The U.S. Geological Survey, the federal government’s earth sciences arm, discovered new oil and gas reserves in the Permian Basin — enough to supply the United States for 10 months. The USGS said ...

Deep beneath West Texas, federal scientists say there is still a massive cache of oil and gas left to tap, enough by their estimates to keep the country running for months. Put into everyday terms, ...

Trump touts oil plans but outlook for gas prices is uncertain, analysts say. President Donald Trump has repeatedly touted the opportunity for U.S. companies to extract and sell oil from Venezuela, ...

President Donald Trump stated at a news conference that the United States will "get the oil flowing the way it should be" in Venezuela with the assistance of oil companies following the surprise ...

Most of the reserves in the country are extra-heavy oil that’s tough to extract and generates more greenhouse gases. By Lisa Friedman Reporting from Washington Venezuela’s oil reserves, thought to be ...

Following the dramatic capture of Venezuelan President Nicolás Maduro, the U.S. is now positioned to exert significant influence over the future of the world’s largest oil reserves. Venezuela, a ...

The United States will "get the oil flowing the way it should be" in Venezuela with the help of oil companies, President Donald Trump said in a news conference after U.S. forces snatched Nicolás ...

President Donald Trump on Saturday said the US would take control of Venezuela’s massive oil reserves and recruit American companies to invest billions of dollars to refurbish the country’s gutted oil ...

Russia’s flagship Urals crude oil slumped to about $34 a barrel in a signal that US sanctions on Moscow are having an impact. The grade in the Baltic Sea slumped to $34.82 a barrel on Friday, while in ...

Experts disagreed on whether the seizure of land and assets, on the other hand, was legal, as an international tribunal determined Venezuela had not paid proper compensation to at least one affected ...

Oil prices jumped about 3% after Trump's threatened blockade. Oil prices jumped about 3% after President Donald Trump this week threatened to blockade all sanctioned oil tankers traveling in and out ...

Venezuela may soon have to start closing some oil wells as it runs low on storage capacity following last week’s tanker seizure and US plans to block other sanctioned vessels. The country’s main oil ...