# oil
Latest news and articles about oil
Total: 9 articles found
Trump Says He Will Visit Venezuela as U.S. Officials Hold High‑Level Talks on Energy and Sanctions
President Trump announced he will visit Venezuela and said U.S. companies are extracting oil there, as Washington pursues high‑level talks with Caracas on energy, mining and sanctions. U.S. Energy Secretary Chris Wright met Venezuela’s acting president in Caracas to negotiate cooperation and possible sanctions relief, while anti‑U.S. demonstrations have erupted in the capital.
Tens of Thousands in Caracas Rally Against Alleged U.S. Attack, Reaffirming Maduro’s Anti‑Imperialist Line
About 20,000 people rallied in Caracas on Venezuela’s Youth Day to protest what demonstrators described as a U.S. attack, calling for the release of President Nicolás Maduro and his wife and voicing solidarity with Cuba against recent U.S. pressure. The march highlights Maduro’s continued use of anti‑imperialist mobilization to bolster legitimacy and complicate international responses.
Asia Stocks Climb as Japan Rally Dominates; Dollar Firms, Gold Slides and Offshore RMB Strengthens
Japan's equity rally, driven by Sanae Takaichi's election victory and investor bets on policy continuity, pushed the Nikkei to fresh highs and lifted regional markets. At the same time the dollar stabilized, gold and silver fell back, crude eased slightly, and the offshore renminbi strengthened past 6.91 amid speculation Beijing is promoting the yuan's global role.
Maduro Becomes a Bargaining Chip: China’s Rebuke and Venezuela’s Military Backing Tilt the Standoff
A U.S. raid that captured Nicolás Maduro has unexpectedly strengthened the hand of Venezuela’s acting president by consolidating military support and drawing an unequivocal diplomatic rebuke from China. The episode has turned Maduro into a bargaining chip in a wider contest over Venezuelan oil, sovereignty and great-power influence in Latin America.
Leaked Draft Shows U.S. Tying Iran Deal to Cuts in Oil Sales to China — A Strategic Move Beyond the Gulf
A leaked draft published by Israeli sources shows U.S. negotiating demands on Iran include a reduction of Iranian oil exports to China, turning a nuclear and regional-security dialogue into a broader U.S.–China contest. Tehran is unlikely to accept terms that undermine its deterrent capabilities and economic lifelines, and the clause risks pushing Iran closer to Russia and deepening great‑power geopolitical rivalry.
Chinese Commodity Futures Slide as Shanghai Silver Plunges Nearly 15%
China’s commodity futures closed mostly lower, with Shanghai silver plunging about 15% and several industrial metals dropping sharply. Energy contracts were mixed, with LPG and fuel oil rising modestly while crude oil broadly held small gains. The moves highlight volatile, leverage-sensitive market dynamics that could strain producers and prompt regulatory scrutiny.
U.S. to Open Diplomatic Outpost in Venezuela as Washington Consolidates Control
U.S. Secretary of State Marco Rubio announced plans to open a diplomatic facility in Venezuela to obtain "real‑time information" and engage directly with Caracas following a U.S. operation that removed President Nicolás Maduro. The step formalizes Washington's on‑the‑ground role and raises questions about sovereignty, regional reactions, and future access to Venezuelan oil resources.
Gold and Silver Surge as US Markets Split; Intel’s Weak Guidance Sends Chips Reeling
On January 23, risk assets split: US major indices finished mixed while gold and silver surged to record nominal highs and oil rallied. Intel’s disappointing guidance triggered a sharp sell-off in its shares and weighed on semiconductor sentiment, even as select big-tech names gained. Commodity strength, driven by safe-haven flows and supply concerns, prompted Goldman to lift its 2026 gold target to $5,400 an ounce.
After the Raid: How a U.S. Strike on Caracas Reverberates Across Latin America
A U.S. military operation in early January that detained Venezuela’s president and transferred control of some Venezuelan oil has left Caracas on edge and reinvigorated regional anxieties about sovereignty and economic dependency. The incident has accelerated Latin American reconsideration of strategic alignments, highlighting both internal governance weaknesses and a growing appetite for alternatives to U.S.-centric models.