There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending gasoline under $3 a gallon at the pump in the US.

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.

U.S. limits on Venezuelan oil exports are cutting the revenue that once sustained Nicolás Maduro, weakening his cash flow and putting the regime’s stability at risk.

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.

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.

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.

Car engines have used motor oil for the whole of automotive history, and during that time a lot of myths have cropped up about its use. Here are a few.

When it comes to using oil with your air fryer, in general, your choice should have less to do with type and everything to do with volume. "Any oil that you put too much of, the heat will distribute unevenly and the food will burn," warns Marchetti