The Latest Breaking News from Oil

Venezuela condemned Trump's reinstated oil sanctions, warning the move is "inflicting harm on the United States, its population, and its companies."

President Trump reverses Biden's concessions with Venezuela over electoral concerns and repatriation issues.

A permit issued by the United States government allowing energy giant Chevron Corp. to pump and export Venezuelan oil will be terminated this week

Trump announced he is reversing Biden-era oil concessions to Venezuela, citing Maduro's failure to meet electoral promises and deport migrants.

Following a 9% dividend hike, Occidental Petroleum’s stock is under scrutiny.

April WTI crude oil (CLJ25 ) Wednesday closed down -0.31 (-0.45%), and April RBOB gasoline (RBJ25 ) closed down -0.0232 (-1.05%). Crude oil prices Wednesday settled moderately lower, with crude falling to a 2-1/4 month low and gasoline sliding to a 2-month low. Economic concerns weighed on crude prices Wednesday...

Kia has a problem with the 2.0-liter engine used in some Soul and Seltos models: some could have potential engine damage that could lead to a failure or a fire. As a result, 137,256 vehicles have been recalled.

Fossil fuel giant’s strategic U-turn may be far-reaching but even after ditching climate goals the shares fell

Around 13 per cent of Albertans live within 1.5 kilometres of an active oil or gas well. Given the link between oil and gas production and ill health, this leaves a significant proportion of the province’s population at risk.

Oil firm abandons plan to become net zero energy company as its CEO claims strategy went ‘too far, too fast’

There's more research than ever that microplastics harm human health and the planet