Despite Trump’s pledge to hand U.S. firms control over Venezuelan oil sales, major oil companies remain wary due to extreme political risk. Venezuela’s oil is mostly extra-heavy crude from the Orinoco ...

HOUSTON, Jan 7 (Reuters) - Oil prices settled lower for a second straight session on Wednesday as investors digested U.S. President Donald Trump's deal to import up to $2 billion worth of Venezuelan ...

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. China underpinned oil prices in 2025 by aggressively stockpiling crude.

President Donald Trump’s Venezuela policy showed signs of taking effect this week as the country reopened oil wells closed under a U.S. embargo and restarted crude exports, according to Reuters. Two ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. FREEPORT, TEXAS - JANUARY 14: The Nave Photon crude oil tanker is ...

Ban targets services aiding Russian oil exports, hitting Greece, Cyprus, Malta 20th sanctions package supersedes G7 price cap Aim is to pressure Russia into peace talks, von der Leyen says New bans on ...

In its latest STEO, the EIA projected that total U.S. crude oil production will drop in 2026 and 2027. In its latest short term energy outlook (STEO), which was released on January 13, the U.S. Energy ...