US oil groups seek guarantees for Venezuela investments, Brussels plans special rule book for EU companies, Top-10 private equity funds take nearly half of US fundraising, Berlin’s power outage shakes Germany…
We begin in the US, where oil companies are asking for “serious guarantees” from Washington before they make splashy investments in Venezuela as President Donald Trump urges them to back his efforts to reshape energy markets.
What we know: American officials held crunch talks with top energy executives in Miami yesterday, just as the US president made a show of raw power over global crude markets, seizing control of Venezuela’s oil sector and ordering US special forces to capture a Russian tanker in the north Atlantic.
Demand for guarantees: Trump has summoned executives from some of the biggest US energy groups to a meeting at the White House tomorrow. They are expected to press the president on providing legal and financial guarantees before they agree to commit capital to Venezuela, according to people familiar with their plans.
Earlier this week Trump said US oil companies could be “reimbursed” if they invested in Venezuela. But executives remained cautious, with some citing the US president’s erratic policymaking. Read the exclusive story in full.
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