A decrease in oil supply drives up oil prices, which can raise unemployment and inflation. To counter adverse effects on inflation, a central bank may choose to increase its policy rate, potentially ...

President Trump confirmed Wednesday that the U.S. seized an oil tanker off the coast of Venezuela, in the latest escalation of tension with the Latin American country and its President Nicolas Maduro.

The White House dismissed the seizure being an escalation against Venezuela. The U.S. intends to take all the oil contained in the tanker seized off the coast of Venezuela, White House press secretary ...

HOUSTON/SINGAPORE, Dec 10 (Reuters) - Oil buyers in Asia are demanding deep discounts on Venezuelan crude due to a flood of sanctioned oil from Russia and Iran on offer and to heightened risk of ...

Skip York does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their ...

A U.S. intervention in Venezuela would trigger an immediate oil price spike, but analysts expect prices to fall later if regime change leads to sanctions being lifted. Venezuela’s heavy crude is a ...