Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. CARSON, CALIFORNIA - MARCH 10: In an aerial view, Marathon ...

Venezuela beats Saudi Arabia and the US to become India's third-largest crude oil supplier in May 2026. Indian refiners pivot ...

Delcy Rodríguez's India visit highlights Venezuela's growing role in Delhi's oil diversification.

Japan will invest to increase crude oil production in Alaska as part of the $550 billion (87 trillion yen) tariff agreement ...

NEW YORK, March 6 (Reuters) - (This March 6 story has been corrected to amend the source in paragraph 7) U.S. Gulf Coast heavy grades continued to surge on Friday as the Iran conflict spurred several ...

Eni (E) said Tuesday it signed an agreement Tuesday with Venezuela's oil ministry and state-run oil company PDVSA ‌to restart the Junín-5 heavy crude oil project in the Orinoco Belt. "This is one of ...

The current war in the Middle East has sent the price of oil spiking — and with it, US gas prices. Crude prices leapt over $100 per barrel on Monday. In the US, the average gas price was $3.48, up 50 ...

At the heavy equipment repair business Corey Coffey runs in Canada's oil hub, the future felt precarious when President Donald Trump returned to office last year. Last year, Trump vowed to put ...

India's crude oil imports see a significant shift this May. Venezuela has become the third-largest supplier, surpassing Saudi Arabia and the US. This surge is due to Indian refiners, like Reliance ...

The global oil market is reeling after U.S.-Israeli strikes on Iran shut the world’s biggest oil-shipping artery. But tankers are ferrying more crude from an unlikely source: Venezuela. U.S. imports ...

Global crude oil prices have slipped below $100 a barrel, but petrol and diesel prices in India continue to rise. The gap ...

Iraq has raised the June official selling price for Basrah Medium crude oil to Asia to $4.30 a barrel against the average of Oman/Dubai quotes from the May OSP of $17.30 a barrel, state-owned Iraqi ...