Oil futures headed higher Thursday, finding support a day after President Trump said he was revoking a license issued by the Biden administration that had allowed Chevron to produce oil in Venezuela.

Maria Corina Machado, the most prominent figure in the country’s opposition movement, argued the measures are needed to stop government repression.

U.S. President Donald Trump's cancellation of licenses for foreign oil companies to operate in sanctioned Venezuela will reduce the dollars on offer in the country's exchange market, stoking depreciation of the local bolivar currency and prices,

Congress sent to President Donald Trump's desk a repeal of a fee on excess methane emissions from oil and gas production

The Senate voted Thursday to repeal a new US fee on climate-warming methane emissions from oil and gas producers, sending the measure to the White House for President Donald Trump’s signature.

Republicans in both chambers Thursday continued their onslaught against late-stage Biden administration regulations, and new House votes are already set for next week. The Senate — along party lines — approved a resolution of disapproval against EPA’s rules implementing a methane leak fee on the oil and gas industry from the Democrats’ 2022 climate law.