The Justice Department has filed a complaint to legally take ownership of a sanctioned tanker and nearly 2 million barrels of ...

President Trump says India will stop buying sanctioned Russian oil in trade deal, but data shows shadow fleet vessels on the ...

Canada and Alberta are now aligned on expanding oil export capacity, backing a new pipeline to the West Coast to ship up to 1 million bpd to Asia and reduce reliance on the U.S. The expanded Trans ...

Crude oil futures recovered some of the previous session's sharp losses Tuesday, after U.S. military forces shot down an Iranian drone that "aggressively" approached the aircraft carrier USS Abraham ...

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 ...

NEW YORK, Feb 13 (Reuters) - Valero Energy (VLO.N), opens new tab is set to buy up to 6.5 million barrels of Venezuelan crude in March bound for its Gulf Coast refineries, making it the top foreign ...

Chevron’s flagship Gulf Coast refinery is processing its first Venezuelan oil shipment since the U.S. capture of Nicolás Maduro in Caracas last month, turning heavy, tar-like crude into gasoline, ...

In Mississippi, neighbors of a Chevron plant worry that an influx of Venezuelan oil could increase pollution. They want the company to pay to move them out. By Hiroko Tabuchi When Venezuelan oil is ...

WASHINGTON, Feb 3 (Reuters) - The U.S. Transportation Department on Tuesday approved a license for oil transportation and storage company Sentinel Midstream's planned deepwater oil export project off ...

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