President Donald Trump said he believes the U.S. oil industry could get expanded operations in Venezuela "up and running" in fewer than 18 months. "I think we can do it in less time than that, but ...

Alain Sherter is a senior managing editor with CBS News. He covers business, economics, money and workplace issues for CBS MoneyWatch. The U.S. strike on Venezuela has renewed focus on the country's ...

The United States will "get the oil flowing the way it should be" in Venezuela with the help of oil companies, President Donald Trump said in a news conference after U.S. forces snatched Nicolás ...

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 ...

Note: Data shows estimates of proven oil reserves for 2025. Source: Oil & Gas Journal. The New York Times By Stanley Reed Reporting from London Venezuela’s oil industry would “make a lot of money” ...

Tehran, Iran — Iran seized a foreign oil tanker as it traveled the strategic Strait of Hormuz, state media said Friday. Mojtaba Ghahramani, a provincial chief of the justice department, said the oil ...

The United States is pursuing an oil tanker off the coast of Venezuela, according to multiple reports, just a day after the Coast Guard seized a different tanker in the same waters amid a rapid U.S.

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 ...

President Trump said Wednesday that Venezuela must pay for the oil assets previously seized by the South American nation, as tensions rise over the U.S. military’s action in the Caribbean. “You ...

U.S. crude fell to the lowest levels since early 2021 this week, as traders see a potential peace agreement in Ukraine bringing Russian crude back to a well supplied market. But President Donald Trump ...

SAN ANTONIO — A police department in Bexar County is warning drivers not to "let your guard down" after credit card skimmers were found on three pumps at a local gas station. Authorities in Hollywood ...

China’s latest oil import data has been rather bullish, with November imports rising 5% year on year. Not only that, but China is building new storage capacity, so it can keep buying more crude, ...