Venezuela is sitting on 303 billion barrels of crude, and what happens to that stockpile is critical for oil prices.

There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending gasoline under $3 a gallon at the pump in the US.

Venezuela’s oil recovery boosted India’s crude imports in 2024, the latest US attack and geopolitical risks could impact ...

Oil prices fell on Wednesday and recorded an annual loss of nearly 20%, as expectations of oversupply increased in a year ...

Long-term crude oil prices are held down by growing wage and wealth disparities, which reduce the purchasing power of the middle class and thus limit demand for oil-intensive goods and services.

It’s a routine part of car maintenance, but some drivers are shocked to see their oil change bills climbing toward $100, even without extra repairs. “It’s ridiculous," one driver told CBS News. And ...

OPEC+ has decided to increase oil production, surprising many given the soft outlook for oil prices, and potentially reversing earlier production cuts sooner than expected. The article questions ...

Venezuela’s oil reserves could shift global supply, ease inflation and influence U.S. interest rates, energy security and ...

The Trump administration is in the midst of "gradually" refilling the nation's emergency reserve of oil after it was partially drained under the Biden administration. President Donald Trump and the ...

It’s a routine part of car maintenance, but some drivers are shocked to see their oil change bills climbing toward $100, even without extra repairs. “It’s ridiculous," one driver told CBS News. And ...

When President Donald Trump took office, he promised to “unleash American energy” — and quickly left no doubt that he meant fossil fuel energy in particular. “We believe we are at a tipping point for ...