Exclusive: Valero buys Venezuelan oil cargo as part of Washington's deal with Caracas
Valero bought a cargo of Venezuelan crude oil, two sources said on Wednesday, the first deal by a U.S. Gulf Coast refiner struck as part of Washington's deal with Caracas to buy up to 50 million barrels of the South American country's crude.
Kazakhstan's CPC oil exports face new setback after force majeure at Tengiz field
Kazakhstan's CPC oil exports could remain restricted even as extensive maintenance on its primary oil export route wraps up, sources said on Wednesday, with force majeure declared at the country's largest oilfield, Tengiz, following a fire.
Indian refiner HPCL's quarterly profit jumps on lower crude prices
Indian state-run refiner Hindustan Petroleum (HPCL) reported a jump in third-quarter profit on Wednesday, supported by higher refining margins as crude prices dropped.
Massie blasts Trump for selling 'stolen' Venezuelan oil 'for his own piggy bank'
Rep. Thomas Massie criticized President Donald Trump's handling of seized Venezuelan oil, arguing the president cannot legally sell it for "his own piggy bank."
Oil Falls in Asia; U.S.-Europe Tensions in Focus
Oil fell in early Asian trading amid risk-off mood spurred by ongoing U.S.-Europe tensions over Greenland.
Peru state oil firm workers kick off three-day strike over privatization plan
Workers at Peru's state-run oil company, Petroperu, launched a 72-hour strike on Monday to protest a plan to privatize parts of the firm, though the company asserted that operations remained normal and the government has declared the walkout unlawful.
India's MRPL scouts for Venezuelan oil as it halts Russian imports
India's Mangalore Refinery and Petrochemicals Ltd is exploring purchases of Venezuelan oil as it halts imports of Russian oil to comply with Western sanctions, its head of finance Devendra Kumar said on Monday.
Oil News: Crude Oil Futures Volatile as Iran Tensions Clash with Supply Glut
Crude oil futures rise for fourth week but volatile as Iran tensions fade and Venezuela resumes production. Key pivot at $58.46 determines direction.
Oil Falls as Middle East Tensions Continue to Fade
Oil fell in the early morning Asian session as Middle East tensions continue to fade, easing worries over possible supply disruptions.
How Venezuela went from South America's richest to poorest economy despite massive oil reserves
Decades of nationalization, socialism, crony hiring and money printing turned Venezuela's oil sector into a hollow shell, shrinking output, crushing incomes and forcing a historic exodus.
Oil News: Crude Oil Futures Edge Higher as Iran Tensions Offset Supply Glut
Crude oil futures rise on Iran military strike concerns, but Venezuela supply increases may cap gains. Technical analysis shows range-bound action ahead.
Trump Wants Venezuela's Oil. History Says Tread Carefully.
Oil companies might want to look at past U.S. exploits in the region before rushing back in.
