Reliance Industries is seeking United States approval to resume buying Venezuelan crude oil. This move comes as India faces pressure to red...

Donald Trump is encouraging American companies to invest billions in Venezuela's oil sector. However, extracting this heavy oil requires ma...

Chevron’s improved standing in Venezuela has lifted US energy stocks, with investors betting on future upside from a potential reopening of...

U.S. oil companies' shares jumped on Monday, fueled by the prospect of access to Venezuela's vast oil reserves after President Donald Trump...

US stock market jumped nearly 1% today as investors reacted to the US military capture of Venezuelan President Nicolás Maduro. The Dow Jone...

Reviving Venezuela’s oil industry under a US-led plan would take years and cost more than $100 billion, analysts said, as decades of underi...

President Donald Trump said Venezuela’s oil industry could become profitable again with backing from the United States, after U.S. forces c...

The Trump administration has doubled the reward to $50 million for Nicolas Maduro's arrest, accusing him of narco-trafficking. Maduro was i...

President Trump faces growing discontent in corporate America due to his trade tariffs and regulatory policies. CEOs are concerned about th...

Global oil benchmark Brent has jumped 59% since early November when news of successful vaccines emerged, after COVID-19 travel curbs and lo...

A tug of war between Opec cuts and a weakening China has been weighing on crude prices.

OVL was among the 19 companies and seven groups that was pre-qualified to bid for Mexico's maiden offshore oil blocks auction. It was howev...

The 1973 embargo was the first real display of OPEC's power, epitomizing a big underlying shift in the oil market. Up until the 1970s, ther...

In European trading, both major benchmarks - Brent crude and West Texas Intermediate - are up by around 1.4%, with Brent at $48.49 and WTI ...

ONGC Videsh Ltd is among the 19 companies and seven groups to have pre-qualified to bid for Mexico's maiden offshore oil blocks auction.

Oil is flirting with $100 a barrel. Do not think this just another price spike. It suggests a new geopolitical era when energy increasingly...

President Hugo Chavez's government took over Venezuela's last privately run oil fields intensifying a power struggle with international com...