Energy experts say the US and China are diverging on the energy transition, with China sprinting far ahead on renewables and EVs, while the US doubles down on drilling oil at home and abroad.

Venezuelan crude oil worth $2.8 billion could reach Texas refineries next week following Trump's announcement of 50 million barrels heading to Gulf Coast.

Major oil companies are uninterested in making significant investments in Venezuela, but exploratory drillers are eager to go in following the U.S.’s so-called takeover of Venezuela’s oil industry, Treasury Secretary Scott Bessent said Thursday.

Houston oil giants Exxon Mobil and ConocoPhillips were among the energy companies pushed out of the country, costing them billions.

The U.S. seized the Russian-flagged Marinera oil tanker -- formerly known as the Bella-1 -- which has been linked to Venezuela and was transiting the North Atlantic, according to three sources familiar with the operation. And it also seized another tanker, according to Homeland Security Secretary Kristi Noem.

Petróleos de Venezuela said the talks were "within the framework of the commercial relations that exist between both countries."

Oil prices rose on Friday on concerns about potential disruption to Iran's output and uncertainty about supply from Venezuela.

When the markets reopened on Monday, however, just three oil company stocks seemed to benefit. Here's why these three oil stocks surged after Venezuelan President Maduro's capture and whether they're likely to reap long-term gains. Image source: Getty Images.