The Latest Breaking News from Oil

Indigenous opposition to oil drilling in the Amazon raises concerns about environmental impact and Indigenous rights in Brazil.

Global markets stabilize as oil prices and the US dollar find balance. Tech earnings reports are awaited for market direction.

Rolling coverage of the latest economic and financial news

US reimposes oil sanctions on Venezuela amid doubts about upcoming elections, escalating tensions in the South American country.

US revokes Venezuela's oil export license, impacting economy and prompting search for new markets.

China increases crude oil storage capacity to secure energy reserves amidst global uncertainties.

Foreign minister warns of environmental catastrophe in Baltic Sea as he accuses Moscow of using unseaworthy vessels

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The United States said Wednesday it will snap back sanctions on Venezuela's crucial oil industry after President Nicolas Maduro's government continued its repression of opponents.