President Trump said the United States wanted to reclaim expropriated oil assets, setting off a nationalist reaction in a country where the resource holds a mythical status.

Brent crude oil prices fell to below $60 a barrel on Tuesday, the lowest since May, amid investor optimism over progressing peace talks between Russia and Ukraine, and a wave of oversupply hitting global oil markets.

The world has more oil than it needs, but a drop in crude prices this week to the lowest level in nearly five years may help slow production and boost demand.

SANTA FE, N.M. (AP) — A Republican push to make drilling cheaper on federal land is creating new fiscal pressure for states that depend on oil and gas revenue, most notably in New Mexico as it expands early childhood education and saves for the future.

Can a spoonful of olive oil a day lower blood pressure? Discover how olive oil supports heart health, how long it takes, and the best type to use.

Canadian oil sands producers lead by Cenovus Energy Inc. plan to expand production next year despite an impending supply glut that threatens to deepen the slump in crude prices.

Oil and gas activity in the key producing states of Texas, Louisiana and New Mexico edged lower in the fourth quarter, as executives there expressed concern about weak oil prices that are making some wells noneconomic and ongoing geopolitical uncertainty,