In March 2001, the P36 oil platform suffered a chain of failures that began with a sealed tank, untrained contractors, and a buildup of gas no one noticed in time. When the tank ruptured, compressed ...

BP reports fourth-quarter results Tuesday before the market opens, with investors focused on whether the energy giant can sustain shareholder returns as crude prices slump and a leadership transition ...

Magnolia Oil & Gas Corp. reports fourth-quarter results Thursday after the market close, with investors focused on whether operational momentum in the company’s core Giddings field can offset ...

The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. — a shipment the president valued at $500 million. It's part of the administration's push to tap into ...

When President Trump announced the capture of former Venezuelan President Nicolás Maduro and his wife on Saturday, he justified the military operation in part by framing it as a move to recover assets ...

The oil market is under pressure this year as OPEC+ members have rapidly ramped up production after years of output cuts. Investors are also pricing in lower geopolitical risk on a possible peace ...

The South American country increasingly at odds with the Trump administration has the world’s largest oil reserves. Note: Data shows estimates of proven oil reserves for 2025. Source: Oil & Gas ...

The 2026 Index NOPR was issued approximately four months after it normally would have been issued. It proposes an index of PPI-FG minus 1.42% for the period July 1, 2026 to June 30, 2031. The 2026 ...