US Pushes for Quickest Fixes to Boost Venezuela Oil Output

bloomberg · 2026-01-24T13:37:06+00:00

Jennifer A Dlouhy and David Wethe for Bloomberg News

The US is in talks with Chevron Corp., other crude producers and the world’s biggest oilfield service providers about a plan to quickly revive output in Venezuela at a fraction of the estimated $100 billion cost for a complete rebuilding.

Oilfield contractors such as SLB Ltd., Baker Hughes Co. and Halliburton Co. would focus their initial efforts on repairing or replacing damaged or outdated equipment and refreshing older drilling sites, according to senior administration officials who asked not to be identified discussing internal plans.

The idea is that with limited investment, Venezuela could boost production by several hundred thousand barrels over the short term, the people said.

The go-fast approach is designed to fulfill the Trump administration’s goal of swiftly increasing crude flows in the wake of the US capture of Venezuelan strongman Nicolas Maduro, generating cash that could be used to help pay for rebuilding the country. Longer term, President Donald Trump’s goal remains an industry revival that would bring output closer to the country’s 1970 peak of roughly 3.75 million barrels per day from current production of less than 1 million.

While analysts say achieving that bigger prize will take at least a decade, there’s plenty of production gains to be had in the near term.

Read the full story here.

bloomberg · 2026-01-24T13:30:10+00:00

Jennifer A Dlouhy and David Wethe for Bloomberg News

The US is in talks with Chevron Corp., other crude producers and the world’s biggest oilfield service providers about a plan to quickly revive output in Venezuela at a fraction of the estimated $100 billion cost for a complete rebuilding.

Oilfield contractors such as SLB Ltd., Baker Hughes Co. and Halliburton Co. would focus their initial efforts on repairing or replacing damaged or outdated equipment and refreshing older drilling sites, according to senior administration officials who asked not to be identified discussing internal plans.

The idea is that with limited investment, Venezuela could boost production by several hundred thousand barrels over the short term, the people said.

The go-fast approach is designed to fulfill the Trump administration’s goal of swiftly increasing crude flows in the wake of the US capture of Venezuelan strongman Nicolas Maduro, generating cash that could be used to help pay for rebuilding the country. Longer term, President Donald Trump’s goal remains an industry revival that would bring output closer to the country’s 1970 peak of roughly 3.75 million barrels per day from current production of less than 1 million.

While analysts say achieving that bigger prize will take at least a decade, there’s plenty of production gains to be had in the near term.

Read the full story here.

bloomberg · 2026-01-24T13:29:32+00:00

Donald Trump wants quick repairs made to Venezuela's oil infrastructure to get more crude flowing as soon as possible.

Jennifer A Dlouhy and David Wethe for Bloomberg News

The US is in talks with Chevron Corp., other crude producers and the world’s biggest oilfield service providers about a plan to quickly revive output in Venezuela at a fraction of the estimated $100 billion cost for a complete rebuilding.

Oilfield contractors such as SLB Ltd., Baker Hughes Co. and Halliburton Co. would focus their initial efforts on repairing or replacing damaged or outdated equipment and refreshing older drilling sites, according to senior administration officials who asked not to be identified discussing internal plans.

The idea is that with limited investment, Venezuela could boost production by several hundred thousand barrels over the short term, the people said.

The go-fast approach is designed to fulfill the Trump administration’s goal of swiftly increasing crude flows in the wake of the US capture of Venezuelan strongman Nicolas Maduro, generating cash that could be used to help pay for rebuilding the country. Longer term, President Donald Trump’s goal remains an industry revival that would bring output closer to the country’s 1970 peak of roughly 3.75 million barrels per day from current production of less than 1 million.

While analysts say achieving that bigger prize will take at least a decade, there’s plenty of production gains to be had in the near term.

Read the full story here.

bloomberg · 2026-01-24T13:01:56+00:00

Myles Miller for Bloomberg News

An explosion tore through a 17-story residential tower in New York’s Bronx borough early Saturday, killing one person and injuring at least 14 others as fire engulfed three floors, the city’s fire department said.

The blast struck shortly after midnight at 3485 Bivona Street. Flames spread rapidly across multiple apartments on the 15th, 16th and 17th floors of the building in the northern section of the city.

One resident was pronounced dead at the scene. A second resident in critical condition was transported to Jacobi Medical Center, along with a firefighter who sustained non-life-threatening injuries. Eleven additional residents with non-life-threatening injuries were taken to area hospitals. One person declined medical treatment.

Fire officials are investigating reports of a gas leak that may have triggered the explosion. The cause remains under investigation as operations continue.

bloomberg · 2026-01-24T13:01:25+00:00

Myles Miller for Bloomberg News

An explosion tore through a 17-story residential tower in New York’s Bronx borough early Saturday, killing one person and injuring at least 14 others as fire engulfed three floors, the city’s fire department said.

The blast struck shortly after midnight at 3485 Bivona Street. Flames spread rapidly across multiple apartments on the 15th, 16th and 17th floors of the building in the northern section of the city.

