Wall Street Journal, September 15,
These are the top stories in the Wall Street Journal. ? This information has not been verified and we cannot vouch for their accuracy. President Donald Trump has said that there are already guardrails to regulate AI companies and to prosecute them.
Official: US structure Venezuela oil position in order to protect it against dilution
A U.S. official said that the U.S. government has structured its 35% stake in an oil venture in Venezuela as warrants to protect Washington's position from being weakened by fresh capital raises. The official stated that the Pentagon…
ROI-Trump plan risks derailing Venezuela oil recovery: Bousso
The plan of President Donald Trump to gain direct U.S. entry to a large portion of Venezuela's oil reserves may end up derailing the long-awaited revival in the South American country's energy industry by stifling the competition, distorting the markets and discouraging foreign investment.
Sources say that Trump's oil agreement with Venezuela raises concerns for some major producers.
Sources familiar with the matter said that the unprecedented deal between the U.S. and Venezuela to gain access to a quarter of Venezuela's reserves and the role played by a Venezuelan businessman has caused some oil companies to hesitate…
Sources say that Trump's oil agreement with Venezuela raises concerns for some major producers.
Sources familiar with the situation said that the unprecedented deal between the U.S. and Venezuela to access a fifth of the country's oil reserves, and the role played by a Venezuelan businessman in this deal, has caused some oil companies…
Officials: US company to take over Venezuela oilfields that were previously operated by Chinese and Russian firms
Two U.S. officials said that the U.S. company North American Blue Energy Partners will be taking over oilfields controlled by several Chinese firms and a Russian firm. They said that the takeover would be part of an?oil?production agreement…
Officials say that US oil company will take over Venezuelan oilfields that were previously operated by Chinese and Russian firms
Two U.S. officials have confirmed that North American Blue Energy Partners, a U.S.-based oil company, will take over some oilfields controlled by five 'Chinese' companies and one Russian firm. On Monday, two U.S. officials?told?that…
The financial week in five charts - Yenterventions, refinery windfalls, and SpaceX's splurge
Open Interest (ROI), every Friday, distills the previous five days' financial data into five charts that highlight the major trends, surprises, and overlooked movements. JAMIE MCGEEVER is a columnist for ROI Markets. The U.S. Treasury has not made its first FX intervention…
ADM raises its profit forecast for 2026 on the back of strong margins and favorable biofuels outlook
U.S. agribusiness Archer-Daniels-Midland raised its 2026 profit outlook on Tuesday as it beat Wall Street estimates for second-quarter earnings on strong crop processing margins and favorable U.S. biofuels policies. The Iran war-induced…
Oil companies sign agreements in Venezuela but delays persist
Four?sources? involved in the preparations say that Venezuelan officials and oil executives are moving ahead with the migration of dozens joint ventures into a new framework approved as part of a government reform. However, there is…
Venezuela's rusted and ugly refineries will be difficult to restore
The Paraguana refinery in?Western Venezuela was once a symbol of the oil wealth of Venezuela and its ambition to convert vast reserves of crude oil into fuels and export revenues. Today, the 955,000-barrel-per-day complex in Falcon state runs at a ?fraction of capacity…
Baker Hughes reports that US energy companies have cut back on drilling for the first time in six-weeks.
Baker Hughes, a closely-followed energy'services' firm, said in a report on Friday that U.S. firms have cut back the number of operating rigs for the first six weeks. Total oil and gas rig counts, an indicator of future production, dropped by one in the week ending July 24.
Teck Resources beats profit estimates on strong copper production, prices
Teck Resources, a copper producer and producer of higher-quality products, beat Wall Street's expectations for the second quarter profit on Thursday. In afternoon trading, shares of the company rose by 4%. The benchmark three-month price of copper rose 41.5% from the previous quarter…
US tariffs against Brazil are bitter pills for sugar and ethanol producers
Brazil's sugar and ethanol producers expressed their dismay on Thursday at the new 25% tariffs that the U.S. government imposed on Brazilian goods, citing a decline in the level of cooperation between the two countries. According to…
Argent LNG, Naftogaz to Explore US LNG Supply
Argent LNG and Ukraine's state energy company Naftogaz Group have signed a memorandum of understanding to explore long-term U.S. liquefied natural gas supply, transport and distribution cooperation, the companies said on Wednesday.The…
Axios: Iran fires missiles against commercial ships in Strait of Hormuz
Axios, citing two U.S. government officials, reported that Iran's Revolutionary Guards fired at least 2 missiles on commercial ships passing through the Strait of Hormuz Monday night. The report cited a U.S. government official as saying…
US oil prices fall briefly below $70 as stocks at storage hubs dwindle
The resurgence of tanker traffic through the Strait of Hormuz has pushed U.S. The price of crude oil briefly fell below $70 a barrel on Wednesday, despite the fact that inventories at Cushing's crude storage facility in?Oklahoma had dropped to their lowest level in 12?years. The U.S.
Eneva CEO says that Brazil is looking at options in Venezuela for possible deals
Eneva, which is a Brazilian company that operates in the gas, oil, and power sectors, is looking at?deals? in Venezuela after regulatory changes were implemented, said its CEO on Wednesday. Lino Cancado, CEO of the company, told journalists…
US adds Chinese battery, solar firms to military-linked list
The U.S. added some of the largest solar and battery manufacturers in the world to a list that it believes is aiding China's militaries. Washington has added Trinasolar, JA Solar Technology, and a number of other top technology companies to the long-awaited list of names?on monday.
The US allows MOL, the Hungarian oil company, more time to negotiate with NIS, the Serbian oil company.
The?U.S. has?granted more time to Hungary's largest oil-and-gas company, MOL MOLB.BU. MOL announced late Saturday that the government will 'negotiate' the?purchase of a majority share in Serbian NIS NIIS.BEL. This oil company is controlled by Russia.