A revitalized Venezuelan oil industry could lift production from 800,000 barrels daily back to its peak of 3 million, but the ...

WTI crude oil rallies above $62.20 resistance, targeting previous tops at $64.75 and $66.49 with bullish momentum intact.

With its Gulf Coast refinery, the company has the crude oil processing capabilities to benefit from increased access to Venezuelan oil.

Eight major participants, spearheaded by Saudi Arabia and Russia, reconfirmed the suspension — initially established in ...

Oil prices edged up on Tuesday as a massive winter storm hit crude production and affected refineries on the U.S. Gulf Coast.

The March Brent crude oil contract on the Intercontinental Exchange hit a more than four-month high of $70.35 per barrel on ...

Crude imports hit record highs, with December stockpiling estimated at 2.67 million bpd-the fastest pace since 2020-as ...

Taken together, the technical structure in Brent crude strongly favors a completed corrective phase and the early stages of a trend reversal.

Indian Oil Corporation is ready to process Venezuelan crude if supplies resume, recalling past imports. The company's robust ...

The highly complex refineries located on the U.S. Gulf Coast could resume processing heavy Venezuelan crude oil in the years following the capture of President Nicolás Maduro, possibly pushing out ...

Some 45 years ago, I worked for Oil Buyers’ Guide, a Lakewood-based publication that extensively covered world oil markets. Each summer, the company would invite scores of oil executives to come ...

GOA, India, Jan 27 (Reuters) - India's state-run Hindustan Petroleum Corp Ltd is seeking Venezuelan crude for the first time ...