Washington, June 25 (IANS) US President Donald Trump has said his administration was investigating major oil companies over suspected price gouging, arguing that falling crude oil prices had not translated into lower prices at American petrol stations.Speaking after his meeting with NATO Secretary General Mark Rutte at the White House on Wednesday (local time), Trump said the Department of Justice was examining whether energy companies were passing on lower costs to consumers.”We are not seeing …
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New Delhi, Jan 25 (IANS) With deposing Venezuela’s Nicolas Maduro and taking over the country’s oil industry, the US is in the position to derail China’s ambitions in the South American country in the near future, according to reports.Beijing’s foothold there is in doubt as the US asserts new power over Venezuela’s oil patch, reports Wall Street Journal.“Beijing’s production deals, oil rigs and debt-backed supply arrangements have long bought it enormous sway in Venezuela — all o…
Washington, Jan 10 (IANS) Top executives from major US and international oil companies signaled readiness to invest billions of dollars in Venezuela’s oil sector, citing new security guarantees and political backing from the Trump administration as key conditions for reentry.Speaking at a White House meeting chaired by President Donald Trump, leaders from Chevron, ExxonMobil, ConocoPhillips and other firms described Venezuela as a long-term opportunity following years of decline caused by sanc…