts on the U.S. oil market [1]

Economic Growth and Oil Politics - The American economy is experiencing a significant boom, with growth rates potentially exceeding 5 percent, driven by declining oil prices and rising wages [5][6][7] - Gasoline prices and various oil-related costs are decreasing, contributing to an increase in disposable income for the middle class, estimated at an additional $1,500 due to lower inflation and tax refunds [6] - The decline in oil prices is seen as beneficial for the American economy, while negatively impacting Russia and China by eliminating cheap oil discounts for China [4][5] Geopolitical Strategy - President Trump's actions are perceived as reducing the influence of Russia and China in the Western hemisphere, with potential regime changes in countries like Venezuela and Cuba [2][3] - The negotiation for military access in Greenland is part of a broader strategy to enhance American security and sovereignty in the region, reminiscent of historical military arrangements [3] - The Trump administration's approach is characterized as a modern interpretation of the Monroe Doctrine, aiming to prevent foreign interference in the Americas [3] Diplomatic Maneuvering - Trump's diplomatic efforts are viewed as effective in outmaneuvering Russian and Chinese interests globally, positioning the U.S. as a dominant player on the world stage [8] - The administration's strategy is described as a successful chess game, with Trump securing various international deals that bolster American influence [1][8]

Oil major Exxon Mobil's subsidiary XTO Energy is seeking buyers for some of its assets in the Eagle Ford shale basin in South Texas, an Exxon spokesperson confirmed to Reuters in a statement. ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

CALGARY, Alberta, Jan. 23, 2026 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (TSX: NVA) ("NuVista") and Ovintiv Inc. (NYSE, TSX: OVV) ("Ovintiv") are pleased to announce that today at NuVista's special meeting (the "Meeting") of holders ("NuVista Shareholders") of common shares of NuVista ("NuVista Shares"), NuVista Shareholders voted in favour of the previously announced plan of arrangement (the "Transaction") involving NuVista, NuVista Shareholders, Ovintiv Canada ULC ("Ovintiv Canada") and Ovintiv Inc. At the ...

CALGARY, AB, Jan. 23, 2026 /PRNewswire/ - NuVista Energy Ltd. (TSX: NVA) ("NuVista") and Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv") are pleased to announce that today at NuVista's special meeting (the "Meeting") of holders ("NuVista Shareholders") of common shares of NuVista ("NuVista Shares"), NuVista Shareholders voted in favour of the previously announced plan of arrangement (the "Transaction") involving NuVista, NuVista Shareholders, Ovintiv Canada ULC ("Ovintiv Canada") and Ovintiv Inc. At the Mee ...

Houston, Texas, Jan. 23, 2026 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL) (“Battalion” or the “Company”) today announced several operational updates related to its gas treating arrangements and production performance. Key Highlights Termination of Gas Treating Agreement (“GTA”) with Wink Amine Treater, LLC (“WAT”) related to its acid gas injection facility (“AGI Facility”).Entry into a gas treating agreement with a publicly traded large-cap midstream company. Management Comments The ...

I cover energy here at CNBC and here's what you need to know about Iran's role in the global oil markets. Iran pumps around 3.4% million barrels per day. By comparison, Saudi Arabia almost triples that at 9.5% million barrels and the U.S. pumps even more, about 13.5% million barrels per day.On top of that, existing sanctions due to disputes around Iran's nuclear program means that Iran's exports can't be sold on the open market. China has essentially become the lone buyer of Iranian barrels. What the sancti ...

SCARLET: FROM NEW YORK CITY, I'M SCARLET FU. "BLOOMBERG REAL YIELD" STARTS RIGHT NOW. PRESIDENT TRUMP SPARKS FRESH WAVES OF MARKET VOLATILITY.U.S. CONSUMER SENTIMENT SURGES TO A FIVE-MONTH HIGH. SOLID ECONOMIC DATA GIVES THE FEDERAL RESERVE ALL THE MORE REASON TO PAUSE. WE BEGIN WITH THE BIG ISSUE, THE WORLD'S VIEW OF AMERICA.>> IF YOU LOOK AT THE ECONOMY, THERE'S A LOT OF GOOD SHORT-TERM THINGS. >> THE U.S. SENTIMENT IS UNABATED. >> THE U.S. HAS BEEN AN INCREDIBLY STRONGLY PERFORMING MARKET.>> PEOPLE ARE C ...