Venezuela is spiraling once more into an inflationary storm as new data warns that price increases could skyrocket to 530% in ...

By bnl editorial staff The Trump administration has provided a final grace period for companies to complete liquefied petroleum gas (LPG) shipments from Venezuela, extending authorisation until ...

BP Plc signed an accord with Libya’s National Oil Corp. to study reviving two huge oil fields in the African nation. The ...

Oil Majors BP and Shell have made agreements with Libya's National Oil Corp (NOC) to conduct studies for hydrocarbon ...

U.S. oil companies are shifting investments south. Exxon and Chevron have piled into the Foz do Amazonas basin—part of the ...

Venezuelan President Nicolás Maduro received five delegates from the Communist Party of China (CPC) at the Miraflores Palace ...

The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in ...

Ecuador’s state oil company, Petroecuador, has declared force majeure on its operations after both major crude pipelines, ...

Venezuela has opened the first Kalashnikov ammunition plant in the Americas, reflecting its ongoing defense ties with Russia.

The International Energy Agency's Oil 2025 outlook suggests a landscape where oil supply will grow more rapidly than demand ...

In Venezuela's oil capital of Maracaibo, a drilling frenzy has led to dozens of new wells -- but the valuable liquid being ...