ExxonMobil's third quarter 2025 earnings were substantially supported by its growing production in Guyana's Stabroek Block, offsetting the impact of softer global oil prices. The Stabroek Block, a world-class asset containing at least 11 billion barrels of ...

Oil markets are entering a new phase of uncertainty after the U.S. joined the war between Iran and Israel, with experts warning of triple-digit prices. Stream NBC 5 for free, 24/7, wherever you are. Investors are closely watching for Tehran's reaction ...

The oil market is grappling with whether sanctioned Russian and Iranian cargoes should still be counted as supply. This may explain why oil prices have been slow to react to a huge glut that is building on the ocean. There are 1.4 billion barrels of oil ...

Venezuela holds the worlds largest proven oil reserves, surpassing Saudi Arabia with around 303 billion barrels of crude oil.

Neither investors nor industrial buyers can get enough of the precious metal, while a glut of crude has swamped energy markets and depressed fuel prices.

Oil prices took a plunge earlier this year. WTI, the primary U.S. oil price benchmark, fell from its peak at above $80 a barrel to a low point of around $60 a barrel due to concerns that President Donald Trump's tariff plan would slow the economy and sap ...

Brazil set a new production record in June 2025, lifting 4.9 million BOE/day, with crude output alone hitting 3.8 million barrels per day. Petrobras plans $111 billion in investments through 2029, with $77 billion directed to upstream projects and 10 new ...

The last effort of negotiations with Iran likely to fail, and the US is likely to enter the war by bombing the Fordow nuclear site. Iran is likely to retaliate by targeting regional energy infrastructure and blocking the Strait of Hormuz. Thus, the price ...

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