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An oilfield worker speaks by radio at an oil well operated by Venezuela's state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas April 16, 2015.

The lifeblood of Venezuela’s economy is taking a beating in the wake of Trump’s sanctions

Venezuela’s oil shipments have reportedly fallen sharply since the US hit the country with energy sanctions.

Here’s why Trump wants to shut Iran out of the oil market

Washington will reinstate sanctions against Tehran on Monday, including some that ban the purchase of Iranian oil. Here's what you need to know.
Saudi Arabia's energy minister al-Falih addresses a news conference after an OPEC meeting in Vienna

Swelling oil inventories could be driving the market toward oversupply, OPEC says

Less than two weeks before US sanctions against Iran kick in, OPEC said the oil market could shift toward a surplus and signaled it would adjust production accordingly if that were the case.
An American flag hangs on the side of a Southern oil refinery.

Oil tumbles below $70, hits lowest level in nearly a month

Oil prices tumbled Wednesday to their lowest level since September after government data showed US inventories rose more than expected and as stocks paused an earlier rebound.

Saudi Arabia using the ‘oil weapon option’ could cause prices to soar to $150

While Saudi Arabia isn't likely to follow through with what many saw as a veiled threat to pressure the energy market if the West imposes sanctions against Riyadh, analysts aren't ruling that scenario out.

Oil spikes to its highest level in almost 4 years as Iran sanctions loom

Oil prices rallied to near four-year highs Wednesday, erasing earlier losses as markets weighed the largest rise in US crude inventories this year against looming oil sanctions against Iran.
Roughneck Brian Waldner is covered in mud and oil while wrestling pipe on a True Company oil drilling rig outside Watford, North Dakota.

Oil tumbles as much as 2% as Oklahoma crude piles up

Oil prices slid Monday after inventories at the US crude delivery hub jumped last week, adding to demand concerns.

Oil jumps after IEA says maintaining global supply with Iran sanctions could be ‘very challenging’

Crude prices rebounded Friday amid expectations for US sanctions against Iran, which would cut off oil imports from the country, and a rise in global demand.

Oil slides after China announces tariff on US crude

Oil prices slumped Wednesday after Beijing announced it would retaliate against the Trump administration with a 25% tariff on another $16 billion worth of US products, including crude exports to China.

Oil prices spike ahead US sanctions on Iran

Oil prices rallied Monday as markets braced for the reimposition of US sanctions against Iran. Other sanctions, including those targeting Iranian crude, will resume in November.