Two international oil majors are closing in on the first big oil production deals in Venezuela since the U.S. capture of Maduro in January.

The cuts signal a broader storage crisis that poses new risks to the global market.

The widening Iran war has upended oil production and shipping across the Middle East, straining energy supplies worldwide. Those disruptions caused oil to spike Monday, only for it to swiftly fall ...

Brent oil prices could spike above $100 per barrel if the Gulf Arab countries run out of storage space and shut down production, according to JPMorgan.

Gulf Arab oil producers are cutting production as they run out of storage space because they can't export through the Strait of Hormuz ...

A ​drop in ⁠Iraq's oil production and exports is set to strain the country’s already fragile finances, as the state relies on crude sales for nearly all public spending and more than ⁠90% ​of its ...

The price of oil surged more than 15% Monday, as the effects of the Iran war hit markets worldwide and stoke fresh worries about inflation.U.S.

The U.S. Department of Justice issued a legal opinion on Tuesday that President Donald Trump could order Sable Offshore Corp.

The Department of Justice issued an opinion this week stating that the Trump Administration can use a Cold War-era ...

Mexican state-owned oil company Pemex said its seven domestic refineries processed an average of 1.014 million b/d of crude oil in 2025, up 12% from 2024, marking the first time since 2015 that annual ...