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The United States appears ready for war with Venezuela, a prospect that Venezuelan President Nicolás Maduro this weekend attributed to America’s desire to control the country’s vast oil reserves.

Venezuela’s oil crisis goes far beyond a simple problem of low prices and threatens the world’s supply of oil because of mismanagement of the country’s state-run oil company, a new report from ...

It's easy to look back at the Oil Crisis pessimistically. On the one hand, it's easy to argue that American car culture really peaked in the muscle era. We still put late-sixties Dodges, Fords, and ...

Immediately after Israel attacked Iran earlier this month, crude oil prices spiked up — exactly like you'd expect with a war that threatens oil supplies. The price increase was substantial: 7% within ...

Lawmakers in Tehran have voted to cut off vital shipping lanes through the Strait of Hormuz - Space Frontiers/Getty Images Iran has been warned that shutting a major oil “choke point” in the Middle ...

Libya's crude oil exports have fallen significantly due to a political standoff over the leadership of the country's central bank. UN-mediated talks between rival Libyan governments have yet to yield ...

From the start, Germany fought a global war with only a fraction of the oil it needed. Synthetic-fuel production, new ...

You’ve heard the reasons for high oil prices: instability in the Middle East, booming demand in China and India, the sagging dollar. Now add another one to the list: Engineers. The world doesn’t have ...

Oil prices remained flat on Wednesday after a 4% drop due to easing concerns about potential disruptions in Iranian oil supply. The International Energy Agency (IEA) lowered its 2024 oil demand growth ...