Crude oil inventories increased by 3.4 million barrels to 422.4 million barrels last week as imports rose, said the U.S. Energy Information Administration.

Crude oil inventories in the United States increased by 3.4 million barrels during the week ending January 14, according to new data from the U.S. Energy Information Administration (EIA) released on W

President Donald Trump announces Venezuela will move 30-50 million barrels of oil worth $2.8 billion to U.S. after former President Nicolás Maduro's capture by American forces.

Only U.S.-bound tankers of crude have left the oil-exporting country since the arrest of Nicolás Maduro, a new report says.

Crude oil stockpiles, reserves of unrefined petroleum, help stabilize oil supply and demand. Explore their impact, how they're measured, and why they matter.

Venezuela alone holds about 19% of global proven reserves. But where the country has severely lagged is production. Despite the ample oil reserves, political and economic instability and heavy international sanctions have gotten in the way of maximizing production.

The timing of Indonesia's launch of its B50 biodiesel mandate, which blends 50% palm oil-based fuel with diesel, will be subject to the price gap between crude oil and crude palm oil, a senior official said on Tuesday.