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The Latest Breaking News from Oil

Why rebuilding Venezuelan oilfields won't be easy or cheap

Venezuela's crude output has dwindled after years of underinvestment, mismanagement, and sanctions.

Axios

Jon Stewart slams US President Donald Trump over oil-linked justification for deadly Venezuela attack

The Fashion Central

Hungary will not leave the EU, it will fall apart on its own, Orbán says

In his international press conference on Monday, the Hungarian PM also praised Trump's Venezuela operation, and said Hungary will not fund Ukraine or accept migrants.

Euronews

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President Trump stands ready to send U.S. Big Oil into Venezuela en masse, but the reality is messy and rebuilding a ruined industry takes many years

Doubling Venezuela's weakened oil flows could cost $110 billion and take until 2030.

Fortune

Trump suggests extended U.S. stay in Venezuela for oil operations

Trump is signaling a longer-term U.S. presence in Venezuela after Maduro's capture.

Axios

Princess Diana, Cindy Crawford and black cod: Inside Nobu’s extraordinary rise

From cooking a nervous tempura for Princess Diana in 1997 to inventing black cod with miso and feeding the world’s biggest stars, Nobu Matsuhisa reflects on celebrity diners, personal tragedy and the moments that shaped his global restaurant empire. By Lauren Taylor

The Independent UK

Asian shares and US futures advance and oil prices fall back

Asian shares and U.S. futures have advanced after stocks closed higher on Wall Street

The Independent UK

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Venezuela live updates: US may intercept fleeing oil tanker off UK coastline days after Maduro capture

President Trump said the White House needs to ‘fix’ Venezuela after U.S. stealth operation to capture autocratic leader Nicolas Maduro

The Independent UK

US ‘not at war’ in Venezuela, Johnson says after briefing with top officials

Speaker says Trump not looking to take control militarily as Democrats say briefing raises more questions than answers

The Guardian - US

Trump's 2023 Statement About Taking Over Venezuela, Getting Their Oil Resurfaces After Maduro's Capture

Donald Trump's 2023 comments regarding the seizure of Venezuelan oil have resurfaced following Nicolás Maduro's arrest, as netizens question if the capture was a theatrical production.

International Business Times UK

Trump’s strike on Venezuela gives the U.S. 30% of the world’s oil reserves on paper and a $100 billion rebuilding job in reality

“I don't think any large U.S. major company is going to want to invest without a series of guarantees,” one historian of Venezuela said.

Fortune

Record $9.6 million fine for Third Coast after substantial oil spill in the Gulf of Mexico

Pipeline safety regulators have imposed their largest fine ever on the company responsible for leaking 1.1 million gallons of oil into the Gulf of Mexico off the Louisiana coast in 2023

The Independent UK

Trump tells NBC U.S. may reimburse firms for Venezuela oil efforts

Energy experts say reviving Venezuela’s oil industry could be a decade-long process, and could cost upwards of $100 billion.

Fortune

Cotton Rally on Monday

Cotton futures posted gains for 55 to 64 points in the nearbys on Monday to rally out of the holiday slowed weeks. Crude oil futures were back up $1.08 per barrel at $58.34. The US dollar index was down $0.113 at $98.045. USDA’s Export Sales report was out this morning...

Barchart

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MarketBeat

The Caracas Catalyst: Big Oil’s $100 Billion Opportunity

American energy corporations are poised for a historic growth cycle as the United States government moves to restore the vast Venezuelan oil sector.

The Independent UK

Maduro’s capture throws Cuba’s oil-dependent future into turmoil

The incident has left Cuban residents questioning what Maduro’s capture could mean for their future

Fortune

Energy stocks rip as JP Morgan estimates the U.S. could hold 30% of all the world’s oil

U.S. control of the Venezuelan energy industry could “reshape the balance of power in international energy markets,” analysts with JP Morgan wrote Monday.

Clever Dude

Your Car’s Warning Lights Mean Something Different In Winter

You hop in your car on a frosty morning, turn the key, and suddenly your dashboard lights up like a Christmas tree. Panic sets in. Nobody wants to deal with unexpected car issues. As a mechanic, I can’t tell you the number of panicked people I spoke to on a…

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The Independent UK

Even after Venezuela, the West must speak softly to Donald Trump

THE INDEPENDENT VIEW: Editorial: Washington’s new imperialism has trashed the transatlantic alliance – but Keir Starmer and other leaders can yet persuade the US that they have much to contribute to its national security

International Business Times

Chevron, Oil Services Stocks Jump On Hopes Of US-Led Revival Of Venezuela Crude

Chevron is currently the only major US oil company still operating in Venezuela and exporting crude from the country. Shares of Exxon Mobil and ConocoPhillips rose about 3% each, buoyed by speculation that restrictions barring US firms from Venezuela's oil fields could be eased.

International Business Times UK

Energy Stocks Soar After Maduro Arrest but Oil Prices Remain Flat Amid Sanctions Reality Check

Major US energy firms saw share prices rally following Maduro's arrest, though oil markets remained subdued as traders grappled with sanctions complexities.

Marie Claire

At-Home Lymphatic Drainage Massage Is My Best Kept Secret for Feeling De-Puffed

This is one beauty resolution worth sticking to.

Kiplinger

'Donroe Doctrine' Pumps Dow 594 Points: Stock Market Today

The S&P 500 rallied but failed to turn the "Santa Claus Rally" indicator positive for 2026.

Barchart

Crude Rallies on Rising Geopolitical Risks

February WTI crude oil (CLG26 ) on Monday closed up +1.00 (+1.74%), and February RBOB gasoline (RBG26 ) closed up +0.0218 (+1.28%). Crude oil and gasoline prices recovered from early losses on Monday and settled sharply higher as rising global geopolitical risks in Russia, the Middle East, Nigeria, and Venezuela...

Fortune

‘Big Short’ investor Michael Burry says toppling of Venezuela’s Maduro will weaken Russia’s global standing as its oil ‘just became less important’

Russia’s oil exports are its “lifeline” and largely fund its war on Ukraine, says one economist.

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