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Latest reporting and analysis tagged with Venezuela oil.
U.S. President Donald Trump's recent appeal to oil executives for major investments in Venezuela's declining oil sector met with mixed reactions, highlighting the country's challenging investment climate and infrastructure decay.
TD Cowen analyst Marc Bianchi increased Helmerich & Payne's price target to $35 on January 7, citing potential gains from US actions in Venezuela, while the company seeks to recover $90 million in unpaid invoices and 11 rigs seized in 2010.
Piper Sandler upgraded PBF Energy stock on January 8, citing West Coast market tightening. The Martinez refinery rebuild is now expected into February after a 2025 fire. The firm could benefit from potential Venezuelan crude imports.
Valero Energy's stock reached an all-time high on January 8 as investors see it benefiting from potential increased Venezuelan oil imports. Analyst price targets were raised, and investor Michael Burry expressed confidence in the company.
Oil prices climb due to Iran protests threatening supply, complicating President Trump's promise of affordable energy amid industry pressures and market forecasts of oversupply.
US efforts to control Venezuela's vast oil reserves could shift global energy power, with OPEC facing pressure from rising American production and potential Venezuelan recovery.