To learn more about the CNBC CFO Council, visit cnbccouncils.com/cfo Venezuela will need massive foreign investment and years of infrastructure rebuilding to lift ...

India’s largest state-owned refiner, Indian Oil Corporation (IOC), has boosted purchases of crude oil from ?West Africa and the Middle East, as New Delhi steers clear of Russian crude in the wake of ...

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. Crude oil inventories in the United States decreased by 2.3 ...

U.S. crude oil inventories fell last week as imports declined and exports rose, according to data released Wednesday by the U.S. Energy Information Administration. Commercial crude oil stocks ...

Feb. 4 (UPI) --Petróleos Mexicanos, Mexico's state-owned oil company known as Pemex, announced Wednesday a $24.7 billion investment program to increase and sustain crude oil production under a plan ...

The best answer is China, which saw storage flows surge in December, resulting in a surplus of more than 1 million barrels per day for 2025. Sign up here. China's surplus of crude oil jumped to 2.67 ...

Crude oil futures turned higher Tuesday, supported by concerns over U.S. production losses brought on by winter storm Fern as well as possible supply disruptions in Iran as U.S. naval assets arrived ...

At India Energy Week 2026 in Goa, Indian Oil shared its vision for India’s clean and secure energy future, with a strong focus on hydrogen, affordability and Atmanirbhar Bharat. Speaking on Day 2 of ...

US demand for imported fuel oil is expected to decline European fuel oil cracks weaken further Valero, Phillips 66 buy Venezuelan oil cargoes Iraqi fuel oil exports to the USGC rose between 2019 and ...

Oil prices hit their highest since late September on ‍Wednesday after a winter ‍storm disrupted U.S. crude output ‍while a weak U.S. dollar and continued Kazakh outages lent further support. At 1017 ...

Despite the daily hour-long blackouts and gasoline rationing in Cuba, the island’s government sold most of the subsidized oil it received from Venezuela last year, a senior U.S. government official ...