POWER POINT What I’m hearing from energy insiders It was one of the most eye-opening and fascinating business trips in my 30-year career: the opportunity to travel to Venezuela to witness firsthand the signing of oil deals between the government in Caracas and Venezuelan and Western oil companies. CNBC was one of just a handful…
The Pentagon has received a big ownership stake in an obscure private oil company that will control crude reserves larger than ExxonMobil‘s global portfolio if President Donald Trump‘s Venezuela deal is successful. The deal comes eight months after Washington ousted former Venezuelan President Nicolás Maduro in a military raid and co-opted the remaining regime led…
Drivers in the U.S. won’t see lower gas prices from President Donald Trump‘s massive oil deal with Venezuela because it will take years to significantly boost the country’s production, experts say. Trump announced Friday that the U.S. secured majority control over 65 billion barrels of Venezuela’s proven oil reserves, around 20% of the 303 billion…
US President Donald Trump speaks in the Rose Garden of the White House in Washington, DC, on Aug. 24, 2026. Jim Watson | AFP | Getty Images The U.S. struck a deal with Venezuela to get majority control of more than 65 billion barrels of oil reserves as the war with Iran roils the global…
Treasury Secretary Scott Bessent will hold a press conference Monday to announce sanctions against Iran that he described to CNBC as the greatest campaign of “coordinated economic isolation in the history of the world.” “At dawn begins an economic D-Day — the single greatest financial offensive ever marshalled against an adversary,” Bessent said in an opinion piece…
US President Donald Trump makes an announcement on American Nuclear Innovation in the Oval Office of the White House in Washington, DC, on July 24, 2026. Mandel Ngan | AFP | Getty Images President Donald Trump said Monday that the U.S. has collected more than $13 billion from the sale of Venezuelan crude oil since…
US Secretary of State Marco Rubio looks on as US President Donald Trump speaks to the press following US military actions in Venezuela, at his Mar-a-Lago residence in Palm Beach, Florida, on January 3, 2026. Jim Watson | Afp | Getty Images President Donald Trump pledged Wednesday to deploy U.S. resources to earthquake-stricken Venezuela after…
A woman reacts in the street following an earthquake in Caracas on June 24, 2026. A magnitude 7.1 earthquake struck Venezuela on Wednesday, the United States Geological Survey reported, triggering panic in Caracas. Federico Parra | Afp | Getty Images Strong earthquakes struck west of Venezuela’s capital on Wednesday afternoon, bringing down buildings in Caracas and…
Signage at the Situation Room by Polymarket pop-up bar in Washington, DC, US, on Friday, March 20, 2026. Graeme Sloan | Bloomberg | Getty Images Federal prosecutors charged a Google employee with fraud on Wednesday, alleging that he made $1.2 million off of bets using insider information on Polymarket. Prosecutors claim that Michele Spagnuolo, a…
Ryanair has prepared for an “armageddon situation,” amid the jet fuel crisis, the budget airline’s chief financial officer told CNBC Monday. “Do we have plans for some kind of Armageddon situation? Of course, we do, but I don’t see that coming to pass. As things stand, we’re operating a full schedule this summer, and plan…
