Venezuela sits on 303 billion barrels of oil—more than Saudi Arabia. So why does it pump less than 1% of global supply? The ...

Most of the reserves in the country are extra-heavy oil that’s tough to extract and generates more greenhouse gases.

Crude prices are low. Companies are being cautious. But huge reserves — particularly of the heavy, viscous oil Venezuela has ...

In a social media post, Trump wrote that Venezuela would sell 30 to 50 million barrels of oil to the U.S., and he would ...

In a social media post on Tuesday, Trump said Venezuela would hand over 30 to 50 million barrels of oil to the U.S., which in ...

Venezuela has the largest oil reserves of any country on Earth. But the type of oil it has is difficult, and dirty, to process. Experts say ramping up production would be expensive, and dangerous for ...

Explore the differences between shale oil and conventional oil, including extraction costs and methods, and how these impact ...

Venezuela sits on 300bn barrels of the stuff, more than Saudi Arabia, but owing to years of mismanagement pumps a piddling 1m ...

U.S. action in Venezuela has renewed focus on the country’s vast oil reserves, heavy crude challenges, and the expropriations ...

The country’s oil industry has undergone major shifts and two waves of nationalization since its first well started pumping ...

The Trump administration escalated its pressure on Venezuelan oil, seizing two tankers and declaring it intends to ...