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 ...

Crude oil prices Thursday climbed to a 1-week high and settled moderately higher. Thursday's weaker dollar was supportive of energy prices. Crude also has carryover support from this week's ...

The U.S. is the world’s largest oil producer, but it still needs to import more crude oil than it makes. The majority of ...

HOUSTON (Reuters) - U.S. exports of crude oil to India last month climbed to their highest in over two years, ship tracking data showed, as refiners in the country sought alternative supplies ...

Crude oil output hit 13.491 million barrels per day (bpd) in December, up from 13.314 million bpd in November and topping the prior all-time high of 13.436 million in October, the EIA said.