Oil

Russia could face costly write-offs in Venezuela on its oil assets and arms loans, think tank analyst says

Tech Insider : Business, Economy
Russian President Vladimir Putin.
Russian President Vladimir Putin.

Mikhail Metzel/Pool/ AFP/Getty Images

Russian oil firm says it will keep its Venezuela assets after US military operation

Tech Insider : Business, Economy
A man sits in front of the national flags of Russia (L) and Venezuela (R) waving in Caracas.
Russia and Venezuela maintain a strategic partnership spanning energy, defense, and diplomacy.

Yuri Cortez/AFP/Getty Images

Trump warns Cuba to make a deal 'before it is too late'

Tech Insider : Economy, Politics, Business
President Donald Trump looks on during a meeting with US oil companies executives in the East Room of the White House in Washington, DC on January 9, 2026.
President Donald Trump has now set his sights on Cuba.

SAUL LOEB / AFP via Getty Images

Exxon CEO calls Venezuela 'uninvestable' during meeting with Trump

Tech Insider : Business
ExxonMobil CEO Darren Woods meeting with Trump.
ExxonMobil CEO Darren Woods meets President Donald Trump at the White House on Friday.

Alex Wong/Getty Images

Warren Buffett's Chevron bet stands to gain if the US delivers a Venezuelan oil boom

Tech Insider : Business, Economy
Chevron logo and Venezuelan flag illustration
Chevron, the only US oil major still operating in Venezuela, counts Berkshire Hathaway as a key shareholder.

Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images

A Venezuela oil revival could set up winners — and losers — in US energy

Tech Insider : Business, Economy
Oil pump jack with de color of the Venezuelan flag is seen and oil field in Cabimas, Venezuela.
Venezuela is home to the world's largest oil reserves, but its energy industry has been battered by decades of underinvestment, sanctions, and political instability.

Jose Bula Urrutia/UCG/Universal Images Group/Getty Images

Putin demands more taxes as Russia's growth slows to a crawl in the wartime economy

Tech Insider : Economy, Economy, Business
Russian President Vladimir Putin seat speaking.
A roughly 20% drop in oil prices in 2025 has squeezed Russian President Vladimir Putin's war chest.

Mikhail Metzel/Pool/ AFP/Getty Images

Trump says the US could pay American oil companies for work in Venezuela

Tech Insider : Politics, Business, Economy
Donald Trump
Trump said the US could reimburse American oil companies for expanding operations in Venezuela.

Doug Mills/The New York Times/Getty Images

'Big Short' investor Michael Burry says markets are missing a trick as the Venezuela raid just 'changed the game'

Tech Insider : Business, Economy
Photo collage featuring Michael Burry
Michael Burry, the investor of "The Big Short" fame.

Jim Spellman/Getty Images; Tyler Le/BI

Here are the countries with the most oil reserves, and where Venezuela ranks

Tech Insider : Politics, Economy, Economy
A general view of the
A view of the "El Palito" oil refinery in Puerto Cabello, Venezuela.

Jesus Vargas/Getty Images

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