The two countries both produce heavy oil, which is difficult to refine, and have relied historically on American refineries ...

The hedge fund could soon close its proposed takeover of the refiner—and profit from any bump in oil production from the ...

Most of the reserves in the country are extra-heavy oil that’s tough to extract and generates more greenhouse gases.

Two U.S. intelligence officials said Venezuelan officials had discussed placing Soviet-era defense systems and armed military ...

Canada and Venezuela compete in the same heavy-oil regional and global markets, so shifts in supply from Canada to Venezuela ...

Here are key facts about international oil companies in Venezuela, a country with the world's largest oil reserves thrown ...

Jan 4 (Reuters) - Venezuela's state-run oil company PDVSA has begun cutting crude production because it is running out of ...

An oil tanker chased by the U.S. Coast Guard paints a Russian flag to evade capture, raising geopolitical tensions and legal ...

Roughly 420 gallons of crude oil spilled into Sisar Creek between Ojai and Santa Paula in Ventura County. The California Department of Fish and Wildlife said Carbon California personnel got a ...

A buildup of a billion barrels of oil on the world’s oceans includes a disproportionately large amount of crude from nations subject to some kind of sanctions — a sign the measures are bringing a ...

A spike in freight rates for tankers hauling oil has prompted a wave of vessels to join the lucrative trade, with dozens of ships switching their focus from hauling products to carrying crude across ...