Trump meets with oil execs
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US seizes another oil tanker in Caribbean
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Hundreds of miles above the Arctic Circle, an American oil company is attempting to extract billions of barrels of oil on Greenland, just as Trump is escalating tensions with the territory.
What are the most attractive oil stocks right now for investors in the wake of the U.S. takeover of Venezuela? Seeking Alpha analysts Deep Value Investing, Fluidsdoc, and Daniel Jones gave us their picks.
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Companies scramble to secure ships, assemble operations to transfer Venezuelan oil, sources say
Oil companies aiming to participate in new exports of Venezuelan crude to the U.S. following the ouster of President Nicolas Maduro are in hasty discussions to find tankers and put together operations to transfer the crude safely from vessels and dilapidated Venezuelan ports,
Discover the top Russian oil companies by oil production volume and their domestic and international business operations.
In a social media post on Tuesday, Trump said Venezuela would hand over 30 to 50 million barrels of oil to the U.S., which in turn would sell them at their market price. The resulting funds -- as much as $2.8 billion at current prices -- will “benefit the people of Venezuela and the United States,” Trump said.
Oil prices extended gains on Monday on growing concerns that intensifying protests in Iran could disrupt supply from the OPEC producer although efforts to quickly resume oil exports from Venezuela are limiting price gains.
Crude oil stockpiles, reserves of unrefined petroleum, help stabilize oil supply and demand. Explore their impact, how they're measured, and why they matter.
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