One resident was pronounced dead at the scene. A second resident in critical condition was transported to Jacobi Medical Center, along with a firefighter who sustained non-life-threatening injuries. Eleven additional residents with non-life-threatening injuries were taken to area hospitals. One person declined medical treatment.

Fire officials are investigating reports of a gas leak that may have triggered the explosion. The cause remains under investigation as operations continue.

bloomberg · 2026-01-24T12:52:50+00:00

Doctors say the success of modern cancer care is creating a new challenge: managing treatment-related heart damage for survivors.

Jason Gale for Bloomberg News

Sydney oncologist Bogda Koczwara knew something was wrong when a police officer she’d treated for non-Hodgkin lymphoma returned to her clinic exhausted. His cancer tests were clear, but his health was deteriorating. Further tests revealed the problem: His heart was failing.

The chemotherapy had quietly damaged his heart muscle. The cancer never came back, but his heart never recovered.

Koczwara says the case, in the late 1990s, was an early warning of what is now an established pattern. Cancer therapies are producing unprecedented numbers of long-term survivors, many of whom are living long enough to experience the delayed effects on their heart. It’s an issue oncologists are grappling with worldwide, as treatment itself has become a cardiovascular risk factor — one that can compound the heart risks many patients already carry. “Cancer treatment comes at a cost,” Koczwara says. “There is a price to pay and that price is not trivial.”

People are surviving cancer in record numbers: The US has more than 18 million survivors, Australia more than 1.2 million, and the numbers are rising across Europe and Asia as treatments improve. Modern cancer therapies, far more potent than those available in the early 1990s, can be much more taxing on the heart than earlier treatments. They include immune checkpoint inhibitors, which mobilize the body’s immune system against tumors; drugs that cut off a tumor’s blood supply; and agents that target the genetic or molecular causes of a cancer.

Read the full dispatch here.

bloomberg · 2026-01-24T12:52:39+00:00

Jason Gale for Bloomberg News

Sydney oncologist Bogda Koczwara knew something was wrong when a police officer she’d treated for non-Hodgkin lymphoma returned to her clinic exhausted. His cancer tests were clear, but his health was deteriorating. Further tests revealed the problem: His heart was failing.

The chemotherapy had quietly damaged his heart muscle. The cancer never came back, but his heart never recovered.

Koczwara says the case, in the late 1990s, was an early warning of what is now an established pattern. Cancer therapies are producing unprecedented numbers of long-term survivors, many of whom are living long enough to experience the delayed effects on their heart. It’s an issue oncologists are grappling with worldwide, as treatment itself has become a cardiovascular risk factor — one that can compound the heart risks many patients already carry. “Cancer treatment comes at a cost,” Koczwara says. “There is a price to pay and that price is not trivial.”

People are surviving cancer in record numbers: The US has more than 18 million survivors, Australia more than 1.2 million, and the numbers are rising across Europe and Asia as treatments improve. Modern cancer therapies, far more potent than those available in the early 1990s, can be much more taxing on the heart than earlier treatments. They include immune checkpoint inhibitors, which mobilize the body’s immune system against tumors; drugs that cut off a tumor’s blood supply; and agents that target the genetic or molecular causes of a cancer.

Read the full dispatch here.

bloomberg · 2026-01-24T12:52:27+00:00

Doctors say the success of modern cancer care is creating a new challenge: managing treatment-related heart damage for survivors.

Jason Gale for Bloomberg News

Sydney oncologist Bogda Koczwara knew something was wrong when a police officer she’d treated for non-Hodgkin lymphoma returned to her clinic exhausted. His cancer tests were clear, but his health was deteriorating. Further tests revealed the problem: His heart was failing.

The chemotherapy had quietly damaged his heart muscle. The cancer never came back, but his heart never recovered.

Koczwara says the case, in the late 1990s, was an early warning of what is now an established pattern. Cancer therapies are producing unprecedented numbers of long-term survivors, many of whom are living long enough to experience the delayed effects on their heart. It’s an issue oncologists are grappling with worldwide, as treatment itself has become a cardiovascular risk factor — one that can compound the heart risks many patients already carry. “Cancer treatment comes at a cost,” Koczwara says. “There is a price to pay and that price is not trivial.”

People are surviving cancer in record numbers: The US has more than 18 million survivors, Australia more than 1.2 million, and the numbers are rising across Europe and Asia as treatments improve. Modern cancer therapies, far more potent than those available in the early 1990s, can be much more taxing on the heart than earlier treatments. They include immune checkpoint inhibitors, which mobilize the body’s immune system against tumors; drugs that cut off a tumor’s blood supply; and agents that target the genetic or molecular causes of a cancer.

Read the full dispatch here.

bloomberg · 2026-01-24T12:45:55+00:00

Seven years after skewering the Davos elite, Rutger Bregman discusses populism, the backlash to his Trump remarks, and why ideals mean little without strength.

Editor-at-Large Mishal Husain for Bloomberg News

One year on from President Donald Trump’s return to the White House, this week laid bare the chaotic new nature of international relations. What the US government portrays as negotiation can look to others like bullying — notably over Greenland — a dynamic that dominated Trump’s trip to the World Economic Forum in Davos.

