All articles tagged with #oil infrastructure
U.S. President Trump indicated that the U.S. might subsidize oil companies to rebuild Venezuela's oil infrastructure following the capture of Maduro, leading to a mixed reaction in oil stocks and potential recovery in Venezuelan oil production, with implications for global oil markets and U.S. refiners.
President Trump indicated that the U.S. may support rebuilding Venezuela's oil infrastructure over a period of less than 18 months, signaling a long-term presence in the country following the recent arrest of Nicolás Maduro, and emphasizing a strategic interest in Venezuela's oil reserves and potential influence over its political situation.
The article explores the history of Venezuela's oil industry, its geopolitical significance, and recent US efforts to regain control of Venezuelan oil following the country's political turmoil and infrastructure decline, highlighting the complex history and strategic importance of Venezuelan oil for the US.
President Trump aims to leverage Venezuela's vast oil reserves by encouraging US companies to invest in rebuilding its oil infrastructure, but experts warn that political instability, sanctions, and high costs could delay significant output increases for many years.
Ukrainian long-range drones attacked oil pumping stations in Volgograd and Samara, Russia, disrupting oil exports and targeting infrastructure that funds Moscow's war efforts, with Ukraine continuing its campaign against Russian oil facilities.
Transneft warns that ongoing Ukrainian drone attacks on Russian oil infrastructure could force reductions in Russia's oil production, as attacks have damaged refineries and ports, impacting global oil supply and domestic fuel prices, while Russia denies the extent of damage and blames Western information campaigns.
Ukraine has targeted a Russian oil depot in the Kursk region, leading to an explosion and subsequent ban on fuel exports by the Kremlin for six months. The British Ministry of Defence suggested that Russia's refining capacity had been temporarily reduced due to multiple drone strikes on refineries across the country. This comes amid rising fuel prices in Russia, which have been attributed to market fluctuations, infrastructure attacks, and the impact of Western sanctions.
Sudan's two warring generals are battling for control of strategic positions, including oil infrastructure and military factories, ahead of a scheduled cease-fire. Both sides are digging in and neither has gained a definitive upper hand, risking prolonging the conflict. The military's ability to resupply means it may benefit from a longer war, while the RSF's advantage lies in its battle experience and maneuverability. Control of the nation's oil export infrastructure and weapons manufacturing factories is also split between the two sides.