As defined by the U.S. Geological Survey (USGS), heavy oil is a type of crude oil characterized by an asphaltic, dense, viscous nature (similar to molasses), and its asphaltene (very large ...

Oil prices rose more than 2% on Wednesday, supported by a large draw in U.S. crude stockpiles and potential supply disruptions caused by new U.S. sanctions on Russia, while a Gaza ceasefire deal ...

Sweeping US sanctions on Russia’s oil industry are unlikely to result in a “large hit” to production, as higher freight rates ...

Crude oil continued to rally on Tuesday to reach a high of 72.27. Gains further confirmed strength from yesterday’s breakout of a small bull flag pattern. A prior lower swing high at 71.79 was ...

U.S. and global benchmark crude-oil prices settled Monday at their highest since August, with investors assessing the potential hit to supply from a further tightening of U.S. sanctions on Russia ...