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

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

According to the report, American officials are considering the deployment of SLB, Halliburton, and Baker Hughes to overhaul ...

Venezuela claims the world’s largest oil reserves, but most of that oil is extra-heavy, expensive to produce, and highly ...

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 ...

President Trump has said Venezuela "unilaterally seized and sold American oil." But the history between the countries is far more complicated, experts note.

Most of the country's oil is extra-heavy crude from the Orinoco Belt, which requires more energy to extract, transport and refine than lighter grades. The crude is also sour, meaning it contains high ...

Boosting production of Venezuela’s extra-heavy, “very dense, very sloppy” oil would significantly worsen climate pollution and local environmental damage, and environmental advocates are warning that ...

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

California Attorney General Rob Bonta moves to block the restart of oil pipelines shut down after the 2015 Refugio spill, ...

Venezuela's oil sector is deeply degraded, with production far below capacity and infrastructure in "catastrophic" condition.