crude oil

There’s been a long-standing synergy when it comes to the U.S. and Canada around oil. But the seizure of Venezuelan oil by the United States has thrown a bit of a wrench into the future of that relationship.

U.S. consumers ended the year paying the lowest price at the pump since 2020, thanks to low oil prices and increased supply.

Many Gulf Coast refiners have a stake in the future of Venezuelan oil exports, as they've spent billions to process the country's heavier crude.

The U.S. is up, OPEC is down.

Lower crude prices usually mean lower gas prices — but pressures on refineries, including drone attacks on Russian refineries, mean that consumers might not see as much benefit.

Leaders of Russia, China and India met on Monday to show a unified front in light of U.S. trade policies

The United States exported a record 31 quadrillion BTUs of energy last year, about 30% of total domestic energy production.

Conditions favor Gulf Coast and Midwestern refineries over those based on the East and West coasts.

Oil production looks like it could be plateauing. Natural gas, not so much.

There are thousands of abandoned wells across the country, and governments are often forced to pick up the cost of plugging them.