13 h. ago US plan to exploit Venezuela’s oil could eat up 13% of carbon budget to keep 1.5C limit

Exclusive: ClimatePartner analysis shows how move would risk plunging Earth further into climate catastropheUS plans to exploit Venezuela’s oil reserves could by 2050 consume more than a tenth of the world’s remaining carbon budget to limit global heating to 1.5C, according to an exclusive analysis.The calculation highlights how any moves to further exploit the South American nation’s oil reserves – the largest in the world, at least on paper – would put increasing pressure on climate goals, and risk plunging the Earth further into climate catastrophe. Continue reading...

Politics

18 h. ago British troops could follow Trump's lead and board Russian 'shadow fleet' ships carrying sanctioned oil under plans being considered by government

On Wednesday, US forces seized two tankers linked to Venezuelan oil exports in 'back-to-back' operations in the North Atlantic and the Caribbean.

Politics

27 h. ago Trump threatens to block ExxonMobil from Venezuela after CEO calls country ‘uninvestable’

US president says company is ‘playing too cute’ after CEO responds sceptically to his push for oil investment after deposing Nicolás MaduroDonald Trump has said he might block ExxonMobil from investing in Venezuela after the oil company’s chief executive called the country “uninvestable” during a White House meeting last week.Darren Woods told the US president that Venezuela would need to change its laws before it could be an attractive investment opportunity, during the high-profile meeting on Friday with at least 17 other oil executives. Continue reading...

Politics

30 h. ago Trump 'inclined' to keep ExxonMobil out of Venezuela after CEO response at White House meeting

President Donald Trump says he is “inclined” to keep ExxonMobil out of Venezuela after its top executive was skeptical about oil investment efforts in the country after the toppling of former President Nicolás Maduro

Politics

37 h. ago Trump says Cuba will receive no more Venezuelan oil as he pushes for deal

Communist government in Havana strikes defiant pose after US president vows to cut off energy lifeline

Politics

39 h. ago Trump sets his sights on Cuba as he threatens communist regime to make a deal 'before it is too late'

President Trump sent a clear message to Cuba Sunday morning over the country receiving oil and money following the capture of Venezuela's leader.

Politics

43 h. ago Putin's week of 'humiliation' at the hands of Trump: Experts explain how Russian dictator has been 'put in a corner' by Atlantic ship raid and Maduro capture as US flexes its muscles around the world

Donald Trump has put Vladimir Putin 'in a corner' by taking Venezuela's leader prisoner and storming a Russian oil tanker this week, experts have said. 

Politics

49 h. ago Indian oil refiners see opportunity in Trump’s Venezuela action

Groups including Reliance stand to benefit as they seek low-cost alternative to sanctioned Russian supply

Politics

59 h. ago Trump signs order to protect Venezuelan oil revenue in US accounts

The directive states these funds should be used in Venezuela to help create “peace, prosperity and stability”

Politics

62 h. ago Why Russia’s economy is unlikely to collapse even if oil prices fall

Hopes that tougher sanctions and lower oil prices could derail Putin’s war effort underestimate how far the Kremlin has rewired its economyPacing inside the Kremlin last weekend, as news feeds churned out minute-by-minute reports of Donald’s Trump’s Venezuelan coup, Vladimir Putin may have been wondering what it would mean for the price of oil.Crude oil has lubricated the Russian economy for decades – far more than gas exports to Europe – and so the threat of falling oil prices, prompted by US plans for control of Venezuela’s rigs, will have been a source of concern. Continue reading...

Economics

62 h. ago Why Russia’s economy is unlikely to collapse even if oil prices fall | Phillip Inman

Hopes that tougher sanctions and lower oil prices could derail Putin’s war effort underestimate how far the Kremlin has rewired its economyPacing inside the Kremlin last weekend, as news feeds churned out minute-by-minute reports of Donald’s Trump’s Venezuelan coup, Vladimir Putin may have been wondering what it would mean for the price of oil.Crude oil has lubricated the Russian economy for decades – far more than gas exports to Europe – and so the threat of falling oil prices, prompted by US plans for control of Venezuela’s rigs, will have been a source of concern. Continue reading...

Economics

66 h. ago Donald Trump wears 'Happy Trump' lapel pin while meeting oil executives about who will control Venezuela's energy industry

President Donald Trump showed off a jaunty new pin at talks on the future of Venezuela's oil.

Politics

3 d. ago Trump news at a glance: president pitches oil companies on major extractions in Venezuela

‘We’re going to be extracting numbers in terms of oil like few people have seen,’ Trump said – key US politics stories from 9 January 2025Donald Trump had a message for fossil-fuel companies on Friday: Venezuela is now “open for business” as the US president vowed the country’s resources would be extracted for the benefit of the US, oil companies – and “some” money for Venezuelans.At a roundtable press conference at the White House with more than a dozen oil executives, including leaders from Chevron, ExxonMobil and ConocoPhillips, the US president doubled down on claims that Nicolás Maduro’s arrest presents American oil companies with an unprecedented opportunity for extraction. Continue reading...

Politics

3 d. ago Militia men hunting traitors and families risking kidnap if they leave the house... if Trump thought abducting Maduro would make him a hero in oil

Citizens leave their homes only if they have no choice. Each time they do, they risk kidnap, torture and death in the regime's El Helicoide, the brutalist prison that looms menacingly over the city.

Events

3 d. ago US oil giant ExxonMobil tells Trump Venezuela is ‘uninvestable’

Chief executive Darren Woods pushes back against president’s call to rush back into troubled country

Politics

3 d. ago Donald Trump says the US has already taken 30 million barrels of oil out of Venezuela and tells firms they are to deal with America as he meets with executives at the White House

The oil - worth around $4bn - was taken yesterday, with most of the proceeds set to go to the United States, though some would be allocated to Venezuela, the president said.

Economics

3 d. ago Trump threatens Greenland and Iran at meeting with oil bosses on US taking control of Venezuela resources – live

‘We are going to do something on Greenland whether they like it or not,’ president told press during panelPope Leo XIV has denounced how nations are using force to assert their dominion worldwide, saying they are “completely undermining” peace and the post-Second World War international legal order, AP reported.In his most substantial critique of US, Russian and other military incursions in sovereign countries, Leo told ambassadors who represent their countries’ interests at the Holy See that “war is back in vogue and a zeal for war is spreading”. Continue reading...

Politics

3 d. ago Trump promises oil companies ‘total safety’ in Venezuela as he urges them to invest billions

Country is ‘uninvestable’ today, president told, but CEOs signal they are ready to spend with supportDonald Trump promised oil giants “total safety, total security” in Venezuela in an effort to persuade them to invest $100bn in the country’s infrastructure after US forces toppled Nicolás Maduro from power.At a roundtable press conference at the White House on Friday afternoon with more than a dozen oil executives, including leaders from Chevron, ExxonMobil and ConocoPhilips, the US president doubled down on claims that Maduro’s arrest presents American oil companies with an unprecedented opportunity for extraction. Continue reading...

Politics

3 d. ago Donald Trump gives real reason he wants to own Greenland as he ramps up threats

Speaking at an event with oil companies hoping to be involved in Trump's raid of Venezuelan resources, the US President said: "We are going to do something on Greenland whether they like it or not."

Politics

3 d. ago Drivers kick off 2026 with lowest gas prices in nearly five years

“Crude oil prices remain relatively unchanged from the end of 2025 and unaffected amid questions about Venezuela’s impact on the oil market,” AAA said

Politics