The United States has revoked licenses for several international oil and gas companies to operate in Venezuela, impacting ...

US revokes oil companies' licenses in Venezuela despite sanctions, impacting Chevron, Repsol, Eni, Reliance Industries, and ...

Trump, who is seeking to force out authoritarian President Nicolas Maduro, has also announced plans for 25 percent tariffs on ...

The U.S. Geological Survey has released a new assessment that concludes there are47 million barrels of oil and 876 billion ...

A Repsol representative said to Reuters on Monday that the US government has canceled the company's authorization to import ...

This decade, the IEA, created in response to the Arab oil embargo in the 1970s, has veered toward advocating for and promoting clean energy investments and transition and has often expressed ...

South Sudan's First Vice President Riek Machar has accused Uganda of violating a United Nations arms embargo by entering the ...

Turkey has begun diversifying its oil supply away from Russia, significantly reducing Russian crude imports and sourcing oil ...

Chevron operated in Venezuela under special permits that the US Office of Foreign Assets Control (OFAC) granted in November 2022, after the United States imposed an oil embargo in 2019.

The SPR was created in 1975 in the aftermath of the 1973 Arab oil embargo and is intended to blunt the impact of supply disruptions, such as hurricanes or war in producer countries. Trump has ...