The federal antitrust suit alleges the nation's largest oil companies had acted as a "cartel" to restrain trade and deter ...

Despite geopolitical upheaval, sanctions, and military action, this South American state's proven oil reserves remain ...

Venezuela claims the world’s largest oil reserves, but most of that oil is extra-heavy, expensive to produce, and highly ...

The US capture of Venezuelan leader Maduro was a result of goals related to oil reserves, geopolitics, Chinese presence, and ...

LANSING, MI - Michigan is suing some of the biggest oil companies in the world, alleging they acted as a “cartel” to maintain ...

One of the U.S. oil lobby’s top priorities for 2026 will be trying to put an end to the growing number of state laws and ...

Oil is the cornerstone of the modern global economy. Despite attempts to divert away from fossil fuels and embrace green energy alternatives, the world marked its highest annual oil consumption in ...

Large oil companies and their primary trade association worked for decades to block the adoption of renewable energy and ...

The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. Will it mean lower prices at the ...

Oil prices fell well below $60 per barrel recently before rallying back above that key level this week, initially driven ...

Venezuela alone holds about 19% of global proven reserves. But where the country has severely lagged is production. Despite the ample oil reserves, political and economic instability and heavy ...

Energy experts say the US and China are diverging on the energy transition, with China sprinting far ahead on renewables and EVs, while the US doubles down on drilling oil at home and abroad.