The latest projections from the Energy Information Administration show global oil inventories rising next year, putting ...

Rising US domestic oil production and a contracting refining sector undermine claims by Latin American leaders that ...

The US has ratcheted up pressure on the government of Venezuela with a series of measures designed to stifle the country’s ...

There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending ...

Venezuela's bitumen-heavy oil is virtually identical to Canada's and the South American country has the largest proven ...

World petroleum and other liquid fuels production will outweigh consumption by 2.24 million barrels per day in 2025, ...

In the wake of Russia's invasion of Ukraine in 2022, Washington eased some restrictions on Venezuela, with the Treasury ...

Trump orders total blockade of Venezuelan oil tankers as the South American nation controls world's largest oil reserves with ...

United States Homeland Security Advisor and close Trump aide Stephen Miller suggested on Wednesday that Venezuela’s oil ...

Venezuelan President Nicolás Maduro described the detention of an oil tanker seized by US military personnel in the Caribbean Sea on Wednesday as an act ...

Maduro survived sanctions, including on Petróleos de Venezuela SA (PDVSA), Venezuela’s state oil company, imposed during the ...

There are a number of factors this year that are making it a particularly unique time for oil, as Myra P. Saefong reports. For one thing, the world has more oil than it needs. Therefore, a drop in cru ...