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

Brazil may still be famous for its beaches, caipirinhas and agricultural exports. But quietly, it is earning a different ...

Oil prices edged up on Tuesday as a massive winter storm hit crude production and affected refineries on the U.S. Gulf Coast.

Oil prices settled 3% higher on Tuesday as producers reeled from a winter storm that hobbled crude production and drove U.S.

Resurgent global interest suggests that Nigeria’s oil industry may be emerging from a slump that had seen production drop to a two-decade low in 2022. Yet foreign firms are no longer the main players.

The World’s September oil production increased by 737 kb/d to 86,033 kb/d, a new World Peak Oil All Time High. September’s World oil output W/O the US increased by 692 kb/d to 72,189 kb/d. Production ...

The Trump administration has outlined a number of demands that Venezuela must agree to in order to resume oil production, two senior White House officials told CNN. During conversations led by US ...

President Trump has made clear he wants to revitalize Venezuela’s oil industry so he can use the cash to make the country great again — but the sector is in shambles after decades of plunder, talent ...

President Donald Trump stated at a news conference that the United States will "get the oil flowing the way it should be" in Venezuela with the assistance of oil companies following the surprise ...

Alain Sherter is a senior managing editor with CBS News. He covers business, economics, money and workplace issues for CBS MoneyWatch. The U.S. strike on Venezuela has renewed focus on the country's ...

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 ...

ANTALYA, TURKEY—The Anadolu Agency reports that excavations at Syedra, a 3,000-year-old city site on Turkey’s southern coastline, suggest it was a center for olive oil production. “Through excavations ...