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 ...

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

Venezuela was loading crude only for U.S. major Chevron on Tuesday, while operations by state-run oil firm PDVSA to load ...

Chevron has quietly turned Venezuela into one of its busiest export hubs again, loading crude onto tankers at the fastest ...

Two Chinese-flagged supertankers, initially set to head to Venezuela to load crude oil intended as debt repayment from ...

OPEC Output Falls on Geopolitical Risk. Trump’s maritime blockade of Venezuela and tighter US sanctions on Iran have lowered ...

January WTI crude oil (CLF26) today is up +0.57 (+1.02%), and January RBOB gasoline (RBF26) is up +0.0134 (+0.79%). Crude oil and gasoline prices are rising today amid heightened geopolitical risks in ...

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