Venezuela’s government is laying the groundwork for a 50% hike in fuel prices at the pump as it braces for a decrease in ...

Venezuela is preparing to raise gasoline prices by 50% as the government confronts a looming decline in oil revenue following ...

State oil company Petroleos de Venezuela SA (PDVSA) plans to increase the price at the pump from $0.50 to $0.75 per liter. While the new pricing has already been communicated to private fuel ...

After reaching a high of $81/bbl on Jan. 15, the spot price of WTI crude fell sharply in April to below $60/bbl, the lowest ...

Fears that Israel may destroy Iranian oil facilities to deprive it of its main source of revenue have driven oil prices ...

Oil prices rose more than 1% on Wednesday, with the U.S. barring Chevron from exporting crude from Venezuela and production ...

For example, conflicts or unrest in countries such as Iraq, Venezuela, or Russia can disrupt the supply of crude oil and lead to an increase in the price of petrol. The price of petrol (or ...

Oil market participants have switched to dreading a shortage in fuel from focusing on impending oversupply in just two days ...

Oil prices have spiked on the back of a lower-than-expected OPEC+ production hike, wildfires in Canada, and rising ...