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 ...

The United States has completed its first sale of Venezuelan oil, valued at $500 million, according to an administration official. Additional sales of oil are expected in the coming days and weeks, ...

When President Trump announced the capture of former Venezuelan President Nicolás Maduro and his wife on Saturday, he justified the military operation in part by framing it as a move to recover assets ...

“No one was paying any attention to Venezuelan oil two weeks ago,” a longtime oilman said to me the other day, “but now everyone is.” Donald Trump made that happen. Following the dramatic seizure of ...

Oil prices barely budged after the U.S. ousted Venezuela’s Nicolás Maduro and President Trump pledged billions to revive the country’s oil infrastructure. WSJ’s David Uberti breaks down the market ...

Alain Sherter is a senior managing editor with CBS News. He covers business, economics, money and workplace issues for CBS MoneyWatch. The U.S. strike on Venezuela has renewed focus on the country's ...

President Trump said Sunday that he spoke to oil companies ahead of the operation in Venezuela and claimed they’re eager to revitalize the industry in the South American nation. Reporters on Air Force ...

The White House had pointed to drug trafficking and migration as reasons to crack down on Nicolás Maduro. But oil emerged as central to President Trump. By Anton Troianovski Reporting from Washington ...

Tanker seizures risk removing up to 500,000 barrels per day of Venezuelan supply if storage constraints force production shut-ins. Venezuelan heavy sour crude is difficult to replace, creating ...

The United States is pursuing an oil tanker off the coast of Venezuela, according to multiple reports, just a day after the Coast Guard seized a different tanker in the same waters amid a rapid U.S.

U.S. crude fell to the lowest levels since early 2021 this week, as traders see a potential peace agreement in Ukraine bringing Russian crude back to a well supplied market. But President Donald Trump ...

Oil prices on Tuesday dropped to their lowest point since 2021. U.S. benchmark West Texas Intermediate was trading at about $55 per barrel, according to Business Insider’s tracker. That’s down from ...