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Oil executives and industry leaders have stressed companies need political and legal reforms, contract certainty and security guarantees before investing in Venezuela.

Venture Global won a dispute with Spain’s Repsol involving the sale of liquefied natural gas shipments from its export plant in Louisiana. 

Volkswagen ended up with more cash in its automotive division than forecast in 2025 as the German carmaker delays projects and investments as part of an overhaul of its EV strategy.

The increase in rationing threatens to widen the discount for Canadian oil at a time when crude prices are already falling amid a glut of supplies.

U.S. military forces seized a seventh tanker near Venezuela on Jan. 20 as the Trump administration continues to pressure the South American country to halt its use of sanctioned ships.

The U.S. government plans to allow more trading companies beyond Vitol Group and Trafigura Group to purchase Venezuelan crude, a Trump administration official said.

Venezuela’s acting President Delcy Rodríguez used her first state of the union message Jan. 15 to advocate for opening the crucial state-run oil industry to more foreign investment.

The states of Michigan, New Jersey, Minnesota and Florida adopted fuel-tax increases for 2026, while just one state — Utah — reduced its motor fuel tax rates.

The supertanker Marbella, whose location was a mystery for more than a year, turned on its transponder this past weekend to reveal it was sitting off the coast of Venezuela.

The Veronica is the fourth tanker seized since the U.S. ouster of Venezuela President Nicolás Maduro in a surprise nighttime raid almost two weeks ago.