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What Is Driving Diesel Prices Up? Energy Chaos Caused by Two Wars.

President Trump recently blamed Ukrainian attacks on Russian refineries for causing a spike in diesel prices, but analysts say the Iran war is probably a bigger factor.

Β© Jeff Chiu/Associated Press

Diesel prices in the United States are up about 65 percent since Feb. 28, when the U.S.-Israel attacks on Iran began.
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The U.S. Wants the Oil From These 17 Venezuelan Fields

A private oil company has struck a deal with the Trump administration to develop 17 areas in Venezuela, an effort that experts say will take years and billions of dollars.

Β© The New York Times

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Chevron Expansion in Venezuela Extends U.S. Influence Over Oil Riches

The U.S. energy giant, which stayed in the country after other Western companies left, will invest $7 billion in the country to more than double its production there.

Β© Maryorin Mendez/Agence France-Presse β€” Getty Images

Oil infrastructure in Cabimas, Venezuela. Chevron’s expansion is separate from President Trump’s deal for control of oil reserves in the country.
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Trump’s Venezuelan Oil Deal Relies on a Powerful and Divisive Partner

The administration will work with a private Venezuelan oil company that has close ties to the country’s government.

Β© Adriana Loureiro Fernandez for The New York Times

Venezuela is believed to have one of the world’s largest reserves of oil but it produces very little oil because of mismanagement, corruption and U.S. sanctions.
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Trump Says U.S. Struck Deal for Control of More Than 65 Billion Barrels of Venezuela’s Oil

The president said an agreement between the countries covered more than 65 billion barrels of reserves. A U.S. official said it would involve a partnership with a private company.

Β© Adriana Loureiro Fernandez for The New York Times

An oil refinery in Punto Fijo, Venezuela, in 2021. Venezuela’s president, Delcy RodrΓ­guez, said a U.S. oil deal would have a β€œsignificant impact on our nation’s revival.”
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Chevron Is in Talks to Expand in Venezuela, a Potential Win for Trump

President Trump’s administration has been pushing U.S. companies like Chevron to invest more in Venezuela’s oil industry.

Β© Marco Bello/Reuters

A Chevron-chartered oil tanker was anchored near Maracaibo, Venezuela, in February. Chevron is the only U.S. oil company with a major footprint in the country.
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How Climate Change and Tariffs Help China Raise More Cattle

As increased rain makes grasslands and cornfields possible in areas that once were deserts, the world’s largest beef importer is becoming more self-reliant by expanding domestic herds.

Β© Gilles Sabrié for The New York Times

A herder taking her cows to graze in mountain pastures in northern China’s Hebei Province.
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Nuclear Energy Revival Puts Westinghouse in Prime Position

The company, which filed for bankruptcy protection in 2017, stands to benefit from growing support for nuclear power and President Trump’s deal with Saudi Arabia.

Β© Mike Stewart/Associated Press

Cooling towers at the nuclear reactor facility at the Alvin W. Vogtle Electric Generating Plant in Waynesboro, Ga.
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Will Oil Prices Rise as the US-Iran Truce Frays? The Answer Lies With China.

For decades, OPEC influenced the market by how much oil it produced. But China, the largest importer, is demonstrating its remarkable power over prices.

Β© Agence France-Presse β€” Getty Images

A tanker at a crude oil terminal in Qingdao, China. Typically the world’s largest oil importer, China slashed purchases this spring.
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