Venezuela's oil exports rose 15% to some 867,000 barrels per day in January, driven by an increase in shipments by U.S. major ...

President Hugo Chávez led celebrations of the takeover of the Orinoco Oil Belt which could convert Venezuela into the country with the largest oil reserves. "Welcome to the new PDVSA (Venezuela's ...

Venezuela's state oil company PDVSA has resumed regular imports of light crude as its own output of medium and light grades ...

The strategic partnerships operating along the Orinoco Oil Belt will continue to pay royalties of 16.66 percent and an additional 16.66 percent under the new tax, while shared risk and earnings ...

An ad hoc committee has rejected Venezuela’s attempt to annul an $8.5 billion arbitration award owed to ConocoPhillips, marking a significant victory for the oil giant in a 17-year dispute over ...

The Dune Express has been in operation for a few weeks and looks to support the oil industry in the Permian Basin.

Canada's Reconnaissance Energy Africa (ReconAfrica) has found indications of oil at its Naingopo onshore exploration well and ...

Crude oil prices remained stable today after dipping on Tuesday following the release of the Energy Information Administration’s latest Short-Term Energy Outlook. In the outlook, the EIA ...

Big Oil got its wish: Donald Trump is heading back to the White House, promising to turbocharge American fossil fuels by slashing red tape. As oil lobbyists eagerly game out how to dismantle ...

Now, with some worried about a looming oversupply of oil, producers are tightening their belt, with spending across North America expected to fall 3 percent this year, according to Barclays.