Venezuela has begun shutting wells that pump extra-heavy crude in the Orinoco Belt, as the U.S. blockade is squeezing shipments and filling up storage space, sources with knowledge of the plans of ...

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SINGAPORE, Jan 4 (Reuters) - Oil prices are likely to move higher when benchmark futures resume trading later on Sunday on concern that supply may be disrupted after the United States snatched ...

President Donald Trump said Saturday that the removal of Venezuela President Nicolás Maduro from power will open the door to the country’s vast oil reserves, a move that has the potential to reshape ...

President Trump said on Monday that the U.S. government will, for now, keep the oil and two oil tankers that the U.S. Coast Guard seized off the coast of Venezuela this month. “We’re going to keep it.

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 ...

Homeland Security Secretary Kristi Noem posts video of the U.S. Coast Guard apprehending an oil tanker off Venezuela on December 20. Photo: Kristi Noem via X Cubans are going hungry, suffering from ...

US President Donald Trump told Fox News ‍on Saturday that the ‍US was ⁠going to be "very strongly involved" in Venezuela's oil ‍industry in the wake of the operation to capture Venezuelan President ...

PDVSA uses tankers for storage as onshore tanks fill up US actions deter ship owners, causing cargo backlog Chevron continues exports despite US-Venezuela tensions Dec 23 (Reuters) - Venezuela's state ...

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 ...