Major oil companies are uninterested in making significant investments in Venezuela, Treasury Secretary Scott Bessent said Thursday, casting doubt on President Donald Trump’s aspirations that they’ll join the U.S. government’s effort to revive Venezuela’s oil industry.

President Trump wants more U.S. oil companies to "go in" to Venezuela. But there are economic, historical, and climate reasons that may not be easy. Here's what you need to know about oil in Venezuela.

New Jersey motorists are seeing the lowest gas prices in years, even against the backdrop of turbulence in Venezuela.

The agreement is a strong sign that the Venezuelan government is responding to Trump's demand hat they open up to U.S. oil companies or risk more military intervention. December 11, 2025 China oil demand to plateau between 2025 and 2030, state researcher ...

Marathon Petroleum benefits from geopolitical uncertainty and high oil prices but faces political risks and declining margins due to current oil price weakness. Despite strong financials and significant share buybacks, Marathon Petroleum's stock price is ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. This article is more than 2 years old. CRANE, TEXAS - MARCH 12: In an aerial view, an oil pumpjack works in the Permian ...

Occidental Petroleum has continued to redeem Berkshire's preferred stock investment. The redemptions will save the oil company money over the long term. It can use that cash to create value for its common shareholders. Occidental Petroleum continues to ...