Oil prices gained on Friday as trade talk optimism offset expectations of more supply from Venezuela. However, prices are likely to remain capped due to plentiful supply in the market, according ...

(Reuters) -Venezuelan state-run PDVSA's oil sales abroad in 2024 stood at $17.52 billion, according to a results document seen by Reuters on Friday, as exports jumped due to U.S. licenses allowing ...

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) is expected to modestly raise output in August, while Venezuelan crude could re-enter the market under a potential easing ...

Oil futures ended the session and the week lower in rangebound trade, with tariff concerns tempered by the U.S. reaching several trade deals and moving toward an agreement with the EU.

Oil prices rise as U.S.-EU trade deal boosts sentiment, OPEC+ stays course, and Saudi hikes OSPs, reinforcing a bullish crude ...

Since sanctions were reimposed, Venezuela’s oil exports have held steady—thanks largely to rising shipments to China. In May, PDVSA sent nearly 600,000 barrels per day to Chinese buyers, while ...

Oil prices eased on Friday and settled at a three-week low as traders worried about negative economic news from the U.S. and ...

Donald Trump imposed heavy tariffs on India, claiming that the country's oil purchases are fuelling the Russian war machine in the Ukraine conflict ...