Mitchell Ferman

Donald Trump is planning a fresh fundraising swing through Texas, with plans to court donors in oil country as he seeks to narrow a cash gap with Kamala Harris in the final weeks of the presidential campaign.

Oil executives have emerged as an increasingly important source of funding for Donald Trump, as industry titans open their wallets to bolster the Republican nominee's campaign for a second term in the White House.

ConocoPhillips has been granted a string of licenses by the US government that allow the oil and gas producer to better position itself to recover some or all of the roughly $10 billion it is owed by Venezuela after the country seized and nationalized its assets more than a decade ago, according to people familiar with the matter.

El gobierno de Estados Unidos otorgó a ConocoPhillips una serie de licencias que le permiten al productor de petróleo y gas posicionarse mejor para recuperar parte o la totalidad de los aproximadamente US$10.000 millones que le debe Venezuela después de que el país confiscara y nacionalizara sus activos hace más de una década, según fuentes con conocimiento directo.

ConocoPhillips has been granted a string of licenses by the US government that allow the oil and gas producer to better position itself to recover some or all of the roughly $10 billion it is owed by Venezuela after the country seized and nationalized its assets more than a decade ago, according to people familiar with the matter.

Federal Reserve Bank of Dallas President Lorie Logan said the central bank should lower interest rates at a slower pace following an unusually large rate cut last month.

Oil executives have emerged as an increasingly important source of funding for Donald Trump, as industry titans open their wallets to bolster the Republican nominee’s campaign for a second term in the White House.

Matador Resources Co. plans to produce more oil in 2024 than previously planned, a signal that wells in the western part of the Permian Basin — the busiest US oil field — continue to lead national oil growth.

Dallas-based Matador now plans to produce an average of 98,500 to 101,500 barrels of oil per day in 2024, a 5% increase from the company's previous projection. The upper end of Matador's previous full-year projection was 96,500 barrels per day.

Oil and gas extraction has seen the fastest labor productivity gains of any sector in the past decade.