The Latest Breaking News from Oil

The US might aim to unlock the country’s reserves, but cost and political uncertainty make it look an uncertain option

Markets are reacting to what could become the largest geopolitical energy shift in decades.

Secretary of state’s role in ousting of Nicolas Maduro raises prospects of White House run as President Donald Trump’s successor – but JD Vance still in pole position

February WTI crude oil (CLG26 ) today is up +0.88 (+1.54%), and February RBOB gasoline (RBG26 ) is up +0.0192 (+1.13%). Crude oil and gasoline prices recovered from early losses today and are sharply higher after OPEC+ on Sunday stuck with its plans to pause an increase in the group's...

South American nation’s tar-like oil is what many Gulf coast facilities were built for but ramping up production to 3m barrels a day will be a long game

María Corina Machado called for law‑enforcement pressure and a Venezuelan‑led transition; Trump’s raid, custody of Maduro, and embrace of a regime insider have rewritten her script.

Maduro had just affirmed ‘strong bonds of brotherhood’ with Beijing when US made its shocking intervention

Public statements from Washington, Brussels and European capitals since the US's raid on Caracas have revealed a chasm between the two sides of the Atlantic.

Shares of major U.S. companies in the energy sector are sharply higher after President Donald Trump announced plans to take control of Venezuela’s oil industry and said American companies would revitalize it after capturing President Nicolás Maduro