Most of the country's oil is extra-heavy crude from the Orinoco Belt, which requires more energy to extract, transport and refine than lighter grades. The crude is also sour, meaning it contains high ...

Freight rates for tankers to ship Urals crude from Russia’s western ports to India have risen this month, as bad weather made ...

The country is estimated to have diverted the equivalent of about 6% of oil exports usually shipped via the Caspian Pipeline ...

Federal licensing of offshore deepwater port facilities will shift to the U.S. Maritime Administration, a change intended to ...

Chris Wright, the U.S. Energy secretary, said Thursday that?U.S. The price of?Venezuelan?crude oil is 30% higher than what Venezuela paid before U.S.

Geopolitical risk premiums are rising, with protests in Iran, tanker attacks in the Black Sea, and sanction risks now ...

The Organization of the Petroleum Exporting Countries expects world oil demand to grow at a steady pace in 2027 in its first outlook for the year.

The attacks risk further disrupting loadings at CPC, where planned shipments have already plunged due to bad winter weather ...

China's steel exports hit a record monthly high in December, fuelled by front-loading driven by Beijing's announcement of an ...

The WTI-Brent spread widened by 21% last week, the largest weekly change since June 2025. Traders ‌typically seek a $4 ...

Two oil tankers were attacked near the Black Sea loading terminal for the Caspian Pipeline Consortium, the latest significant ...

Three Greek-managed oil tankers were hit by unidentified drones in the Black Sea on Tuesday as they were on their way to load ...