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

Venezuela's official 300 billion barrels of proven oil reserves is largely the result of reclassification and political ...

Venezuela sits on 303 billion barrels of oil—more than Saudi Arabia. So why does it pump less than 1% of global supply? The answer involves nationalizations, sanctions and crude that's harder to ...

Venezuela's oil is mostly extra-heavy crude from the Orinoco Belt, with breakeven costs above $80 per barrel-making it ...

Despite geopolitical upheaval, sanctions, and military action, this South American state's proven oil reserves remain ...

His firm loaded around 1.7m barrels of Venezuelan crude onto tankers in the first week of January, after the partial lifting ...

Political instability in Iran, a major oil producer, together with US President Donald Trump's recent threats against the ...

Venezuela holds the world's largest proven oil reserves, surpassing Saudi Arabia with around 303 billion barrels of crude oil ...

Following the dramatic seizure of Venezuelan President Nicolás Maduro on January 3, 2026, Trump’s comments about taking control of Venezuela’s oil ...

The country’s 300 bln barrels of viable reserves represent almost one-fifth of the world's total. Yet this figure is ...