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

Feb 14 (Reuters) - President Donald Trump and Israeli Prime Minister Benjamin Netanyahu agreed at a White House meeting on ...

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

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

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

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

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

The measures were installed last month by the Trump administration after the U.S. captured Nicolás Maduro and seized control ...

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

A fire at an oil refinery in Cuba has been brought under control quickly, as the country faces a deepening fuel crisis. Black ...

A fire at a key fuel refinery in the capital comes amid Cuba’s mounting fuel emergency due to US-imposed restrictions.

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