US Commerce Secretary Howard Lutnick lauds the benefits of artificial intelligence. Speaking with Bloomberg Balance of Power co-host Joe Mathieu at the G20 Innovation Ministerial in Chapel Hill, North Carolina, Lutnick also says Anthropic has settled differences with the Trump administration and discusses the state of US-Canada trade negotiations. Listen to the full conversation, as heard live on Bloomberg TV and Radio.

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Chevron CEO Mike Wirth says the plan to invest $7 billion over the next five years through its joint venture partnerships to more than double crude production in Venezuela is a ‘win-win-win’ for American refiners who prefer that type of crude oil and a win for the Venezuelan economy. He also said global oil supply and demand are returning to ‘balance’ due to increased supplies from the Strait of Hormuz in recent weeks, but risks remain. Wirth spoke with Bloomberg’s Tyler Kendall in Caracas.

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US Energy Secretary Chris Wright discusses details of Venezuelan oil production and exports, deals signed with Chevron, ENI, and GE Vernova, and offers an update on the Strait of Hormuz. He speaks with Tyler Kendall in Caracas, Venezuela.

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