The Latest Breaking News from Chris Wright

Trump ally defends Venezuela oil deal amid ‘gunpoint diplomacy’ criticism

Energy secretary Chris Wright denies US seeks to ‘take’ country’s oil, saying deal is transformation of relations

The Guardian - UK · Sep 2

US energy secretary vows oil output will double on visit to Venezuela

US Energy Secretary Chris Wright landed in Venezuela on Tuesday ahead of a signing ceremony for a landmark oil deal between the US government and Venezuela. The deal would see the US create and control a private company that will hold 65 billion barrels in proven oil reserves. This agreement…

France 24 · Sep 2

Chevron unveils $7 billion Venezuela deal as US claims a fifth of the country's oil

Chevron announced a $7 billion expansion deal for its Venezuelan operations on Wednesday, hours after the country's parliament approved handing Washington control over a fifth of its oil reserves.

Euronews · Sep 2

Crude Oil Prices Consolidate Below Thursday’s 1-Month High

October WTI crude oil (CLV26 ) is down -0.14 (-0.16%) today, and October RBOB gasoline (RBV26 ) is up +0.0540 (+1.79%). Crude oil and gasoline prices are mixed today, with gasoline climbing to a 3.5-week high. Crude prices are under mild pressure today as they consolidate below Thursday’s 1-month high....

Barchart · Aug 21

Controversial California oil pipeline can continue to operate, judge rules

State sought to stop system off coast of Santa Barbara from resuming operations after Trump ordered its reopening

The Guardian - US · Aug 20

Crude Oil Prices Rally as President Trump Escalates Pressure on Iran

September WTI crude oil (CLU26) closed up +2.00 (+2.33%) on Thursday, and September RBOB gasoline (RBU26) closed up +0.0078 (+0.24%). Crude oil and gasoline prices settled higher on Thursday, with crude oil climbing to a 1-month high. Crude prices rose after President Trump threatened to crush Iran’s economy, dampening any...

Barchart · Aug 20

Crude Oil Prices Jump as Hopes Dim of Reopening the Strait of Hormuz

September WTI crude oil (CLU26) is up +2.03 (+2.37%) today, and September RBOB gasoline (RBU26) is up +0.0008 (+0.02%). Crude oil and gasoline prices are moving higher today, with crude oil climbing to a 1-month high. Crude prices are rising after President Trump threatened to crush Iran’s economy, dampening any...

Barchart · Aug 20

Trump Reaffirms 'Drill, Baby, Drill,' but Gavin Newsom Points to '$86 Billion' in Excess Gas Costs, ‘Big Oil’ Profits: ‘Can’t End the War…’

California Gov. Gavin Newsom slammed President Donald Trump as the ongoing tensions with Iran over the Strait of Hormuz continue to affect oil and fuel prices in the U.S.

Benzinga · Aug 20

Heightened Middle East Tensions Boost Crude Oil Prices

September WTI crude oil (CLU26) closed up +0.89 (+1.05%) on Wednesday, and September RBOB gasoline (RBU26) closed down -0.0466 (-1.41%). Crude oil and gasoline prices settled mixed on Wednesday, with crude oil posting a 4-week high. Wednesday’s sharp decline in the dollar index ($DXY ) to a 2.5-month low was...

Barchart · Aug 19

Crude Prices Supported by Dollar Weakness and Middle East Tensions

September WTI crude oil (CLU26) is up +1.42 (+1.67%) on Tuesday, and September RBOB gasoline (RBU26) is down -0.0122 (-0.37%). Crude oil and gasoline prices are mixed today, with crude oil posting a 3-week high. Today’s sharp decline in the dollar index ($DXY ) to a 2.5-month low is bullish...

Barchart · Aug 19