A century ago, petroleum—what we call oil—was just an obscure commodity; today it is almost as vital to human existence as ...

This type of crude oil is characterized by high density and viscosity and is commonly defined by API gravity of less than 10°. The physical properties of extra-heavy crude are advantageous in many ...

U.S. crude oil inventories increased more than expected last week as U.S. production hit a record high and exports fell, according to data released Thursday by the U.S. Energy Information ...

A revitalized Venezuelan oil industry could lift production from 800,000 barrels daily back to its peak of 3 million, but the ...

Global upstream oil investment is set to fall for a second straight year in 2026. Producers prioritize capital discipline amid sub-$60 oil prices, with cuts in North America and Europe offsetting ...

Canada’s crude oil plays a steady role in keeping gas prices balanced across the border. For U.S. Midwest refineries, ...

Recent headlines surrounding Venezuela and its oil supply have raised questions across rural America, especially after the United States intervened in the country, removed a leader many viewed as a ...

China’s crude oil output increased by 1.5% from a year earlier in 2025, helping boost overall supply in the world's second largest crude consumer. National oil output increased to 216.05 million ...