President Donald Trump meets with major oil companies after successful military operation captured Venezuelan president Nicolás Maduro and wife Cilia Flores on narcotics charges.

America's oil magnates are prepared for prices to be lower next year, as supply on Texas' Permian Basin ramps up to account for 40% of U.S. oil production in the near future.

Chevron and the Trump administration are aligned in their values that see American energy dominance as linked to "economic competitiveness," CEO Mike Wirth says.

California attempts to retain oil companies with new legislation as refineries close and gas prices reach $4.65 per gallon compared to $3.17 national average.

California's plan to create Olympic VIP lanes using gas tax revenue sparks debate between Republicans demanding road improvements and officials defending the 2028 Los Angeles investment

Experts examine China's limited military capability to exert power if Iran's regime falls, highlighting Beijing's economic dependence on the US and potential global conflict risks

Policy aims to block Maduro royalties and Chinese takeover while maintaining US oil infrastructure

Chevron plans to lay off 200 employees at locations in Midland, Texas as part of a global workforce reduction of up to 20% by 2026.

Oil is now hovering around $66 a barrel, prompting analysts to model scenarios where prices remain in the $60s this year or even decline into the $50s.

The Gulf of America saw another new oil field take shape off the coast of Louisiana, as the Ballymore field went into operation last week.