A revitalized Venezuelan oil industry could lift production from 800,000 barrels daily back to its peak of 3 million, but the path will be long and costly.

Nigeria’s Bonny Light crude, the country’s premium grade, traded at about $69 per barrel, reflecting the broader rally in global

Oil prices fell on Tuesday as investors kept an eye on a resumption in supply from Kazakhstan, but price declines were limited as a massive winter storm hit ​crude production and affected refineries on the U.

Oil prices rose during trading today, Jan. 29, as geopolitical risk premiums resurfaced amid concerns that the US might launch a military attack on Ir

The American Petroleum Institute reportedly shows a draw of 247K barrels of oil in US commercial stockpiles for the week ending January 23.

Crude oil inventories in the United States decreased by 2.3 million barrels during the week ending January 24, according to new data from the U.S. Energy Information Administration (EIA) released on W

There are also concerns about what this could mean for regional oil supplies. Any escalation may pose a risk to Persian Gulf oil flows through the Strait of Hormuz, where around 20 million barrels a d

Commercial crude oil stocks decreased by 2.3 million barrels and were about 3% below the five-year average for the time of year, said the Energy Information Administration.

It is moving quickly, with great power, enthusiasm, and purpose,” Trump wrote on his Truth Social platform. “It is a larger fleet, headed by the great Aircraft Carrier Abraham Lincoln, than that sent to Venezuela.