U.S. October oil production increased by 31 kb/d to 13,870 kb/d, another new record high. The largest increases came from the GOM and New Mexico, offset by a Texas drop. November production is expected to drop by 9 kb/d to 13,861 kb/d, according to the December STEO.

President Trump on Friday called on American oil companies to invest in Venezuela’s oil market — should a deal be reached with Caracas — encouraging them to “rip out the old

Environmental experts warn that U.S. plans under President Trump to restart and control Venezuelan oil exports could intensify pollution, greenhouse gas emissions and ecological damage in a country al

The total number of active drilling rigs for oil and gas in the United States rose by 1 this week, according to new data that Baker Hughes published earlier this week

Venezuela's oil production outlook this year will depend on how U.S. sanctions policy evolves, Goldman Sachs analysts said, after U.S. President Donald Trump deposed Venezuelan President Nicolas Maduro.

Political chaos, sanctions and technical mismanagement of the oil industry may have taken a heavy toll on the industry.

US President Donald Trump says US oil companies will rejuvenate Venezuela's oil industry and the US will lead the South American nation until a 'safe, proper and judicious transition' of power could o

The sale, confirmed to TIME by a Trump Administration official, is valued at $500 million. The official added that more sales are expected to be finalized in the coming days and weeks. “President Trump brokered a historic energy deal with Venezuela,