Oil prices rise as traders focus on short-term impact of Venezuela oil blockade. Trump’s removal of Maduro breathes life into US equities, with Chevron and Valero seeing significant stock increases. Trump offers subsidies to energy companies helping rebuild Venezuela. US Energy Secretary to meet with oil company executives. S&P 500 Energy index up 5% in 2025.

Colombia’s Ecopetrol assumes 100% interest in offshore blocks. Italy’s ENI spins off refining business. Vistra to acquire Cogentrix Energy. TotalEnergies forms joint venture in Nigeria.

ICE Brent recovers to above $62 per barrel. OPEC+ maintains production quotas. US oil majors not consulted on Venezuela return. Venezuela’s PDVSA cuts oil production. Phillips 66 to acquire Lindsey oil refinery.

Trump warns India of higher tariffs on Russian imports. Reliance Industries denies Russian oil deliveries. Equinor challenges US Department of the Interior. Saudi Aramco lowers oil prices to Asia. Copper prices surge.

Indonesia’s oil output drops after fire. Record fine for offshore pipeline operator. US boosts uranium enrichment capacity. BYD outsells Tesla in Europe.

Read more at Yahoo Finance: Oil Eyes Supply Disruptions as Venezuela Rebuild Talk Falls Flat