The US president wants American energy firms to start extracting the crude but they are reluctant.

A two-acre Los Angeles oil drill site near the St. Vincent Elementary School in University Park, had been releasing noxious ...

Oil prices were little changed on Friday after falling in the previous session, on receding concerns of an Iranian conflict.

The U.S. eased sanctions on Venezuela's energy sector on Friday, issuing two general licenses that allow global energy ...

Broken pumps, rusted pipes, ghost towns mark Venezuela's once vibrant oil hub. It will cost billions to restore the industry.

By Arathy Somasekhar and Marianna Parraga HOUSTON, Feb 13 (Reuters) - Venezuela's state-run oil company PDVSA has refused to ...

Crude oil futures settled the day slightly higher, but still finished the week losing ground.

The South American country has natural gas that could be extracted and exported quickly, but U.S. sanctions, which are now ...

Here's what the energy giant thinks about drilling for Venezuela oil.

Oil prices fell sharply after a massive U.S. inventory build and a downgraded global demand forecast reinforced concerns ...

Global supply is now projected to grow by 2.4 million barrels a day this year, with growth evenly split between OPEC+ and non-OPEC+ producers.

Britain’s aggressive taxation and regulatory stance toward oil and gas have accelerated the decline of its North Sea industry, raising urgent questions about energy security, investment flight, and ...