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The Latest Breaking News from Oil

Cotton Rally Extending to Tuesday AM Trade

Cotton price action is up another 40 to 64 points on Tuesday morning. Futures posted gains for 55 to 64 points in the nearbys on Monday to rally out of the holiday slowed weeks. Crude oil futures were back up $1.08 per barrel at $58.34. The US dollar index was...

Barchart

Trump taking ‘drill, baby, drill’ plan to Venezuela ‘terrible’ for climate, experts warn

‘Everybody loses’ if production supercharged in country with largest known oil reserves, critics say

The Guardian - US

Viral Memes Link Sean 'Diddy' Combs And Nicolás Maduro Over Seized Oil

Viral memes on social media are linking the legal cases of Sean 'Diddy' Combs and Nicolás Maduro by satirically combining seized baby oil and Venezuelan crude oil narratives amid political and judicial turmoil.

International Business Times UK

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As Trump pitches Venezuelan oil dream for US companies, experts warn it won't be cheap or easy

President Trump has set his sights on Venezuela's vast oil reserves, the largest in the world. If consolidated under Washington’s influence, about one third of global oil reserves could end up under US control. Yet, experts are skeptical about Trump's plans, saying it won't be cheap or easy.

Euronews

U.S. Still Plans To Seize Runaway Tanker Despite Its Renaming And Addition To Russian Database

U.S. forces are still planning to seize a runaway oil tanker to enforce its blockade off such vessels dealing with Venezuela, even despite it changed its name and was added to a Russian database.

Latin Times

Big Short's Michael Burry Says Venezuela Raid Marks a Paradigm Shift as US Oil Stocks Poised to Soar

Big Short's Michael Burry said that the US raid on Venezuela is a game-changer and a far bigger deal than the markets' dull reaction suggests.

International Business Times UK

Canadian Oil Stocks Sink by 7% as Venezuela Chaos Sparks Market Shock After US Ousts Maduro

TSX energy index falls 3.5% after US forces capture Maduro, as investors weigh the impact of Venezuelan crude on Canadian oilsands market share

International Business Times UK

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Trump Escalates Greenland Dispute, Prompting Denmark's NATO Warning Amid Venezuela Tensions

Trump reignites tensions over Greenland as Denmark's PM warns a US takeover could fracture NATO, amid continued turmoil in Venezuela after the Maduro raid.

International Business Times UK

'Landman' Roulette: Is Angela's Martingale Strategy the Ultimate Metaphor for Oil Industry Risk-Taking?

Explore the 'Martingale' strategy used in Landman Season 2 and why it perfectly mirrors the high-stakes gambling of the West Texas oil boom.

International Business Times UK

Trump suggests US taxpayers could reimburse oil firms for Venezuela investment

President says a ‘tremendous amount of money’ will need to be spent repairing country’s infrastructure

The Guardian - UK

Jack Ryan's Chilling Monologue Goes Viral: Why It Feels Prophetic Amid Maduro Capture Rumors

A 2019 'Jack Ryan' scene where John Krasinski warns of Venezuela's strategic threats has gone viral after US forces captured Nicolás Maduro on 3 January 2026, highlighting oil wealth and instability

International Business Times UK

The war for minerals, oil and AI

Venezuela and Greenland hold many of the critical minerals essential to AI and defense technology — and therefore future global dominance.

Axios

Why rebuilding Venezuelan oilfields won't be easy or cheap

Venezuela's crude output has dwindled after years of underinvestment, mismanagement, and sanctions.

Axios

Jon Stewart slams US President Donald Trump over oil-linked justification for deadly Venezuela attack

The Fashion Central

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Euronews

Hungary will not leave the EU, it will fall apart on its own, Orbán says

In his international press conference on Monday, the Hungarian PM also praised Trump's Venezuela operation, and said Hungary will not fund Ukraine or accept migrants.

Fortune

President Trump stands ready to send U.S. Big Oil into Venezuela en masse, but the reality is messy and rebuilding a ruined industry takes many years

Doubling Venezuela's weakened oil flows could cost $110 billion and take until 2030.

Axios

Trump suggests extended U.S. stay in Venezuela for oil operations

Trump is signaling a longer-term U.S. presence in Venezuela after Maduro's capture.

The Independent UK

Princess Diana, Cindy Crawford and black cod: Inside Nobu’s extraordinary rise

From cooking a nervous tempura for Princess Diana in 1997 to inventing black cod with miso and feeding the world’s biggest stars, Nobu Matsuhisa reflects on celebrity diners, personal tragedy and the moments that shaped his global restaurant empire. By Lauren Taylor

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The Independent UK

Asian shares and US futures advance and oil prices fall back

Asian shares and U.S. futures have advanced after stocks closed higher on Wall Street

The Independent UK

Venezuela live updates: US may intercept fleeing oil tanker off UK coastline days after Maduro capture

President Trump said the White House needs to ‘fix’ Venezuela after U.S. stealth operation to capture autocratic leader Nicolas Maduro

The Guardian - US

US ‘not at war’ in Venezuela, Johnson says after briefing with top officials

Speaker says Trump not looking to take control militarily as Democrats say briefing raises more questions than answers

International Business Times UK

Trump's 2023 Statement About Taking Over Venezuela, Getting Their Oil Resurfaces After Maduro's Capture

Donald Trump's 2023 comments regarding the seizure of Venezuelan oil have resurfaced following Nicolás Maduro's arrest, as netizens question if the capture was a theatrical production.

Fortune

Trump’s strike on Venezuela gives the U.S. 30% of the world’s oil reserves on paper and a $100 billion rebuilding job in reality

“I don't think any large U.S. major company is going to want to invest without a series of guarantees,” one historian of Venezuela said.

The Independent UK

Record $9.6 million fine for Third Coast after substantial oil spill in the Gulf of Mexico

Pipeline safety regulators have imposed their largest fine ever on the company responsible for leaking 1.1 million gallons of oil into the Gulf of Mexico off the Louisiana coast in 2023

Fortune

Trump tells NBC U.S. may reimburse firms for Venezuela oil efforts

Energy experts say reviving Venezuela’s oil industry could be a decade-long process, and could cost upwards of $100 billion.

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