Nearly 70% of U.S. refining capacity runs most efficiently with heavier crude, which is why 90% of U.S. oil imports are heavy ...

Venezuela has the largest share of oil reserves in the world but hasn't been producing or refining it. See the charts.

U.S. forces in the Caribbean Sea have seized another sanctioned oil tanker that the Trump administration says has ties to ...

Environmental experts warn that U.S. plans under President Trump to restart and control Venezuelan oil exports could ...

President Trump is pressuring U.S. oil companies to increase oil production in Venezuela to lower gas prices, but oil-company ...

Lower oil prices are expected to cut U.S. drilling activity and reduce output by 1% this year from the top producing country, ...

The Veronica is the sixth sanctioned tanker seized by US forces as part of the effort by Trump’s administration to control ...

A Canadian tycoon who heads one of North America's fastest-growing oil companies is advocating for his country to lend its ...

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 ...

President Trump on Friday called on American oil companies to invest in Venezuela’s oil market — should a deal be reached ...

The billionaire Batista brothers are eyeing a billion-barrel Venezuelan oil project that stands to benefit from US President ...

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