Low- and middle-income Americans, who have been squeezed particularly hard by rising prices generally over the past year, are now paying an average of around $2.80 at the pump, the lowest level since early 2021, according to the U.S. Energy Information Administration.

Oil and gasoline prices could rise slightly due to Venezuelan export losses and geopolitical uncertainty, though pump prices remain at COVID-19 lows.

The premium for high-sulphur fuel oil in Asia versus the West climbed to its highest in eight months on Friday as traders expect more Venezuelan crude and fuel oil supply to reach the United States in coming months,

As Washington moves to reshape Venezuela’s oil sector, campaign finance data shows Republicans received the vast majority of oil and gas industry election spending in 2023 and 2024.

Oil rebounds as risk premiums lift Brent and WTI, while natural gas stabilizes near $3.35 amid weak demand growth and lingering supply uncertainty.

A petroleum expert weighs in on whether the volatile situation in Venezuela is a factor in the lower gasoline prices.

The recent decline in gasoline prices is primarily attributed to surging global oil supply, softer-than-expected demand, and swelling oil inventories, rather than the pro-energy policies of any single U.S. president. Historical data shows that major shifts ...

Both ships were seized as the Trump administration has asserted that the U.S. now controls Venezuela’s oil supply, and will determine who stands to benefit from its sale, follow