More Venezuelan heavy crude could also increase competition for Canada, a major supplier of heavy oil to US refineries.

The U.S. has tapped into its strategic oil reserve to help drive down rising gasoline prices in the wake of the war with Iran ...

Whether it's oil from Venezuela or somewhere else, the U.S. Strategic Petroleum Reserve needs to be refilled. The SPR is widely considered critical for energy security. We run through the challenges ...

A quiet deal with Venezuela just handed American interests control over tens of billions of barrels of proven reserves, reshaping the global energy map overnight. But the real story is what it means ...

President Donald Trump said Friday night the United States has reached an oil agreement with Venezuela, a move he said will “more than double” American oil reserves, increase oil supply and lower gas ...

The U.S. struck a deal with Venezuela to get majority control of more than 65 billion barrels of oil reserves, Trump said in a social media post.

It is unclear how quickly the Venezuela deal could provide oil for the reserve or deliver any near-term benefit to U.S. motorists.

President Trump announced a major agreement with Venezuela Friday that will allow the US to “more than double” its existing oil reserves– a move the commander-in-chief said will lower prices at the ...

Trump’s deal gives the US access to vast oil reserves in Venezuela – what we know - Trump's deal gives the United States a stake in Venezuela’s vast oil reserves - but what does that actually mean?

Venezuela is one of the most resource-rich countries on Earth, home to the world’s largest proven oil reserves, stunning ...