Explore the differences between shale oil and conventional oil, including extraction costs and methods, and how these impact oil market profitability.

Venezuela sits on 303 billion barrels of oil—more than Saudi Arabia. So why does it pump less than 1% of global supply? The answer involves nationalizations, sanctions and crude that's harder to ...

Syria has resumed extracting oil at fields in the country's northeast that were recently recaptured from the Kurdish-led ...

Political instability in Iran, a major oil producer, together with US President Donald Trump's recent threats against the ...

President Donald Trump has a plan for Venezuela. American oil companies will return to the country, rebuild its decaying petroleum infrastructure, and reclaim what Trump called “the greatest theft in ...

MOSCOW. Jan 13 (Interfax) - The average December 2025 price of Urals crude for calculating mineral extraction tax on oil is $39.18 per barrel, the Russian Economic Development Ministry said. This ...