Much like the automobile industry, the oil industry has a long history of consolidation, with smaller companies gradually ...

Oil industry executives have voiced that reviving Venezuela's oil production will be a long and costly process. Companies will need stable, legally defined frameworks, security for investments, and ...

American Petroleum Institute (API) CEO, Mike Sommers, alongside other industry leaders like TotalEnergies' (NYSE:TTE) Patrick Pouyanne, have warned that reviving Venezuela's oil industry will be a ...

Shell is assessing pre-qualification responses from bidders battling to provide the company with a 150,000 barrels per day floating production, storage and offloading vessel for its long-delayed Bonga ...

At the American Petroleum Institute’s annual State of American Energy event, API President and CEO Mike Sommers framed the coming decade in blunt terms: energy demand is rising fast, and pretending ...

Investing.com -- U.S. crude oil futures were unchanged on from post-settlement levels Tuesday after the American Petroleum Institute reported a much larger build in U.S. weekly crude supplies. Crude ...

The US Treasury may soon issue a sanctions-release notice, potentially enabling US companies to invest in Venezuela's oil sector, but political and legal reforms would be needed to ensure security and ...

The American Petroleum Institute supports the Environmental Protection Agency's proposal to repeal the ⁠foundation of greenhouse gas regulations for vehicles but not for power plants and other ...

President Trump wants U.S. oil companies to return to Venezuela in a big way. S&P Global Vice Chairman Daniel Yergin explains why formidable challenges lie ahead. A: Venezuela holds the largest oil ...

The stunning U.S. military operation that toppled Venezuelan President Nicolás Maduro has suddenly put the global oil world on high alert, and energy stocks in the spotlight. Venezuela isn’t just any ...