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The Latest Breaking News from Oil

UK's Shell Eyes Billions in Venezuela Gas Fields After Trump's Maduro Ouster

Shell could earn billions from Venezuelan gas after Trump's removal of Maduro lifts sanctions, offering economic gains but raising environmental and market concerns.

International Business Times UK

Marco Rubio sees his 2028 odds soar on Polymarket after Venezuela attacks

Secretary of state’s role in ousting of Nicolas Maduro raises prospects of White House run as President Donald Trump’s successor – but JD Vance still in pole position

The Independent UK

Crude Rallies as OPEC+ Keeps Output Levels Unchanged in Q1

February WTI crude oil (CLG26 ) today is up +0.88 (+1.54%), and February RBOB gasoline (RBG26 ) is up +0.0192 (+1.13%). Crude oil and gasoline prices recovered from early losses today and are sharply higher after OPEC+ on Sunday stuck with its plans to pause an increase in the group's...

Barchart

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Dense, sticky and heavy: why Venezuelan crude oil appeals to US refineries

South American nation’s tar-like oil is what many Gulf coast facilities were built for but ramping up production to 3m barrels a day will be a long game

The Guardian - UK

Machado once backed Trump’s Venezuela plan. Now the jilted Nobel laureate is frozen out

María Corina Machado called for law‑enforcement pressure and a Venezuelan‑led transition; Trump’s raid, custody of Maduro, and embrace of a regime insider have rewritten her script.

Fortune

Trump’s attack leaves China worried about its interests in Venezuela

Maduro had just affirmed ‘strong bonds of brotherhood’ with Beijing when US made its shocking intervention

The Guardian - UK

EU bets on Venezuela's democratic transition as Trump goes after oil reserves

Public statements from Washington, Brussels and European capitals since the US's raid on Caracas have revealed a chasm between the two sides of the Atlantic.

Euronews

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Oil stocks sharply higher after US action in Venezuela

Shares of major U.S. companies in the energy sector are sharply higher after President Donald Trump announced plans to take control of Venezuela’s oil industry and said American companies would revitalize it after capturing President Nicolás Maduro

The Independent UK

US aircraft monitor tanker off Ireland that tried to evade Venezuela blockade

Ship changed its name and registered in Russia in apparent attempt to prevent possible US seizure near British Isles

The Guardian - UK

Elon Musk Backs Trump Who Vows to 'Run' Venezuela And Seize Oil Infrastructure

Elon Musk signals support for Donald Trump's shock Venezuela invasion and capture of Nicolas Maduro by updating his X profile picture to the US flag.

International Business Times UK

A ‘fossil-fuelled war': Trump’s plans to ‘exploit’ Venezuela’s oil reserves sparks climate backlash

Trump says he will bring in large US companies to fix Venezuela’s oil infrastructure, despite growing calls to end fossil fuels.

Euronews

Chevron stock is spiking after the U.S. raid on Venezuela

The price of U.S. crude oil gained 1% after U.S. forces captured Venezuelan President Nicolás Maduro in a weekend raid.

Fortune

Venezuela’s new interim president is the daughter of a socialist who was arrested in connection with the 1976 kidnapping of an American businessman

Delcy Rodríguez also developed strong ties with Republicans in the oil industry and on Wall Street who balked at the notion of U.S.-led regime change.

Fortune

'Piggy' Trump Blasted For 'Garbled' Tone at Mar-a-Lago, Mocked After 'Dozing Off' During Press Con

Donald Trump faces renewed health concerns after slurring his words during a Mar-a-Lago press conference on the Venezuela crisis. Critics label his tone 'garbled'.

International Business Times UK

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The Guardian - UK

Prax Lindsey oil refinery bought out of administration by US rival

Insolvency Service says 250 staff remaining at Lincolnshire site will be guaranteed jobs until the end of March

International Business Times UK

Trump Bypasses Congress to Give Oil Firms Insider Access to Venezuela Resources

Trump declares US can access Venezuela's oil without congressional approval after military operation capturing President Nicolás Maduro.

Euronews

Oil rallies after Venezuela shock while safe haven assets also rise

Washington’s action in Venezuela jolted markets, with oil showing volatile price movements as investors considered long-term supply consequences. Gold and defence stocks also inched up.

Barchart

Cotton Starting Monday with a Rally Back

Cotton price action is up 35 to 46 points so far on Monday morning. Futures closed the Friday session with weakness, as contracts were down 11 to 26 points, with March slipping 48 points over the short week. Crude oil futures were down 9 cents per barrel at $57.41. The...

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Barchart

Soybeans Rallying Early on Monday

Soybeans are trading with 5 to 10 cent gains so far on Monday. Futures came back from earlier sharp weakness on Friday to close the initial 2026 session with contracts down a penny to 3 cents. Open interest was up just 1,105 contracts on Friday. March was down 26 ¾...

International Business Times

US-India Trade Tensions: Trump Threatens New Delhi With Tariff Hikes Over Russian Oil Imports

Trump warns India of new tariffs over Russian oil imports, escalating US-India trade tensions.

Evening Standard

Revealed: How overthrown Venezuelan president Maduro helped strike deal that gave Londoners cheap bus fares

20 years on, Ken Livingstone’s cheap oil deal with Venezuela remains one of the most extraordinary - and controversial - initiatives by a London mayor

International Business Times

OPEC+ Holds Production Levels as Internal Crises Rattle Oil Markets

OPEC+ keeps oil production steady amid political crises and market uncertainty, prioritizing stability over immediate action.

Latin Times

Several Tankers Loaded With Venezuelan Crude Reportedly Left The Country Despite U.S. Blockade

Several tankers loaded with Venezuelan oil have left the country's waters with their transponders off despite the U.S. blockade, according to a new report.

International Business Times UK

Donald Trump Admits Oil Companies Knew About Venezuela Operation Before Congress

President Trump coordinated with US oil companies before and after the Venezuela operation, allowing them to plan reconstruction and manage the country's oil sector while Congress were uninformed.

Euronews

Tehran's method of governance has reached a dead end, former top adviser tells Euronews

Saeed Laylaz, an economist and adviser to former Iranian President Mohammad Khatami, spoke to Euronews about Iran, from the country's economic situation to the downfall of Nicolás Maduro, one of Tehran's most important allies, and how domestic and external circumstances affect Iran.

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