Big oil firms will either "get reimbursed by us or through revenue," Trump told NBC News in an exclusive interview.

Most of the reserves in the country are extra-heavy oil that’s tough to extract and generates more greenhouse gases.

The capture of Venezuelan President Nicolás Maduro has reopened a question the oil market has largely sidelined for years: What changes if Venezuela’s oil industry begins to normalize under U.S. influence?

At 7 a.m., the earth began to rumble. Suddenly, oil blew out of its well in a massive eruption that towered 200 feet in the air and sprayed the fearful villagers of La Rosa.

Energy stocks rallied on Monday as investors bet the Venezuela mission would benefit the US, but analysts said there's lots of work ahead.

As Washington moves to reshape Venezuela’s oil sector, campaign finance data shows Republicans received the vast majority of oil and gas industry election spending in 2023 and 2024.

Investors look to safe-haven assets like gold and silver to limit risk from the ongoing political instability in Latin America.

Oil prices fell on Tuesday as traders weighed the prospect of higher Venezuelan crude output following the U.S. capture of President Nicolas Maduro, adding to expectations of ample global supply this year amid weak demand.