A Venezuela oil revival could set up winners — and losers
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US will sell Venezuelan oil
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The shale tycoon said the move signalled support for Argentine President Javier Milei, a Donald Trump ally pursuing a radical deregulation agenda. But the move also comes as American shale producers exhaust high-quality drilling locations in the US.
If the US operation in Venezuela tells us anything, it’s that Washington is thinking past the shale boom and back to a more traditional playbook.
South American nation’s tar-like oil is what many Gulf coast facilities were built for but ramping up production to 3m barrels a day will be a long game
With production stalling and oil prices dropping, operators could focus on recovery rates and inventory, analysts say
U.S. shale is in “wait-and-see” mode as WTI lingers in the low–mid $60s. Operators report faster drilling, lower costs, AI-assisted workflows, and budget cuts. Momentum in the US shale patch is fading, with various shale CEOs stating that production ...
The US leads global oil production thanks to the shale boom, but its refineries are optimized for heavy crude-something domestic shale oil can't provide. Venezuela, with the world's largest reserves and predominantly heavy crude,
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