WASHINGTON — Oil giant Chevron is expected to soon announce it will expand operations in Venezuela, a U.S. official said Tuesday. The official, who briefed reporters on the expected announcement, said that the company’s officials and Energy Secretary Chris Wright are expected to visit Venezuela on Wednesday where the new investment will be formally unveiled.
As of 8 a.m. Eastern Time today, oil is trading at $94.11 per barrel, based on the Brent benchmark we’ll explain in a bit. That’s $1.08 above yesterday morning’s level and about $25.40 higher than where it stood a year ago. Oil price per barrel % Change Price of oil yesterday $93.03 +1.16% Price of
BANGKOK — Shares were mostly lower in Asia and U.S. futures also declined Monday on expectations that the U.S. Federal Reserve may raise interest rates soon. Oil prices surged about 3% after U.S. forces struck Iranian rocket launchers on the Strait of Hormuz, marking their first military action in a month. The Trump administration just
Iranian President Masoud Pezeshkian acknowledged his country’s economic woes amid pressure from the U.S., which is strangling its trade while protecting other countries’ ships carrying oil through the Strait of Hormuz. Recent weeks have seen Tehran lose leverage over the critical energy chokepoint as traffic picks up, especially via a southern route along Oman’s coast.
Staff writers Updated August 31, 2026 — 10:39am,first published August 31, 2026 — 5:22am Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA The Australian sharemarket has dipped lower at the open after a rise in oil prices on Monday morning, while Wall Street
President Donald Trump on Friday said the U.S. has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country’s oil reserves. Trump in a social media post announced the agreement he said was negotiated by Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Venezuela’s interim President