For Institutions
About
Oil companies are rushing to secure tankers for exporting Venezuelan crude to the U.S. following the lifting of sanctions by President Trump. Companies like Chevron, Vitol, and Trafigura are competing for contracts, with Trafigura planning to load its first vessel soon. Shipping firms are also considering expanding ship-to-ship transfers. Trump has called for a $100 billion investment in Venezuela's oil sector to boost production, while the Senate seeks to limit his military actions in the region.
Wall Street closed mixed, with defense stocks rising after President Trump proposed a $1.5 trillion military budget, while tech stocks like Nvidia and Microsoft dipped. The S&P 500 lost 0.00% to 6,920.89, and the Nasdaq fell 0.44%. Ford shares surged after an upgrade from Piper Sandler. Investors are cautious about AI stocks, seeking evidence of profitability. The jobless claims rose moderately, and traders await the nonfarm payrolls report. Fitch raised its U.S. growth outlook, predicting GDP growth of 2.1% in 2025 and 2.0% in 2026.
The Trump administration is advancing a long-term plan to dominate Venezuela's oil industry, believing that this move will drive oil prices down to $50 per barrel. Currently, the White House has confirmed the launch of global sales of Venezuelan oil and is actively negotiating with major oil companies such as Chevron to implement control and distribution of Venezuelan oil resources. As voter dissatisfaction with the cost of living intensifies and polling pressure increases ahead of the midterm elections, the urgency of this agenda has heightened
Alana K. Knowles, Controller at Chevron Corporation, has reported the disposal of common shares of the company. The full filing is available through the provided link. This news was generated by Public Technologies and is for informational purposes only, not to be considered as financial, investment, or legal advice. Chevron Corporation is responsible for the original content published via EDGAR on January 07, 2026.
Venezuela's state-run oil company PDVSA announced progress in negotiations with the U.S. for oil sales, emphasizing that the U.S. must purchase cargoes at international prices. This follows a deal allowing access to $2 billion worth of Venezuelan crude, amid U.S. demands for greater access to the oil industry. PDVSA stated that discussions are based on legal and transparent commercial terms, with Chevron being the only company currently exporting Venezuelan oil under a special U.S. license despite ongoing sanctions.
