Carole Nakhle, CEO of Crystol Energy, weighs in on the steep plunge in oil prices on Monday, and how a de-escalation in US-Iran, potential supply from Venezuela, and the OPEC producer block's decision to keep output unchanged all feed into the market action.

After weeks of anticipation, the Office of Foreign Assets Control is authorizing certain transactions involving Venezuelan-origin oil by

Iran faces rising logistical expenses—from ship-to-ship transfers to tanker reflagging—meaning it pays more just to sell each barrel.

By Timothy Gardner and Marianna Parraga WASHINGTON, Jan 29 (Reuters) - The administration of President Donald Trump lifted some sanctions on Venezuela’s oil industry on Thursday to make it easier for U.

A revitalized Venezuelan oil industry could lift production from 800,000 barrels daily back to its peak of 3 million, but the path will be long and costly.

US president’s statement comes day after Indian Premier Modi spoke to Venezuelan interim leader, with 2 sides vowing to deepen ties - Anadolu Ajansı

The United States is seeking to supply Venezuelan oil as part of its efforts to reduce revenue sources for Russia and force it to end the war in Ukraine.

Oil futures recovered part of the previous day’s losses as India was expected to curtail purchases of Russian crude under a trade deal with the U.S.