Russia is under growing pressure in the global oil market, forced to sell crude oil to India at extremely low prices. Some shipments have recently gone for as little as $22 to $25 per barrel. The ...

Russian oil and gas revenue fell by a fifth in 2025 to their lowest point in five years. But while Western sanctions have no ...

The Southeast is bracing for another winter storm this weekend, which is expected to bring heavy snow, strong winds, and coastal erosion.

On Friday, West Texas Intermediate crude for March delivery (CLH26) (CL.1) posted a 14% gain for the month of January, following five consecutive months of declines. It edged down by 0.3% Friday to ...

Exxon Mobil maintains long-term interest in Venezuela despite Trump’s threat to keep the company out, while Chevron aims to hike its Venezuelan volumes without any additional capital influx.

Venezuela’s acting President Delcy Rodríguez on Thursday signed a law that opens the nation’s oil sector to privatization, ...

On January 27, BofA lifted its price target on Chevron Corporation (NYSE:CVX) to $188 from $180. It also kept a Buy rating on ...

Chevron could increase Venezuelan heavy crude flows in its U.S. refining system, Chief Executive Officer Mike Wirth said on the company's fourth-quarter 2025 earnings call Friday.

Chevron CEO Mike Wirth said on Friday the U.S. oil major can process an additional 100,000 barrels per day of Venezuelan ...

Despite U.S. pressure following Maduro’s capture, Venezuela’s severely degraded oil infrastructure, environmental damage, and massive capital needs are deterring energy majors from returning.

Nigeria lowered oil and gas signature bonuses to $3m–$7m from much higher past levels. The change applies to payments made before license awards in the current bidding round. The move comes as ...

America's two largest oil companies on Friday posted their smallest annual profits since 2021, pressured by a growing glut of ...