This used to be one of the world's most productive oil basins, and along with the city of Maracaibo, across the lake, is seen as key to President Donald Trump's plan to get US firms to invest $100bn ...

Russian producer Lukoil has struck a tentative deal to sell its overseas oil assets to US investment giant Carlyle amid US sanctions pressure. An agreement has been signed for the acquisition of ...

Traders are increasingly using tankers to store Russia's Urals crude as demand weakens and customers weigh growing sanctions ...

Two U.S. officials identified the vessel being handed over to Venezuelan authorities as the Panama-flagged supertanker M/T ...

The United States is handing over to Venezuela a tanker that it seized this month, two U.S. officials told Reuters on ...

Tankers International has extended its coverage beyond the VLCC market to include Suezmax vessels. With the formation of a new ...

U.S. sanctions on Russia and Venezuela have boosted tonne-miles, increased floating storage, and shifted trade from shadow ...

First assembled by Iran in the 2010s, the loose fleet that exclusively ships oil under Western embargo has more than doubled ...

Midnight Oil drummer and songwriter Rob Hirst was on Monday named a Member of the Order of Australia, six days after his death from pancreatic cancer. It might be the only occasion during his long ...

The captain of an oil tanker intercepted by the French navy in the Mediterranean Sea is in custody for questioning.

This is the unbelievable moment the French Navy launched a high-stakes operation in the Mediterranean Sea — storming a giant ...

Oil prices climbed after President Trump’s Iran rhetoric revived geopolitical risk, pushing Brent above $66 despite limited ...