A revitalized Venezuelan oil industry could lift production from 800,000 barrels daily back to its peak of 3 million, but the ...

Oil prices edged lower in early Asian trading on Tuesday as markets weighed the possibility of higher Venezuelan crude output, reinforcing expectations of ample global supply amid weak demand. Brent ...

Orphaned oil and gas wells are multiplying in Texas, reaching a 20-year high in December, according to the Texas Railroad ...

February WTI crude oil (CLG26) today is down -0.61 (-1.06%), and February RBOB gasoline (RBG26) is down -0.0253 (-1.48%). Crude oil and gasoline prices tumbled to 2-week lows today on expectations for ...

President Donald Trump’s Venezuela policy showed signs of taking effect this week as the country reopened oil wells closed under a U.S. embargo and restarted crude exports, according to Reuters. Two ...

Crude oil erased its earlier losses as traders continued to assess the U.S. operation in Venezuela that removed President Nicolás Maduro from Caracas. President Donald Trump said oil majors will be ...

President Donald Trump has called on U.S. oil companies to invest in Venezuela after the overthrow of President Nicolas Maduro. Venezuela, a founding member of OPEC, sits on the largest proven crude ...

WTI crude oil futures (CL1:COM) will be in focus after the U.S. on Saturday said it had conducted a strike against Venezuela and captured its leader, Nicolás Maduro. The move marked a culmination of ...

The Middle Eastern crude oil market is showing more signs of weakness amid growing concerns about a global glut that could drag prices still lower. The discount of the regional Dubai benchmark to ...

Forbes contributors publish independent expert analyses and insights. Ian writes on fossil energies, climate, and transition to renewables. US President Donald Trump, alongside (L/R) Deputy Chief of ...

The U.S. Energy Information Administration has revealed that global oil supplies exceeded demand in 2025, leading to a sharp decline in oil prices. Monthly average Brent crude oil prices declined from ...

NEW DELHI, Jan 6 (Reuters) - Reliance Industries (RELI.NS), opens new tab said on Tuesday it is not expecting any Russian crude oil deliveries in January, a move that could sharply cut India's Russian ...