Venezuela sits on 303 billion barrels of oil—more than Saudi Arabia. So why does it pump less than 1% of global supply? The ...

With the recent closure of a California oil refinery, and the planned closure of another, officials in Nevada are concerned about a potential increase in fuel prices ...

The two countries both produce heavy oil, which is difficult to refine, and have relied historically on American refineries ...

The president’s Energy and Interior secretaries are joining the effort to cajole the petroleum businesses to invest in the country’s shattered oil fields ...

Most of the reserves in the country are extra-heavy oil that’s tough to extract and generates more greenhouse gases.

Venezuela’s oil decline began years before sanctions, but sanctions still hold the key to how much production could return ...

Crude oil is never out of the news for various reasons, but it seems it has ignited yet another war. Here’s our ready ...

At 7 a.m., the earth began to rumble. Suddenly, oil blew out of its well in a massive eruption that towered 200 feet in the ...

Chevron shares jumped more than 7% in premarket trading after Venezuela cut oil output following new U.S. sanctions that ...

The US military launched 'Operation Absolute Resolve' in Venezuela, capturing President Nicolas Maduro and his wife. The ...

The White House has told companies they must rebuild Venezuela's crude-pumping infrastructure if they want compensation for ...