Nearly 70% of U.S. refining capacity runs most efficiently with heavier crude, which is why 90% of U.S. oil imports are heavy ...

The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. Will it mean lower prices at the ...

Despite claims of holding the world’s largest oil reserves, Venezuela’s resources are overwhelmingly extra heavy crude that ...

Venezuela claims the world’s largest oil reserves, but most of that oil is extra-heavy, expensive to produce, and highly ...

Tony Elumelu's Heirs Energies has doubled crude oil production, increased gas output and power generation and reactivated ...

EIA's Short-Term Energy Outlook forecasts WTI will average $52 in 2026 as low prices weigh down oil production.

Meantime, with current low crude oil prices of about $60 a barrel, the industry is not incentivized to tap new sources, even ...

Crude oil futures rise for fourth week but volatile as Iran tensions fade and Venezuela resumes production. Key pivot at ...

Nigeria’s crude oil production slipped slightly to 1.422 million barrels per day (bpd) in December 2025, down from 1.436 million ...

Nigeria’s crude oil and condensate production averaged 1.64 million barrels per day in the first 11 months of 2025. This ...

Russia’s crude oil production plunged by the most in 18 months in December, pincered by western sanctions that are causing ...

February WTI crude oil (CLG26) today is up +0.71 (+1.20%), and February RBOB gasoline (RBG26) is up +0.0136 (+0.76%). Crude ...