/tags/oil Oil en-US WLRN Mon, 08 May 2023 15:30:00 GMT /latin-america/2023-05-08/oil-boom-transforms-guyana-prompting-a-scramble-for-spoils Guyana is poised to become the fourth-largest offshore oil producer in the world, placing it ahead of Qatar, the United States, Mexico and Norway. Mon, 08 May 2023 15:30:00 GMT /latin-america/2023-05-08/oil-boom-transforms-guyana-prompting-a-scramble-for-spoils Danica Coto| Associated Press /latin-america/2023-04-17/venezuela-arrests-u-s-fugitive-as-part-of-oil-graft-purge Authorities in Venezuela have charged with corruption a businessman who is a fugitive in a separate U.S. money laundering case targeting a top ally of President Nicolás Maduro. Mon, 17 Apr 2023 15:00:00 GMT /latin-america/2023-04-17/venezuela-arrests-u-s-fugitive-as-part-of-oil-graft-purge Joshua Goodman | Associated Press /latin-america/2023-04-06/world-court-rules-against-venezuela-in-historic-border-dispute-with-guyana-with-oil-riches-on-the-line The U.N.'s World Court in the Hague has sided with Guyana's request for a ruling on its 124-year-old border dispute with Venezuela — which involves a lot of oil. Thu, 06 Apr 2023 20:08:25 GMT /latin-america/2023-04-06/world-court-rules-against-venezuela-in-historic-border-dispute-with-guyana-with-oil-riches-on-the-line Tim Padgett /latin-america/2023-04-04/venezuela-opposition-envoy-urges-biden-to-ease-oil-sanctions The new representative of Venezuela’s opposition in the U.S. is urging the Biden administration to start relaxing crippling oil sanctions on Nicolas Maduro’s government or risk seeing the socialist-run country turn into another Cuba with Washington scapegoated for increasing authoritarianism and economic hardships. Tue, 04 Apr 2023 15:30:00 GMT /latin-america/2023-04-04/venezuela-opposition-envoy-urges-biden-to-ease-oil-sanctions Joshua Goodman | Associated Press /latin-america/2023-03-31/shadowy-brokers-walk-off-with-billions-in-venezuelan-oil Dozens of obscure brokers are at the center of a new crackdown in Venezuela on corruption in the state-run oil industry that has government insiders scurrying for cover. Fri, 31 Mar 2023 16:00:00 GMT /latin-america/2023-03-31/shadowy-brokers-walk-off-with-billions-in-venezuelan-oil Regina Garcia Cano| Associated Press , Joshua Goodman | Associated Press /americas/2023-03-28/venezuela-21-officials-businessmen-arrested-in-oil-scheme Venezuela’s attorney general says 21 people, including senior officials in President Nicolás Maduro's government and business leaders, have been arrested in connection with a corruption scheme involving international oil sales. Tue, 28 Mar 2023 15:00:00 GMT /americas/2023-03-28/venezuela-21-officials-businessmen-arrested-in-oil-scheme The Associated Press /national/2023-01-31/exxon-announced-record-earnings-its-bound-to-renew-scrutiny-of-big-oil Exxon earned nearly $56 billion in profit last year, the biggest annual profit any Western oil company has ever seen. Chevron set its own record with $35 billion in profit. Wed, 01 Feb 2023 15:00:00 GMT /national/2023-01-31/exxon-announced-record-earnings-its-bound-to-renew-scrutiny-of-big-oil Camila Domonoske /environment/npr-breaking-news/2023-01-12/exxon-climate-predictions-were-accurate-decades-ago-still-it-sowed-doubt Exxon's climate research decades back painted an accurate picture of global warming, according to a new scientific paper. Still, the oil company continued climate-denying policy efforts. Thu, 12 Jan 2023 19:13:37 GMT /environment/npr-breaking-news/2023-01-12/exxon-climate-predictions-were-accurate-decades-ago-still-it-sowed-doubt Jeff Brady /environment/2022-11-10/as-harvards-endowment-abandons-fossil-fuels-oil-rich-university-of-texas-catches-up Royalties on oil and natural gas, along with lease payments on millions of acres of land, are helping the University of Texas, which is in second place, narrow the gap with Harvard. Thu, 10 Nov 2022 19:00:00 GMT /environment/2022-11-10/as-harvards-endowment-abandons-fossil-fuels-oil-rich-university-of-texas-catches-up David Gura /news/2022-10-18/biden-is-releasing-15-million-barrels-from-the-strategic-oil-reserve-to-tame-prices The Department of Energy has another 400 million barrels in its strategic reserves, which the White House said it can pull from in the future if necessary. Wed, 19 Oct 2022 14:00:00 GMT /news/2022-10-18/biden-is-releasing-15-million-barrels-from-the-strategic-oil-reserve-to-tame-prices Dustin Jones