Oil prices pushed higher on Tuesday afternoon, with traders weighing a familiar but combustible mix of Middle East risk and ...

Venezuela’s oil is mostly extra-heavy crude from the Orinoco Belt, with breakeven costs above $80 per barrel—making it uneconomic at current prices and far less attractive than other heavy oil sources ...

At the American Petroleum Institute’s annual State of American Energy event, API President and CEO Mike Sommers framed the ...

The European Union has introduced a framework that could allow Chinese electric vehicle exporters to replace existing tariffs ...

Two oil tankers waiting to load crude from major Kazakh oilfields were hit by drones at the Caspian Pipeline Consortium ...

Iran has reportedly released the Greece-owned oil tanker St Nikolas, which it seized two years ago in retribution for a US ...

Russia's state-owned Roszarubezhneft asserted ownership of all oil assets it is developing in Venezuela, acquired after US ...

Turkmenistan is moving ahead with a new development phase at the giant Galkynysh gas field while keeping its long-term export ...

As Iran’s deadly crackdown on protesters escalates, the United States is once again considering a spectrum of military and ...

OPEC Output Falls on Geopolitical Risk. Trump’s maritime blockade of Venezuela and tighter US sanctions on Iran have lowered ...

Oil prices continue to climb as escalating protests in Iran and U.S. intervention risks overshadowed otherwise bearish ...

Russia’s December oil exports surged on higher shipments to China while deliveries to India fell sharply, reflecting shifting ...