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

Refining converts mixed crude oil into specification fuels, petrochemical feedstocks, lubricants, and other products by physical separation, chemical conversion, and product treating/blending. It ...

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

Fort McMurray, CANADA: The Syncrude extraction facility in the northern Alberta oil sand fields is reflected in the pool of water being recycled for re-use in the extraction process 13 June 2007 in ...