Oil Industry News

Oil Tanker Fleeing the Coast Guard Now Listed in Russian Ship Database

The oil tanker fleeing American forces in the Atlantic Ocean has been formally renamed and added to an official Russian database of vessels registered in that country, potentially complicating U.S. efforts to board the runaway ship. According to…

US Sanctions Oil Tankers, Companies With Links to Venezuela

The Trump administration added oil companies and tankers with ties to Venezuela to its list of sanctioned vessels, the latest effort from the federal government to exert economic pressure on the Nicolas Maduro's regime. The Treasury Department's…

Trump administration ramps up sanctions targeting Venezuela oil trade

President Trump's administration is ramping up pressure against Venezuela's oil trade, sanctioning four companies operating in the country's oil industry along with four tankers connected to the firms. The Treasury Department said Wednesday it…

US imposes sanctions on 4 Venezuelan oil firms and 4 more tankers in Maduro crackdown

WASHINGTON -- The U.S. on Wednesday imposed sanctions on four firms operating in Venezuela's oil sector and designated four additional oil tankers, which the U.S. accuses of being part of a shadow fleet serving Venezuelan President Nicolás…

Treasury expands sanctions on oil companies in Venezuela

The Treasury Department moved to expand sanctions against oil companies operating in Venezuela on Wednesday, the latest sign of the Trump administration's crackdown on President Nicolás Maduro's government. The Treasury's Office of Foreign…

US imposes more sanctions on tankers transporting Venezuelan oil

The United States Department of the Treasury has issued a new round of sanctions aimed at isolating Venezuela's oil industry, as part of President Donald Trump's pressure campaign against the South American country. The sanctions announced on…

Crew on board oil tanker being pursued by U.S. paints Russian flag on ship | TRENDING

The crew of an oil tanker under U.S. pursuit near Venezuela has painted a Russian flag on the side of the ship in an attempt to claim Russian protection, further complicating things for the U.S. Coast Guard, which has been trailing the tanker for…

U.S. Crude Oil Inventories Decline Amid Lower Imports

Oil prices log steepest annual drop since 2020

LONDON/NEW YORK: Oil prices fell on Wednesday and recorded an annual loss of nearly 20%, as expectations of oversupply increased in a year marked by wars, higher tariffs, increased Opec+ output and sanctions on Russia, Iran and Venezuela. Brent…

US imposes new sanctions on Venezuela's oil sector

The United States Department of the Treasury on Wednesday (local time) imposed sanctions on four companies operating in Venezuela's oil sector and identified four oil tankers as blocked property, according to an official release. The move is part…

Venezuela Oil Output Slows 25% in Orinoco Belt Under US Pressure

Venezuela's output from its richest source of petroleum deposits is decreasing as US forces in the Caribbean limit exports and the threat of land strikes further pressures Nicolás Maduro's regime. Oil production in the Orinoco Belt fell to…

U.S. Strikes Against Venezuela: Trump 'Wants the Oil' as Grassroots Resist 'Economic Asphyxiation'

AMY GOODMAN: At least two oil tankers have reportedly arrived in Venezuela in recent days, with other vessels navigating toward the Venezuelan coast, despite the Trump administration's blockade. Two other tankers approaching Venezuela are not under…

US targets crude oil tankers, firms in new Venezuela-related sanctions, Treasury website shows

World WASHINGTON, Dec 31 (Reuters) - ‌The United States on Wednesday imposed sanctions on ‌four companies it said were operating in ‌Venezuela's oil sector as well as associated oil tankers, as President Donald Trump's…

2025: The Year Big Oil's Investment In Trump Paid Off

As we slouch towards 2026 to see what horrors a second year of Trump bring (in general, but specifically in terms of climate and energy), we're looking back at what we wrote two days after the election about where we thought climate policy would go…

Oil Heads For Worst Annual Loss Since COVID As US Crude Production Hits Record High

Oil futures are gaining in early U.S. trade, but on track to end the year substantially lower. As Dow Jones reports, the unwinding of OPEC+ output cuts, along with higher non-OPEC production, fueled oversupply concerns in 2025, while U.S. sanctions…