Oil smuggling remains highly profitable despite sanctions on Russia, Iran, and Venezuela, which together produce about 16 ...

Venezuela's state oil company PDVSA has resumed regular imports of light crude as its own output of medium and light grades ...

Unless Western governments are ready to accept higher prices, Russia, Venezuela and Iran will continue to evade sanctions ...

President Donald Trump has discovered a new panacea for the problems of the world: American imperialism. His surprise ...

Chevron is holding talks with the Trump administration amid calls by top Republican officials for the company to exit the ...

Harry Sargeant III, who has long sought to expand his energy dealings in Venezuela, was allegedly a key figure in facilitating negotiations ...

Jamie Kelter Davis for The New York Times Further U.S. policy changes could involve the lifting of sanctions on Venezuela’s vital oil sector and the return of direct commercial flights between ...

An oil tanker carrying crude from a Russian producer that was recently sanctioned by the US has been floating off West Coast ...

Chevron Corporation CVX is currently in conversation with the Trump administration, which is reconsidering its license to operate in Venezuela. With this new policy, Chevron is in a challenging ...

Russia appears to be on the cusp of a debilitating oil-freight transportation problem because of US sanctions, writes ...

An oil tanker named Koala has been damaged near the Russian port of Ust-Luga in the Gulf of Finland, according to Russian media outlets Fontanka and Tass. Tass reported that the vessel is securely ...