US Energy Secretary says will see involvement with US oil companies immediately; short-term oil revenue will got to stabilise Venezuela, via CNBC interview

The US Energy Secretary's announcement signals a direct engagement with US oil companies, emphasizing that short-term oil revenues will be used to stabilize Venezuela.

Newsquawk StaffPublished 7 Jan 2026, 19:35 UTCOn the live feed at 19:15 UTC — 3 more headlines followed before this page went public

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Arm (ARM) launches Physical AI division to expand in robotics market

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Olaplex (OLPX) said to have attracted a takeover offer from Germany's Henkel, according to Bloomberg

19:15

US Energy Secretary says will see involvement with US oil companies immediately; short-term oil revenue will got to stabilise Venezuela, via CNBC interview

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OpenAI preps personal health features in ChatGPT; people also use the chatbot to help diagnose illnesses and handle issues involving Medical Insurance claims; OpenAI says >40mln people use ChatGPT for health purposes daily, The Information reports

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US President Trump on Truth Social says will no longer tolerate defence contractors to issue massive dividends to their shareholders and massive stock buybacks, at the expense and detriment of investing in plants and equipment.

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Exxon (XOM) and Conoco (COP) debts need to be repaid further in future.

Context

This could imply increased operational risks for companies involved and raises questions about the sustainability of oil production in the region. Watch for potential market reactions in energy equities and the broader implications for oil prices as this plays out.

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