Section

Oil & Gas

Fossil fuels markets and policy

Washington Examiner

Energy Secretary Chris Wright discusses Venezuelan crude's role in refilling the Strategic Petroleum Reserve

Energy Secretary Chris Wright has proposed a plan to refill the Strategic Petroleum Reserve (SPR) by exchanging Venezuelan heavy crude for U.S.-produced light or medium crude. This plan involves U.S. refineries processing the Venezuelan crude and trading it for suitable oil to store in the SPR, which has recently reached its lowest levels since 1982.

Bias: 30 Sentiment: +0.00
Al Jazeera English

Chevron to Expand Operations in Venezuela, Doubling Oil Production

Chevron plans to invest over $7 billion to double its oil production in Venezuela to about 600,000 barrels per day over the next five years. The expansion involves additional acreage in the Orinoco Belt and is part of a broader effort to enhance operations in the country, which has the world's largest oil reserves but has seen a decline in output. Other companies are also expected to sign agreements in Venezuela as part of recent energy reforms.

Bias: 4 Sentiment: +0.10
Al Jazeera English

Vance comments on Trump's AI-generated video warning to Iran

Vice President JD Vance stated that an AI-generated video posted by President Trump serves as a warning to Iran regarding its threats to commercial shipping. The video depicts missiles targeting Kharg Island, which processes a significant portion of Iran's oil exports. Tensions have increased with recent military actions between the U.S. and Iran.

Bias: 30 Sentiment: -0.10
Axios

U.S. Military Gains Control Over Strait of Hormuz Amid Ongoing Conflict

U.S. military efforts have reportedly diminished Iran's control over the Strait of Hormuz, a key energy passage, since the conflict began in February. President Trump stated that the strait is now open, and U.S. officials believe this shift could lead to improved economic conditions and negotiations with Iran. However, skepticism remains regarding the actual shipping figures and safety in the area.

Bias: 45 Sentiment: +0.00
Al Jazeera English

US Administration Negotiates Long-Term Access to Venezuelan Oil Fields

The US administration is in negotiations to secure long-term access to Venezuelan oil reserves, which could involve American companies developing oilfields in the country. The deal may face legal challenges and constitutional questions, as Venezuela's regulations currently restrict foreign involvement in its oil industry. The negotiations come as the US seeks to stabilize its oil supply ahead of the midterm elections.

Bias: 4 Sentiment: +0.00
cnbc.com

U.S. Strategic Petroleum Reserve Falls Below 300 Million Barrels

The U.S. Strategic Petroleum Reserve has fallen below 300 million barrels, reaching its lowest level since 1983, according to the Department of Energy. The decline is attributed to global oil supply pressures and recent drawdowns ordered by U.S. presidents in response to international conflicts. Concerns have been raised regarding the aging infrastructure of the reserve and its operational capabilities.

Bias: 4 Sentiment: +0.00
Washington Examiner

UK Prime Minister Indicates Possible Approval for North Sea Oil Drilling

UK Prime Minister Andy Burnham has expressed openness to approving new oil drilling in the North Sea, influenced by U.S. President Donald Trump's requests. This comes as the UK continues to navigate its ban on new drilling licenses established in 2024. Additionally, the Senate is preparing to address legislation regarding E15 gasoline sales, and oil prices have seen a decline amid ongoing geopolitical tensions.

Bias: 4 Sentiment: +0.00
The Hill

Trump Meets with Iraq's New Prime Minister to Discuss Oil Access

President Trump met with Iraq's new Prime Minister Ali al-Zaidi on July 14, 2026, to discuss American companies' access to Iraq's oil reserves. Trump had previously supported al-Zaidi's election after the 2025 parliamentary elections.

Bias: 4 Sentiment: +0.10