Sanctions targeting oil are often ineffective at changing governmental policy and often impose additional costs on companies and consumers.

The move reverses Trump's withdrawal of a permit earlier this year, and could draw criticism from Venezuelans in Florida who ...

Eni Lifts Cash-Flow Guidance, Confirms $1.8 Billion Buyback Despite Headwinds The company confirmed its planned shareholder returns for 2025 of a 5% dividend increase and a buyback program. Trump ...

With a second refinery closing and possibly more to follow, Newsom may be forced to consider the possibility that petroleum might not be as dispensable or easily replaceable as he thought.

President Nicolás Maduro said his ruling socialist party won a majority of mayorships in Sunday’s local elections, solidifying its hold on power and pushing Venezuela further into one-party rule.

The decision follows negotiations that led to the release of 10 American prisoners in the county.

The Trump administration has granted Chevron a six-month license to restart oil production and exports in Venezuela, ...

US President Donald Trump’s administration is reversing course and allowing US supermajor Chevron to continue pumping oil in ...

The U.S. has designed the Venezuela-based Cartel de los Soles as a terrorist group and said it is headed by the president of the South American country, Nicolás Maduro. The Department of the ...

The United States Treasury on Friday announced sanctions against a Venezuelan group which it claims is led by President ...

The United States Treasury on Friday announced sanctions against a Venezuelan group which it claims is led by President Nicolas Maduro, alleging it backs leading drug cartels.

WTI fell 3% during the week as traders focused on negative U.S. economic news and signs of growing oil supplies.