California sued the federal government Friday for approving a Texas-based company's plans to restart two oil pipelines along the state's coast, escalating a fight over the Trump administration's removal of regulatory barriers to offshore oil drilling for the first time in decades.

Trump’s fixation on hiking oil volumes from OPEC and Venezuela to lower prices at the pump is leaving U.S. oil producers annoyed with weak domestic pricing and drilling activity.

By Shariq Khan NEW YORK, Jan 23 (Reuters) - Oil prices rose to their highest in more than a week on Friday after U.S. President Donald Trump ratcheted up pressure against Iran through more sanctions on vessels that transport its oil,

A Russian oil tanker was intercepted between Spain and Morocco as western powers intensify efforts to disrupt Moscow's sanctions-evading shadow fleet operations.

Venezuela's legislature advanced a bill on Thursday to loosen state control over the country's vast oil sector, the first major overhaul since parts of the industry were nationalized in 2007.

Despite geopolitical upheaval, sanctions, and military action, this South American state's proven oil reserves remain colossal.

The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. Will it mean lower prices at the pump?

Dollars are trickling back into Venezuela, they’re the proceeds from the oil seized and by the U.S. That is helping to stabilize runaway prices in Venezuela—at least on paper. But for ordinary shoppers in Caracas,

Energy Secretary Chris Wright said Thursday the United States will not provide on-the-ground security to oil companies operating in Venezuela as part of efforts to revitalize the country’s energy industry.

Oil futures settled higher in choppy rangebound trade, helped by rising winter fuel demand and easing tensions between the U.S. and Europe over Greenland.