Venezuela is sitting on 303 billion barrels of crude, and what happens to that stockpile is critical for oil prices.

THERE were more oil price increases than rollbacks this year, resulting in a significant net increase in pump prices. Oil ...

There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending gasoline under $3 a gallon at the pump in the US.

U.S. consumers ended the year paying the lowest price at the pump since 2020, thanks to low oil prices and increased supply.

Washington — Oil prices spiked Thursday after the U.S. announced massive new sanctions on Russia's oil industry in an attempt to get Russian President Vladimir Putin to the negotiating table and end ...

On Tuesday, Trump threatened what he called a "blockade" of all sanctioned oil tankers traveling in and out of Venezuela, ...

Motorists will be greeted with lower pump prices of petroleum products this week, but this will not be enough to offset the increases retailers have implemented so far this year.

Rollback in the prices of petroleum products is expected next week, according to the Department of Energy - Oil Industry Management Bureau (DOE-OIMB) on Friday. DOE-OIMB assistant director Rodela ...

Prices of petroleum products are expected to decline marginally at the pumps from today, December 16. The projection is contained in the latest outlook report by the Chamber of Oil Marketing Companies ...

Oil companies will lower their pump prices on Tuesday, December 23, as global markets reacted to a looming oil oversupply. Shell, Seaoil, Cleanfuel and Petrogazz said that gasoline prices will go down ...