It's the new year, which means it's also time for new essentials!

It will take years and billions in investment to revitalize Venezuela’s oil industry, and energy producers will likely be cautious before stepping in. By Rebecca F. Elliott President Trump painted a ...

The world has more oil than it needs, but a drop in crude prices this week to the lowest level in nearly five years may help slow production and boost demand — potentially eating into a supply surplus ...

HOUSTON, Dec 26 (Reuters) - Oil prices settled more than 2% lower on Friday as investors weighed a looming global supply glut, while also keeping an eye on a potential Ukraine peace deal ahead of ...

Tehran, Iran — Iran seized a foreign oil tanker as it traveled the strategic Strait of Hormuz, state media said Friday. Mojtaba Ghahramani, a provincial chief of the justice department, said the oil ...