Venezuela assured Beijing that its oil pricing will not be dictated by the U.S. and that Chinese investment in the South American country will remain secure.

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.

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.

Experts say there's no structure to oversee President Donald Trump's ongoing sell-off of Venezuela's oil.

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.

President Trump says India will stop buying sanctioned Russian oil as part of trade deal, but data shows shadow fleet vessels unloading the crude at its ports.

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.

Venezuela’s crude sales have surged since Washington ousted the country’s leader and eased restrictions on the nation’s oil industry. Shipping data showed January’s exports were more than 50% higher than those of the previous month,