The United States on Tuesday morning seized another oil tanker linked to Venezuela, U...

U.S. forces in the Caribbean Sea have seized another sanctioned oil tanker the Trump administration says has ties to Venezuela, part of a broader U...

US President Donald Trump US President Donald Trump has told several of the world`s major oil companies that he guarantees "total safety" in Venezuela, urging them to invest $100 billion in the South American nation`s oil industry...

U.S. forces boarded another oil tanker in the Caribbean Sea on Friday, the U...

President Donald Trump claims that his takeover of Venezuela will help Americans struggling with high energy prices...

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Energy Secretary Chris Wright talks during the second day of the 6th Partnership for Transatlantic Energy Cooperation in Athens, in 2025...

The U.S. European Command shared this image of a U...

Chinese Foreign Ministry spokesperson Mao Ning China has denounced as a "typical bullying" act Washington`s demand that Venezuela form an "exclusive partnership" in the oil sector with the United States...

The oil tanker Marinera at the Singapore Strait in March...

President Donald Trump said Venezuela will be "turning over" to the U...

A trader works on the floor of the New York Stock Exchange on Friday...

President Donald Trump`s plan to take control of Venezuela`s oil industry and ask American companies to revitalize it after capturing President Nicolás Maduro in a raid isn`t likely to have a significant immediate impact on oil prices...

Venezuela`s President Nicolas Maduro delivers a speech while holding the Venezuelan independence hero Simon Bolivar`s ‘Sword of Peru` during a military ceremony in Fuerte Tiuna, Caracas on November 25, 2025...

The Trump administration says it will be initiating formal meetings with Native American tribes in the southwestern U...

A group of countries that are part of the OPEC+ alliance of oil-exporting countries has agreed to a small boost in oil production, citing a steady global economic outlook...

The photo shows a general view of the Saudi capital city of Riyadh on February 20, 2022...

OPEC data shows Iran increased its oil production in August to an average of 3 million barrels per day...

Earlier this month, JP Morgan warned that Brent could rise to $125 per barrel...

Iran stops exports of gasoil as demand in power plants reached record levels...

A picture shows a partial view of the Msaffah industrial district in the Emiarti capital Abu Dhabi on January 17, 2022...

China’s private refiners are a main customer of Iran’s floating oil cargoes...

NIOC chief says Iran’s crude exports continue to rise as he insists proceeds are returned to the country...

Working oil pumps against a sunset sky. (Getty Images) Oil prices increased on Wednesday over worries about tight supply and a drawdown in US inventories, in spite of concerns about the possible hit to economic activity from the spread of the Omicron coronavirus variant...

South Korea’s ambassador to Iran Yun Kang-hyeon is seen in this photo while speaking in an interview with Iran’s ILNA news agency...

Iranian President Ebrahim Raeisi (Photo by President...

Photo shows Iranian Oil Minister Javad Owji and president of Azerbaijan’s SOCAR energy company Rovnag Abdullayev shaking hands before a meeting in Tehran on December 8, 2021...

An oil well works at sunrise Aug. 25, 2021, in Watford City, North Dakota...

Oil tankers at the loading terminal of the Sheskharis transshipment complex in Novorossiysk, Russia...

US President Joe Biden (File photo) US President Joe Biden has said there are sufficient supplies of petroleum worldwide so other countries can reduce what they buy from Iran...

In this file photo pump jacks operate near Loco Hills on April 23, 2020 in Eddy County, New Mexico...

Iran’s July crude output remains steady despite a major surge in production by OPEC members...

An Iranian company has begun production from an offshore oilfield in the Persian Gulf...

A huge fire that swept through heavy crude containers at Tehran oil refinery is almost under control...

A section of the BP Eastern Trough Area Project (ETAP) oil platform is seen in the North Sea, about 100 miles east of Aberdeen in Scotland, February 24, 2014...

The Goureh-Jask oil pipeline is about to carry 1 million barrels per day (bpd) of crude from Iran’s West Karun oil fields to the southeastern coast on the Sea of Oman...

Workers of the Venezuelan state oil company PDVSA wave Iranian flags as the Iranian-flagged oil tanker Forest docks at the second-largest refinery, Cardon, in western Venezuela, May 27, 2020...

A US military vehicle patrols near the Rumaylan (Rmeilan) oil fields in Syria’s Kurdish-controlled northeastern Hasakah Province, on September 17, 2020...

Sri Lanka has started repair work on the ruptured fuel oil tank in the engine room of a stricken fully loaded oil supertanker after plugging the leak, the country’s Navy said on Monday...

A Sri Lankan Navy boat sprays water on the New Diamond, a very large crude carrier (VLCC) chartered by Indian Oil Corp (IOC) that was carrying the equivalent of about 2 million barrels of oil, after a fire broke out off the east coast of Sri Lanka, on September 8, 2020...

The US Interstate Oil and Gas Compact Commission (IOGCC) has passed a resolution to investigate dumping of crude on US markets by Saudi Arabia and Russia...

This file photo taken on Sept. 19, 2017 shows protest agianst US sanctions on Venezuela during an anti-imperialist demonstration in Caracas...

A general view of the El Sharara oilfield, Libya (By Reuters) Libya’s national oil company says the United Arab Emirates (UAE) has been behind a decision by eastern-based rebel forces to hinder its latest efforts to resume crude exports for the first time in six months and re-impose a blockade on the country’s oil industry...

According to Iran’s Foreign Ministry, South Korea is about $7 billion in arrears for oil exported from the Islamic Republic...

A convoy of US armored vehicles moves in the northeastern Syrian town of Qahtaniyah at the border with Turkey on Oct...

The file photo taken from Marine Traffic shows Iran-flagged Clavel tanker...

Workers of the state-oil company Pdvsa holding Iranian and Venezuelan flags greet during the arrival of the Iranian tanker ship Fortune at El Palito refinery in Puerto Cabello, Venezuela May 25, 2020...

A worker of Venezuela’s state oil company Petroleos de Venezuela (PDVSA) waves an Iranian flag as the oil tanker Fortune docks at the El Palito refinery in Puerto Cabello, in the northern state of Carabobo, Venezuela, on May 25, 2020...

President Hassan Rouhani (R) and other government officials attend an exhibition of Iran’s achievements in Tehran in 2017...

Belarus’ President Alexander Lukashenko gives a speech during a military parade to mark the 75th anniversary of the Soviet Union’s victory over Nazi Germany in World War Two, Minsk, May 9, 2020...