Oil Rises as U.S.-Iran Tensions Escalates

Oil prices rose as fighting between the U.S. and Iran revived concerns over crude flows through the Strait of Hormuz.

Chevron, Other U.S. Firms Near Deal to Invest Billions in Venezuelan Oil Fields

The U.S. oil major is close to an agreement to add two heavy-oil fields to its portfolio in Venezuela. Halliburton is also in talks.

How Xi Jinping Turned Oil From a Weakness Into a Geopolitical Weapon