President Trump Meets Oil Executives as US Eyes Venezuelan Oil Expansion
The administration is seeking more Venezuelan crude and domestic refining capacity as gasoline stays above $4 a gallon, officials said.
- On Tuesday, President Donald Trump met with oil-refining and fuel-distribution executives at the White House as the national average price of gasoline remained above $4 per gallon.
- A deal detailed Monday by the White House grants North American Blue Energy Partners 100-year concessions to 17 Venezuelan oil fields, with the Pentagon and State Department securing equity stakes and purchase rights.
- ExxonMobil CEO Darren Woods called the country "uninvestable" during the meeting, while refiners already operate at over 97% capacity, reflecting industry skepticism about Venezuelan investments.
- Energy Secretary Chris Wright and Chevron executives are expected to travel to Venezuela Wednesday to formally unveil the investment, though the arrangement faces scrutiny regarding legality and durability.
- The administration plans to use the oil to refill the Strategic Petroleum Reserve, which sits at a 40-year low, though experts warn it could take years to make necessary investments to lower prices.
38 Articles
38 Articles
Washington Times
The New York LedgerTrump seeks to boost U.S. refining capacity as White House lays out details of Venezuela oil deal
President Trump met with U.S. oil refinery and gas distribution executives at the White House on Tuesday to explore avenues his administration can use to broaden domestic refining capacity and lower gas prices in this midterm election season.
President Trump meets oil executives as US eyes Venezuelan oil expansion
President Trump met with oil industry leaders at the White House as the administration announced Chevron's plans to expand operations in Venezuela, aiming to boost oil production amid rising gas prices.
Washington, Sep 1 (EFE).- U.S. President Donald Trump held a private meeting in the White House on Tuesday with several oil sector executives, days after announcing an agreement that would give the U.S. control over one fifth of Venezuela’s crude oil reserves. The White House confirmed [...] Trump’s entry meets privately with oil executives after the deal with Venezuela was first published in HolaNews.
www,finanzasdigital.com U.S. President Donald Trump held a private meeting at the White House on Tuesday with oil sector executives, days after the... The post Trump moves oil chips after agreement on Venezuelan fields appeared first on Digital Finance.
U.S. President Donald Trump held a private meeting in the White House on Tuesday with several oil sector executives, days after announcing an agreement that would give the U.S. control over one fifth of Venezuela’s crude oil reserves. The White House confirmed the meeting, which took [...] Trump’s entry holds a private meeting with oil executives after the agreement with Venezuela was first published in Focus Information.
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