US president attacks oil major’s chief executive over his scepticism about investing in South American country
Groups including Reliance stand to benefit as they seek low-cost alternative to sanctioned Russian supply
Chief executive Darren Woods pushes back against president’s call to rush back into troubled country
US president seeks to win commitments from oil executives to invest up to $100bn
Companies wary of administration’s strategy and want security and legal guarantees
Mike Wirth has built a massive advantage for the only US oil company on the ground in the Caribbean nation
US banks are positioning themselves for long-term opportunities in energy and infrastructure
President’s effort to drive down crude prices will hit sector struggling to sustain output growth
Maduro’s capture leaves Putin’s costly plans to build an anti-US bulwark in Latin America in tatters
Interim leader Delcy Rodríguez is in close contact with US secretary of state Marco Rubio
Entrepreneurs seek to steal a march on bigger rivals that are still weighing risks of re-entering the country
South American country’s crude is a thick, black sludge that is more expensive to produce than lighter oil
Chinese producers fear similar US intervention in Iran would disrupt access to discounted crude supplies
Donald Trump to hold more talks with industry bosses as president flexes power over energy markets
Trump says country will use money accrued to purchase only American goods as Washington prepares to lift some sanctions
President says money earned from sale of up to 50mn barrels of sanctioned crude ‘will be controlled by me’
The country’s impact on global crude markets will remain limited in the short to medium term
Trump administration signals support for proposal to divvy up sanctioned Russian company’s international businesses
US capture of Nicolás Maduro lifts hopes that country will make good on some debt
Trump’s promises to ‘drill, baby, drill’ have not eased problems over energy affordability
Optimistic shareholders need to apply some sort of probability to this oil sector revenue actually materialising
Facilities across Gulf Coast already well positioned to process imports from South American country
Also in today’s newsletter, predictions for the energy industry in 2026
US president threatens Mexico and says Cuban regime will fall after capture of Venezuela’s Nicolás Maduro
European groups continued to supply the Latin American country after the US increased economic pressure on Caracas