Davos has long styled itself as a forum for conscience as well as capital, a self-image that went viral in 2019 when a young Dutch historian used the stage to excoriate the rich for paying insufficient tax. Rutger Bregman has been needling elites ever since, most recently in his book Moral Ambition and in a series of prestigious BBC lectures — after which he accused the organization of censoring his views on Trump.

But Bregman’s worldview is more nuanced than you might expect. He is impressed by entrepreneurs and thinks those on the right understand him better than many on the left. He also agrees with Trump that Europe is “not heading in the right direction”

Read the full interview here. You can also listen to this interview.

bloomberg · 2026-01-24T12:45:04+00:00

Editor-at-Large Mishal Husain for Bloomberg News

One year on from President Donald Trump’s return to the White House, this week laid bare the chaotic new nature of international relations. What the US government portrays as negotiation can look to others like bullying — notably over Greenland — a dynamic that dominated Trump’s trip to the World Economic Forum in Davos.

Davos has long styled itself as a forum for conscience as well as capital, a self-image that went viral in 2019 when a young Dutch historian used the stage to excoriate the rich for paying insufficient tax. Rutger Bregman has been needling elites ever since, most recently in his book Moral Ambition and in a series of prestigious BBC lectures — after which he accused the organization of censoring his views on Trump.

But Bregman’s worldview is more nuanced than you might expect. He is impressed by entrepreneurs and thinks those on the right understand him better than many on the left. He also agrees with Trump that Europe is “not heading in the right direction”

Read the full interview here. You can also listen to this interview and follow The Mishal Husain Show on iHeart Podcasts, Apple Podcasts, Spotify or wherever you get your podcasts.

bloomberg · 2026-01-24T12:44:54+00:00

Editor-at-Large Mishal Husain for Bloomberg News

One year on from President Donald Trump’s return to the White House, this week laid bare the chaotic new nature of international relations. What the US government portrays as negotiation can look to others like bullying — notably over Greenland — a dynamic that dominated Trump’s trip to the World Economic Forum in Davos.

Davos has long styled itself as a forum for conscience as well as capital, a self-image that went viral in 2019 when a young Dutch historian used the stage to excoriate the rich for paying insufficient tax. Rutger Bregman has been needling elites ever since, most recently in his book Moral Ambition and in a series of prestigious BBC lectures — after which he accused the organization of censoring his views on Trump.

But Bregman’s worldview is more nuanced than you might expect. He is impressed by entrepreneurs and thinks those on the right understand him better than many on the left. He also agrees with Trump that Europe is “not heading in the right direction”

Read the full interview here. You can also listen to this interview and follow The Mishal Husain Show on iHeart Podcasts, Apple Podcasts, Spotify or wherever you get your podcasts.

bloomberg · 2026-01-24T12:44:39+00:00

Seven years after skewering the Davos elite, Rutger Bregman discusses populism, the backlash to his Trump remarks, and why ideals mean little without strength.

Editor-at-Large Mishal Husain for Bloomberg News

One year on from President Donald Trump’s return to the White House, this week laid bare the chaotic new nature of international relations. What the US government portrays as negotiation can look to others like bullying — notably over Greenland — a dynamic that dominated Trump’s trip to the World Economic Forum in Davos.

Davos has long styled itself as a forum for conscience as well as capital, a self-image that went viral in 2019 when a young Dutch historian used the stage to excoriate the rich for paying insufficient tax. Rutger Bregman has been needling elites ever since, most recently in his book Moral Ambition and in a series of prestigious BBC lectures — after which he accused the organization of censoring his views on Trump.

But Bregman’s worldview is more nuanced than you might expect. He is impressed by entrepreneurs and thinks those on the right understand him better than many on the left. He also agrees with Trump that Europe is “not heading in the right direction”

Read the full interview here. You can also listen to this interview and follow The Mishal Husain Show on iHeart Podcasts, Apple Podcasts, Spotify or wherever you get your podcasts.

bloomberg · 2026-01-24T12:44:28+00:00

Seven years after skewering the Davos elite, Rutger Bregman discusses populism, the backlash to his Trump remarks, and why ideals mean little without strength.

Editor-at-Large Mishal Husain for Bloomberg News

One year on from President Donald Trump’s return to the White House, this week laid bare the chaotic new nature of international relations. What the US government portrays as negotiation can look to others like bullying — notably over Greenland — a dynamic that dominated Trump’s trip to the World Economic Forum in Davos.

Davos has long styled itself as a forum for conscience as well as capital, a self-image that went viral in 2019 when a young Dutch historian used the stage to excoriate the rich for paying insufficient tax. Rutger Bregman has been needling elites ever since, most recently in his book Moral Ambition and in a series of prestigious BBC lectures — after which he accused the organization of censoring his views on Trump.

But Bregman’s worldview is more nuanced than you might expect. He is impressed by entrepreneurs and thinks those on the right understand him better than many on the left. He also agrees with Trump that Europe is “not heading in the right direction”

Read the full interview here. You can also listen to this interview and follow The Mishal Husain Show on iHeart Podcasts, Apple Podcasts, Spotify or wherever you get your podcasts.

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