CRUDE OIL

Since its low point in mid-January 2016, the price of crude oil has made a sustained recovery, but fresh concerns over Venezuela and the future of the nuclear deal with Iran could pare back the gains.

Scientists figured out how old beetle fossils were to learn about the prehistoric climate of Los Angeles, and it looks like it was the same as it is today.

Repsol energy said the well could yield up to 1.2 million barrels of oil.

A new study found that up to 16 percent of the United States' fracking wells spill chemicals and hydrocarbons.

The world’s two largest crude oil producers were scheduled to meet Monday, ahead of the closely-watched OPEC meeting Wednesday.

The British pound jumped back from lows in a volatile trading session, though concerns about a “hard Brexit” are likely to keep the currency under pressure.

Oil prices hovered near one-year highs on growing expectations of an output cut by the Organization of Petroleum Exporting Countries.

Venezuelan President Nicolas Maduro has said that a deal between OPEC and non-OPEC producers to stabilize output could be announced this month.

The company at the center of Brazil’s massive corruption scandal is currently dealing with a $126 billion debt — the largest in the world oil industry.

OPEC’s 13 members meet in Vienna Thursday to set the group’s policy, which is more focused on market share than on influencing prices.

As the oil-price slump continues, members of the cartel of petroleum producers have struggled to solve the crisis of supply and demand.

The CEO of the world’s largest oil company said Tuesday it is eyeing expansion around the world and is planning “significant growth” in output in 2016.

The supervisory board of Saft unanimously approved the takeover by the French oil giant, the companies said in a joint statement Monday.

Price of crude is on course for its strongest monthly performance since last April.

In the first quarter, the British oil giant reported a net loss of $485 million, beating analysts’ estimates significantly.

Hopes for limits on oil production were dashed Sunday as major oil producers decided to put off any decisions until the June OPEC meeting.

Global oil prices rallied after a report that top producers Russia and Saudi Arabia agreed to freeze output ahead of a much-anticipated meeting.

Investors nervous after deadly blasts in Brussels prompted a flight towards so-called safe-haven assets such as gold.

The state-controlled oil company is at the epicenter of the country's massive corruption scandal.

Despite the global oversupply, Iran has accelerated production as it seeks to recover the output it lost under Western sanctions.

The price of oil may have already bottomed as shrinking global supplies — particularly from the U.S. — erode the world’s glut of crude, the International Energy Agency says.