BofA analyst Jean Ann Salisbury lowered the firm’s price target on Phillips 66 (PSX) to $147 from $156 and keeps a Buy rating on the shares.

The new officials sanctioned include the recently appointed head of Venezuela's state oil company PDVSA, Hector Obregon, and ...

BofA says that while Trump decisions could move the needle for specific stocks, the firm reiterates cautious stances on both oil macro and ...

Venezuelan President Nicolás Maduro on Friday will face more international rebuke than at any time in his 12 years in power ...

Dragging up government borrowing costs across the world, the new year spike in long-term U.S. Treasury yields is flashing red ...

TOKYO (Reuters) - Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened, while data showing an ...

Amid the energy crisis of the 1970s, President Jimmy Carter hoped to reduce America's dependence on foreign oil.

Jimmy Carter described a spiritual “crisis of confidence” that could “destroy the social and the political fabric of America.

Drivers are set for a boost at the pump in the new year as economists predict Donald Trump’s plans to ramp up US oil ...

During the high point of the Organization of the Petroleum Exporting Countries (OPEC) oil embargo, dreams of energy ...

Vandana Hari, founder of Vanda Insights, says that the cartel does not have "the bandwidth to prop prices much higher." ...

CEIC reported that the average rate between 1980 and 2023 is 479,805 bpd, drawing on figures from oil exporting group Opec. The all-time high was 1.25m bpd in 2007, with the low at 181,600 bpd in ...