Key Takeaways Venezuela's collapse in oil production stems from nationalizations that drove out technical expertise, ...

Gasoline and heating oil both come from the same barrel. But the latter is more expensive, and there are a few reasons for ...

As the average price of regular gasoline in the Scranton/Wilkes-Barre/Hazleton metro area dipped under $3 a gallon, industry ...

Nearly 70% of U.S. refining capacity runs most efficiently with heavier crude, which is why 90% of U.S. oil imports are heavy ...

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

The companies that turn oil into gasoline and diesel are likely to benefit more, right away, than the businesses that pump ...

Venezuela is a unique case in the global energy landscape. By the country’s own estimates, it possesses the world’s largest ...

First, the country must kick out China, Russia, Iran, and Cuba and sever economic ties, the sources said. Second, Venezuela ...

Trump vows to tap Venezuela’s oil, but political and investment hurdles mean effects on U.S. gas prices will be slow to ...

The industry has long prioritized projects with quick and reliable payback. Trump is pushing for a return to risk.

U.S. oil companies’ planned $100 billion investment to restore Venezuela’s oil infrastructure is aimed at stabilizing future ...

Despite holding nearly 20% of the world's proven oil reserves, Venezuela pumps less than a percent of global crude. The ...