PDVSA, Venezuela’s state-owned oil company, shut down oilfields as rising onshore stocks and a lack of diluents prevented blending heavy crude for export. (AFP pic) Venezuela’s state-run oil company ...

Venezuelan state-run oil company PDVSA has begun cutting crude production because it is running out of storage capacity due to an ongoing US oil blockade that has reduced exports to zero, piling more ...

The OPEC country's oil exports, its main source of revenue, are now at a standstill following a US blockade on tankers under sanctions and the seizure of two oil cargoes Venezuela’s state-run oil ...

India's manufacturing purchasing managers’ index (PMI) fell to 55.0 in December from 56.6 in November, marking the weakest improvement in the health of the sector in two years. The decline was driven ...

News-driven FX Trading: How to Trade Events Like the FOMC, CPI, and NFP OPEC+ has ramped up output by 1.37 million bpd, pressuring U.S. exports and weakening light sweet crude oil demand. WTI-Midland ...

The Organisation of Petroleum Exporting Countries and its allies, OPEC+, have agreed to pause their planned oil supply increases through the first quarter of 2026, opting to maintain current ...

MIAMI, Jan 3 (Reuters) - Venezuela is unlikely to see any meaningful boost to crude output for years even if U.S. oil majors do invest the billions of dollars in the country that President Donald ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor ...