The Latest Breaking News from Oil

From 1999 onwards, successive governments pursued a strategy linking foreign policy, state financing and the management of the country's main industry. The result was a network of bilateral alliances that channelled much of Venezuela's crude outside conventional buying and selling circuits.

Venezuela is not a major EU trade partner. Spain dominates trade, accounting for 55% of the total volume. Given Venezuela’s large proven crude oil reserves, the EU closely monitors political developments in the country.

Soybeans posted Monday losses of 7 to 15 ½ cents across most contracts, as some back months were slightly higher. The cmdtyView national average Cash Bean price was 13 1/4 cents lower at $9.76 1/2. Soymeal futures were a pressure factor, down $3.10-5.40, as Soy Oil futures were up 32...

When I worked as a mechanic, I realized that most drivers only know that they need to change their oil on a regular basis. But your vehicle relies on more than just motor oil to stay in healthy, running order. Neglecting the other fluids in your car can lead to…

Venezuela's interim leadership publicly reaffirmed its relationship with Cuba after U.S. President Donald Trump said Washington had ended the flow of Venezuelan oil and financial support to the island.

Exxon Mobil CEO Darren Woods' emergence as an unofficial industry spokesman has put him at odds with Trump with his frank talk over Venezuela.

February WTI crude oil (CLG26 ) on Monday closed up +0.38 (+0.64%), and February RBOB gasoline (RBG26 ) closed up +0.0132 (+0.74%). Crude oil and gasoline prices settled higher on Monday, with crude posting a 5-week high. Monday's dollar weakness (DXY00 ) is bullish for energy prices. Also, rising tensions...

He seems to be taking on a new responsibility.

Scientists studying Jurassic rocks in China found that cyclical changes in Earth's orbit affected not only the climate, but also the development of shale oil reserves.