The Latest Breaking News from Oil

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MyLifeXP · Jan 5

Foreign Secretary expected to address MPs on US operation in Venezuela

Yvette Cooper is expected to update the Commons on the US removal of Nicolas Maduro as president of Venezuela.

Evening Standard · Jan 5

US oil company shares and Venezuelan bonds rally after Maduro seized, sending Dow to record high – as it happened

Rolling coverage of the latest economic and financial news, with gold and defence company shares also higher today

The Guardian - UK · Jan 5

Before toppling Maduro, the US spent decades pressuring Venezuelan leaders over its oil wealth

After US special forces swooped into Caracas to seize Venezuelan President Nicolás Maduro and topple his government, US President Donald Trump said the United States will now “run” Venezuela, including its abundant oil resources.

The Conversation · Jan 5

Markets show mixed reaction after US capture of Venezuelan leader

The price of oil edged higher and precious metals have jumped after U.S. forces captured Venezuelan President Nicolás Maduro in a weekend raid

The Independent UK · Jan 5

Aussie shares flat as oil swings on US-Venezuela coup

The raw materials sector has outweighed broader weakness to ballast the bourse, despite oil stocks slipping after the US captured Venezuela's president.

AAP · Jan 5

Crude oil prices rise after Maduro ouster as Wall Street braces for a big week that will put the U.S. economy back on Trump’s radar

"The physical global oil market situation remains the same. Oil prices have declined due to an oversupplied global oil market."

Fortune · Jan 5

Trump Promised Oil Chiefs $1 Billion Deal for Their Wish List, Now Venezuela's Resources at Stake, Critics Say

US Congressman Dan Goldman claims Trump's Venezuela operation is a 'massive gift' to oil executives who donated $500 million after the president promised them favourable policies.

International Business Times UK · Jan 4

OPEC+ sticks with plan to keep oil flow steady amid turmoil

Key members led by Saudi Arabia and Russia agreed on Sunday to keep production levels steady through the end of March.

Fortune · Jan 4

Trump once called the Iraq war a ‘big, fat mistake.’ Now he needs to calm the GOP after saying he’s not afraid to put boots on the ground in Venezuela

Rep. Brian Fitzpatrick, a moderate Republican, said “the only country that the United States of America should be ‘running’ is the United States of America.”

Fortune · Jan 4