The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. — a shipment the president valued at $500 million. It's part of the administration's push to tap into ...

Oil prices are retreating after a geopolitics-driven spike, as the glut narrative regains control. Rising inventories, sanctioned crude weighing on tanker data, and new Venezuelan barrels reinforce ...

If anyone is still wondering whether the Trump Administration’s goal of $50 per barrel oil price would hurt American drillers, the answer came this week from oil tycoon and wildcatter Harold Hamm, who ...

The U.S. Geological Survey, the federal government’s earth sciences arm, discovered new oil and gas reserves in the Permian Basin — enough to supply the United States for 10 months. The USGS said ...

The United States has completed its first sale of Venezuelan oil, valued at $500 million, according to an administration official. Additional sales of oil are expected in the coming days and weeks, ...

Deep beneath West Texas, federal scientists say there is still a massive cache of oil and gas left to tap, enough by their estimates to keep the country running for months. Put into everyday terms, ...

President Donald Trump said Venezuelan authorities "will be turning over" between 30 and 50 million barrels of sanctioned oil to the U.S. after his administration captured the country's president and ...

President Trump’s attack on Venezuela exposed weaknesses in its China-backed defenses, a development that analysts say could shape Beijing’s thinking on the use of force against Taiwan. Photo: Evelyn ...

WASHINGTON, Jan 14 (Reuters) - The U.S. has completed the first sales of Venezuelan oil that are part of a $2 billion deal reached earlier this month between Caracas and Washington, a U.S. official ...

An Exxon Mobil refinery in Baton Rouge, La., in 2021. (Kathleen Flynn/Reuters) American oil refiners stand to be big beneficiaries if Venezuela's vast crude reserves eventually flow more freely into ...