Oil prices fell more than 1% on Friday and were headed for their first monthly drop since November, as markets braced for Washington's tariff threats and Iraq's decision to resume oil exports from the Kurdistan region.

President Trump appears to be revoking a license that the Biden administration gave Chevron in 2022, potentially hurting the company and Venezuela.

Maria Corina Machado, the most prominent figure in the country’s opposition movement, argued the measures are needed to stop government repression.

U.S. President Donald Trump's cancellation of licenses for foreign oil companies to operate in sanctioned Venezuela will reduce the dollars on offer in the country's exchange market, stoking depreciation of the local bolivar currency and prices,

Congress sent to President Donald Trump's desk a repeal of a fee on excess methane emissions from oil and gas production

The Senate voted Thursday to repeal a new US fee on climate-warming methane emissions from oil and gas producers, sending the measure to the White House for President Donald Trump’s signature.

Republicans in both chambers Thursday continued their onslaught against late-stage Biden administration regulations, and new House votes are already set for next week. The Senate — along party lines — approved a resolution of disapproval against EPA’s rules implementing a methane leak fee on the oil and gas industry from the Democrats’ 2022 climate law.